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9966 [12]
3 years ago
14

Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in

Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $60,000 and direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work in Process was $43,000. The cost of goods manufactured for August was: A. $145,000B. $130,000C. $133,000D. $142,000
Business
1 answer:
Delicious77 [7]3 years ago
5 0

Answer:

B. $130,000

Explanation:

We know,

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead + Beginning work-in-process - Ending work-in-process

Given,

Direct materials = $60,000

Direct labor = $39,000

Manufacturing overhead = $43,000 (As the manufacturing overhead cost applied to work-in-process, so we will take $43,000 instead of $40,000).

Beginning work-in-process = $10,000

Ending work-in-process = $22,000

Putting the information into the above formula, we can get,

Cost of goods manufactured = $60,000 + $39,000 + $43,000 + $10,000 - $22,000

Cost of goods manufactured = $130,000

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Jeff, an employee at Citrus Inc., hears about a change in the company's leave policy from one of his coworkers and shares this i
Anton [14]

Answer:

grapevine communication

Explanation:

According to my research on different communication methods, I can say that based on the information provided within the question the information has been exchanged through grapevine communication. This is a form of communicating in which information is spread rapidly between employees and superiors and does not follow any structure or rule-based system.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Income Statement Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending
stiv31 [10]

Answer:

                                       Income Statement

Revenue                                                                 $24,698

Expenses

Salaries and employee benefits      $8,815

Purchased Transportation                $1,203

Fuel Expense                                     $3,228

Rental and landing fees                     $1,748

Depreciation Expense                       $925

Maintenance and repairs expense   $1,573

Provision for income taxes                $805

Other expense (revenue) net            <u>$4,995</u>

Total Expenses                                                        <u>$23,292</u>

Net Income                                                               <u>$1,406</u>

5 0
2 years ago
Suppose that the total production of an economy consists of 4 oranges and 10 candy bars, each orange sells for $0.25, and each c
yulyashka [42]

Answer: $6

Explanation:

Total production of oranges= 4

Total production of candy bars=10

Each orange sells for=$0.25

Total market value of orange production=price × quantity

=$0.25×4

=$1

Each candy bar sells for= $0.50

Total market value of candy bar production=price of candy bar × quantity of candy bar

=$0.50 × 10

=$5

The economy produces oranges and candy bars.

The total market value of production in the economy= Total market value of Orange production + Total market value of candy bar production

=$1 + $5

=$6

5 0
2 years ago
The following are some of the steps in the accounting cycle. Which of the following reflects the steps in the correct order? Fin
lukranit [14]

Answer:

The correct answer is:

  1. Journalized business transactions are posted to the ledger.
  2. An unadjusted trial balance is prepared.
  3. Financial statements are prepared.
  4. Closing entries are journalized and posted to the ledger.
  5. A post-closing trial balance is prepared.

Explanation:

The following phases or stages are distinguished in the accounting process or cycle:

  1. Initial situation balance.
  2. Accounting opening.
  3. Record of the operations of the year.
  4. Periodification
  5. Adjustments prior to the determination of the benefit - or loss - generated in the year.
  6. Balance check sums and balances.
  7. Calculation of the result.
  8. Accounting closing.
  9. Annual accounts.
  10. Distribution of the result.
7 0
3 years ago
The bank received and accepted a payment worth $7,200 from a customer on the company’s behalf. Which journal entry adjustment sh
Oliga [24]

Answer:

A. Accounts receivable will be debited by $7,200.

Explanation:

Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.

Recording the transaction for accounts receivable follows the principle for recording assets transactions.  An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.

7 0
3 years ago
Read 2 more answers
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