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Aleonysh [2.5K]
3 years ago
12

NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory

$10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000 Calculate the Cost of Goods Manufactured for the period. Enter your answer in the following space. Show all work.
Business
1 answer:
GrogVix [38]3 years ago
6 0

Answer:

Cost of goods manufactured = Cost of goods sold + Ending finished goods inventory - Beginning finished goods inventory

Cost of goods manufactured = $22,000 + $46,000 - $10,000

Cost of goods manufactured = $58,000

Explanation: In order to obtain cost of goods manufactured, we need to add cost of goods sold to ending finished goods inventory and deduct beginning finished goods inventory. Ending work-in-process inventory should be ignored because it has been considered before arriving at cost of goods manufactured.

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Marina86 [1]

Answer:

Setup time = 2.5 min. per order

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Utilization = 7.5 minutes

Explanation:

The time to cook just one order = 3 minutes

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a) Setup time:

Setup time = 3 - 0.5

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b) Process capacity:

Production = Setup time + ( Processing time * Batch size )

= 2.5 + (0.5 * 6)

= 5.5 minutes

Process capacity = Batch size / Production

= 6 / 5.5

= 1.09 units/minute

c) Utilization:

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Production = Setup time + (Processing time * Batch size)

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3 years ago
Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea
max2010maxim [7]

Answer:

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<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>

FV= {A*[(1+i)^n-1]}/i

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<u>Now, the total future value after 25 years:</u>

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6 0
2 years ago
Sales data suggests that demand for Turnkey Software's products remains strong. However, a recent customer satisfaction survey i
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Answer:

Explanation:

Based on the scenario being described within the question it can be said that in this situation the analyst should focus on fully disclosing all of the available data and show that, while sales remain strong, the company must address its customer service situation. That is because customers are the heartbeat of the company and without them the company will ultimately go bankrupt.

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Nimfa-mama [501]

Answer:

a. Gantt chart.

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Observing children's needs and interests should affect the way you plan activities.
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