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Lesechka [4]
3 years ago
9

Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P

roperty taxes on store Labor costs of assembly-line workers 119,500 Sales commissions Factory supplies used $123,700 Advertising expense $48,000 17,800 28,200 40,600 57,600 62,600 Property taxes on plant 7,700 Delivery expense 26,200 Salaries paid to sales clerks Work in process inventory was $14,600 at January 1 and $17,500 at December 31. Finished goods inventory was $62,700 at January 1 and $50,000 at December 31. Compute cost of goods manufactured. Cost of goods manufactured s Compute cost of goods sold
Business
1 answer:
Sonja [21]3 years ago
4 0

Answer:

See attached file

Explanation:

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A company’s unit costs based on 100,000 units are: The normal unit sales price per unit is $165. A special order from a foreign
zysi [14]

Answer: $495,000

Explanation: Opportunity cost can be defined as the cost of profits that were foregone by choosing one alternative over other. It is a part of economic cost and is not considered while calculating the accounting cost.

 In the given case, company has to forego the sale of 3000 units due to the special order production, thus, the lost sale of those 3000 units is the opportunity cost of fulfilling the special order.

This, can be computed as follows :-

opportunity cost = 3000 units * $165

                             = $495,000

7 0
4 years ago
Economics Unit 5 Study Guide
Alika [10]

The Government agency and the organizations are the groups that are facilitated for the working by the government, privately or with government support.

<h3>What is Government agency?</h3>

The Government agency and the organizations are the groups that are operated either privately or by the government for the operation of the task.

The Government agency is defined as a public organization with the task to complete the work for the government.

The Government Contractor is a private business that works for the completion of the government work.

The Government Corporation is given as the establishment for the independent operation of the goods and services supported by the government.

Learn more about Government agency, here:

brainly.com/question/11809859

#SPJ1

4 0
3 years ago
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It
vodka [1.7K]

Answer:

second year depreciation 13,072

Explanation:

190,000 - 10,000 = 180,000 ammount subject to depreciation

then we do:

180,000/75,000 = 0.688 rate per bolt

to get the depreciation for the second year:

19,000 x rate = 19,000 x 180,000/75,000 =  $13,072.00

doing it in a single step avoid rounding errors.

4 0
4 years ago
Suppose that an economy is initially operating at a point on its PPC. If it then experiences an expansion in its production capa
hram777 [196]

Answer:

C. Inside its PPC

Explanation:

The Production possibility Curve also known as Production Possibility Frontier PPF is the curve that depict the relationship in the production of 2 given goods in an economy (See Image).  

The curve basically shows 5 situations:

1. Point A: where all the production is devoted to Wheat

2. Point B: where all the production is devoted to Cotton

3. Points C: Any given point along the curve different to point A and B represent the trade off in the production of the 2 goods

4. Point D: Is an impossible point to achieve as it is outside the capabilities of the curve

5. Point E: Is an inefficient point of production as it is below the possibilities of production.

In the case of the expantion of the production capacity while the total spending fails to rise as fast. Then, the economy ends up in point E were inefficiency must be solve in order to produce in a maximum capacity.

6 0
4 years ago
Valuetronics, an electronics company, is currently in the preproduction stage of launching one of its new stereo systems. In ord
Katyanochek1 [597]

Answer: Computer aided engineering(CAE) systems.

Explanation:

Computer aided engineering involves making use of computer softwares that aids production. The computer aided engineering software is used to design how product could look like, simulate the product on a computer system to determine the product's possible performance and to ensure the desired standard is met, before the design can then be used to carry out production. Computer aided engineering is commonly applied in automobile production and large buildings construction.

4 0
4 years ago
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