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3 years ago

Using the information below for Laurels Company; determine the cost of goods manufactured during the current year:

Business

1 answer:

Lelu [443]3 years ago

6 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Direct materials used $ 5,400

Direct Labor 7,400

Total Factory overhead 5,500

Beginning work in process 3,400

Ending work in process 4,800

To calculate the cost of goods manufactured we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 3,400 + 5,400 + 7,400 + 5,500 - 4,800

cost of goods manufactured= $16,900

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If a diversified firm had three businesses and these companies shared a common marketing and service operation, as well as commo

Westkost [7]

Answer:

true, it reduces costs by sharing activities

Explanation:

In this case, since the diversified firm has three different businesses that share common marketing and service operations, it is benefiting from a type of economies of scope called shared activities.

Economies of scope basically refers to saving money when producing two or more goods or services by using common production processes in order to reduce costs. The joint production of the goods or services will cost less than if the company produced each one separately.

This company is benefiting from using shared activities because one single marketing unit and another single operations unit will serve the three separate businesses.

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3 years ago

Bay City uses the purchases method to account for supplies. At the beginning of the year the City had no supplies on hand. Durin

Rasek [7]

Answer:

Supplies Expenditure $600,000

Supplies Inventory $200,000

Explanation:

Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :

Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.

Therefore Supplies Expenditure will be $600,000

Supplies Inventory will be:

Purchased supplies $600,000

Less used supplies $400,000

Balance =$200,000

Therefore Supplies Inventory will be $200,000

6 0

3 years ago

Plz answer this not trying to be rude plz

Mekhanik [1.2K]

Answer:

Can you pls tell the question by writing because it shows pdf and then I the question does not shows.

Pls write answers on comments then I think I can help

7 0

3 years ago

The Van Horns deposit funds with ABC Escrow as a requirement for the purchase of their new home. Who is the grantee and the thir

Gwar [14]

Answer:

This is an escrow transaction. An escrow is an arrangement where a third party (ABC Escrow) holds funds for a given transaction between other two parties.

The Van Horns are the grantees in this transaction.

The escrow is responsible for the safe keeping of the funds, in order to avoid any type of loss or fraud.

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3 years ago

If a worker was climbing on a tower while attached to a vertical lifeline, the workers fall protection system would be provided

Alex_Xolod [135]

If a worker was climbing on a tower while attached to a vertical lifeline, the workers fall protection system would be provided by: single anchor vertical lifeline , and mobile fall arrestors.

<h3>What is a protection system?</h3>

Protection system can be defined as the system that help to protect and safeguard people from hazard or to protect people from material that may fall on them while climbing a tower.

Hence, the protection system that will help to protect a worker or an employee who fall while climbing on a tower are;

Single anchor vertical lifeline
Mobile fall arrestors

Learn more about Protection system here:brainly.com/question/26260220

#SPJ1

4 0

2 years ago