I’m pretty sure the answer is a. commission
Answer:
The correct option is c: $665,000
Explanation:
Cost of goods manufactured:
- The cost of goods manufactured (COGM), also called cost of goods completed.
- It calculates the total value of inventory that was produced during the period and is ready for sale.
- In other words, this is the total amount of expenses incurred to turn work in process inventory into finished goods.
Calculation method:
The cost of goods manufactured equation is calculated as follows:
- adding the total manufacturing costs; including all direct materials, direct labor, and factory overhead;
- to the beginning work in process inventory and
- subtracting the ending goods in process inventory.
- This formula will leave you with only the cost of goods that were completed during the period.
Calculation:
Opening work in process inventory = $130,000
Closing work in process inventory = $145,000
Total manufacturing cost = $680,000
Total cost of goods manufactured = Opening WIP + Total manufacturing cost - Closing WIP
Total cost of goods manufactured = $130,000 + $680,000 - $145,000
Total cost of goods manufactured = $665,000
Answer:
Explanation:
Clarification: Accounting is separated into two sections
Section 1: Financial Accounting: The monetary bookkeeping identifies with the planning of the asset report and other fiscal summaries like accounting report, benefit and misfortune record and income. The essential clients are leasers, speculators for these fiscal summaries.
Section 2: Managerial Accounting: The administrative bookkeeping gives data about monetary and money related data for supervisors and other inward clients. They are more adaptable as is required for the board basic leadership. The essential clients are workers, CEOs, and friends' administrators.
Petra is a CEO of coordinations division, consequently falls into administrative bookkeeping clients.
Answer:
The correct answer is: contribution margin per unit increase, contribution margin ratio no change.
Explanation:
In any organization when planning operations, the executives of a company try to discover the total of its costs and achieve a surplus as a return to the resources that the shareholders have put at the service of the organization. The point at which the income is equal to its costs is called BALANCE POINT in it there is no loss or profit.
In the planning task, this point is an important reference, since it is a limit that influences to design activities that lead to always be above it, as far as possible, in the place where you obtain the highest proportion of utilities.
The breakeven point is determined by dividing the total fixed costs by the contribution margin. The contribution margin is the excess of income with respect to the variable costs; It is the part that contributes to cover fixed costs and provides a utility.
In the case of the breakeven point, the company's total contribution margin is equal to the total fixed costs; There is no utility or loss.
The breakeven point is located where revenues are equal to costs.
Answer:
Marigold Corp.
The segments to be disclosed in accordance with professional pronouncements are:
a. Segments A, B, C, and D
Explanation:
a) Data and Calculations:
Operating
Segments Total Revenue Profit (Loss) Identifiable Assets
A $254,500 $30,300 $899,000
B 599,500 (55,700) 801,500
C 225,500 52,004 49,000
D 90,800 4,700 226,000
Total $1,170,300 $31,304 $1,975,500
b) According to professional pronouncements and U.S. Generally Accepted Accounting Principles (GAAP), public companies must report a segment if the segment accounts for 10% of total revenues, 10% of total profits, or 10% of total assets. The main purpose for presenting financial information by segments is to provide users of financial statements with information for making more informed economic decisions.
