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aliina [53]
3 years ago
15

Number the following in the order of the flow of manufacturing costs for a company.

Business
1 answer:
Tpy6a [65]3 years ago
4 0

Answer:

B. Materials purchased.

F. Materials requisitioned to jobs.

C. Factory labor used and factory overhead incurred in production.

E. Factory overhead applied to jobs according to the predetermined overhead rate.

D. Completed jobs moved to finished goods.

A. Closing under/overapplied factory overhead to Cost of Goods Sold.

G. Selling of finished product.

H. Preparation of financial statements to determine gross profit.

Explanation:

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

The order of the flow of manufacturing costs for a company in an ascending order is;

1. Materials purchased.

2. Materials requisitioned to jobs.

3. Factory labor used and factory overhead incurred in production.

4. Factory overhead applied to jobs according to the predetermined overhead rate.

5. Completed jobs moved to finished goods.

6. Closing under/overapplied factory overhead to Cost of Goods Sold.

7. Selling of finished product.

8. Preparation of financial statements to determine gross profit.

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The theory of rational behavior
romanna [79]

Answer:

The correct answer is letter "C": is an assumption that economists make to have a useful model for how decisions are made.

Explanation:

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3 years ago
Checks written in late December do not appear on a December 31 Bank Statement because they were not cleared by the bank as of Ma
Shkiper50 [21]

Answer:

B) Subtract them from the bank balance.

Explanation:

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3 years ago
Frederickson Office Supplies recently reported $10,000 of sales, $7,250 of operating costs other than depreciation, and $1,250 o
stich3 [128]

Answer:

c. $900

Explanation:

The computation of the earnings before taxes (EBT) is shown below:

= Sales - operating costs other than depreciation - depreciation expense - outstanding bonds × interest rate

= $10,000 - $7,250 - $1,250 - $8,000 × 7.5%

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= $900

We ignored the state income tax rate of 25% and the rest of the items would be taken for the computation part

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