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3 years ago

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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Break-Even Point

11111nata11111 [884]

Answer:

The right answer is:

(a) 5916 units

(b) 5046 units

Explanation:

Given:

Sales,

= $59

Variable cost,

= $30

Fixed cost,

= $171,564

Increased sale,

= $64

Now,

(a)

Contribution margin will be:

= $Sales - Variable \ cost$

= $59-30$

= $29 \ per \ unit$ ($)

hence,

Breakeven will be:

= $\frac{Fixed \ cost}{Contribution \ margin}$

= $\frac{171564}{29}$

= $5916 \ units$

(b)

Contribution margin will be:

= $Sales-Variable \ cost$

= $64-30$

= $34 \ per \ unit$ ($)

hence,

Breakeven will be:

= $\frac{Fixed \ cost}{Contribution \ margin}$

= $\frac{171564}{34}$

= $5046 \ units$

5 0

2 years ago

cientists have developed a bacteria that they believe will lower the freezing point of agricultural products. This innovation co

alex41 [277]

Answer:

equilibrium price would fall and equilibrium quantity would increase

Explanation:

The discovery would reduce the amount of crops now lost to frost damage and increase the supply of crops e.g. potato.

As a result of the increase in supply, there would be an excess of supply over demand equilibrium price would fall and quantity would increase

Please check the attached image for a graph showing increase in supply

5 0

3 years ago

A company has a processing department with 10 stations. Because of the nature and use of three of these stations, each is consid

julsineya [31]

Answer:

CC100 has $31.25 per hour

CC11O has $250 per hour

CC120 has $62.5 per hour

CC190 has $62.5 per hour

Explanation:

The IDC rate for each department would be the department IDC allocated divided by operating hours as shown below:

CC100

IDC rate=$25,000/800=$31.25 per hour

CC110

IDC rate=$50,000/200=$250 per hour

CC120

IDC rate=$75,000/1200=$62.5 per hour

CC190

IDC rate=$100,000/1600=$62.5 per hour

Judging from the IDC rates of the departments,department CCC110 seems to have the highest IDC rate per hour,which implies that each hour is charged with $250 against the CC100 where each operating hours is just $31.25.

The higher the IDC rate in a department the higher the cost of the output of that department since the cost has to be recovered from output.

7 0

3 years ago

If your procurement budget request did not provide for buying a whole number of useable end items, this would be a violation of

Valentin [98]

Answer:

Full funding policy.

Explanation:

This would be a violation of Full funding policy.

Full funding strategy is a federal budgeting requirement implemented by Congress in the 1950s on the Department of Defense (DOD) that mandates all acquisition expenses of a weapons or piece of military equipment to be financed in the year the object is procured. Hence in the above example there is violation of Full funding strategy.

3 0

3 years ago

John wishes to set up an account for his grandfather so that he can have some extra money each month. John wants his grandfather

jeka94

Answer:

John must invest $3719.4

Explanation:

It is given that John grandfather withdraws $120 per month for 3 year

So total month = 12 ×3 =36 months

Total amount withdrawn S = 36×120 = 4320

m = 12 times per year

Rate of interest i = 5 % = 0.05

We know that $S=P(1+\frac{i}{m})^{mt}$

$4320=P(1+\frac{0.05}{12})^{36}$

$4320=P\times 1.1614$

P = $3719.41

So john must invest $3719.4

6 0

3 years ago