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kenny6666 [7]
3 years ago
14

Manufacturing costs do not include: Multiple Choice Direct labor applicable to production within the period. Selling expenses re

lated to goods manufactured during the period. Direct materials used during the period. Manufacturing overhead charged to work in process during the period.
Business
1 answer:
-Dominant- [34]3 years ago
7 0

Answer: The <em>manufacturing costs don't include selling expenses related to goods manufactured during the period.</em>

Explanation:

Manufacturing costs by definition are the sum total of direct labour (labour charges paid for production), direct material (raw material expenses paid for producing the goods) and manufacturing overheads (other manufacturing expenses like fuel charges and accounting costs for recording manufacturing  processes etc). These costs are calculated for work in progress and finished goods.

Thus manufacturing costs= Direct Labour + Direct Material + Manufacturing Overheads.

So, thereby looking at the options <em>manufacturing costs don't include selling expenses related to goods manufactured during the period.</em>

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Exercise 12-04 a-b (Video) McGill and Smyth have capital balances on January 1 of $54,000 and $48,000, respectively. The partner
dezoksy [38]

Question Continuation

Complete the schedule showing the distribution of net income, assuming net income is $54,000

Answer:

McGill takes $31,540

Smyth takes $22,460

Total: $54,000

Explanation:

Salary Allowance

McGill: $19,000

Smyth: $14,000

Total Salary Allowance = $33,000

Interest Allowance

McGill: $54,000 x 10% = $5,400

Smyth: $48,000 x 10% = $4,800

Total Interest Allowance = $5400 + $4,800 = $10,200

Total salaries and interest

McGill =$24,400 ($19,000 + $5,400)

Smyth: $18,800 ($14,000 + $4,800)

Sum = $43,200

Remaining income

McGill = $10,200 x 70% = $7,140

Smyth: $10,200 x 30% = $3,060

Total division between McGill and Smyth

McGill takes $31,540

Smyth takes $22,460

Total: $54,000

5 0
3 years ago
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable c
Alinara [238K]

Answer:

Yes $30 agsinst $19.50

The variable cost for the first 50 untis is $17.50

Yes $30 against $27.25

average variable cost for the first 100 units $26.25

Marginal cost for the first 50 units: 17.50 which is lower than marginal revenue

from 51 units and subsequent untis: 35 which is higher than marginal revenue

It will produce 50 units achieving $525 of profit

Explanation:

$100 fixed cost /50 units + 17.50 = 19.50 average cost

selling price: $30

100 fixed cost + 17.50 x 50 + 35 x 50 = 2725

total cost 2,725 / 100 units = 27.25 unit average cost

selling price $30

($17.50 x 50 + $35 x 50)/100 = 26.25

After the 50untis our profit will decrease as the marginal revenue is lower than marginal cost thus, we stuop production at the 50 units:

50 x 30 - 100 fixed cost - 17.50 x 50 variable cost = 525 profit

4 0
3 years ago
In 2019, Wildhorse Company had a break-even point of $244,000 based on a selling price of $5 per unit and fixed costs of $97,600
Luden [163]

Answer:

unitary variable cost= $3

contribution margin ratio= 0.4

Explanation:

Giving the following information:

break-even point= $244,000

the selling price= $5 per unit

Fixed costs of $97,600.

First, we need to calculate the contribution margin ratio, we will use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

244,000= 97,600/contribution margin ratio

contribution margin ratio= 97,600/244,000

contribution margin ratio= 0.4

Now, we can calculate the unitary variable cost:

contribution margin ratio= (selling price - unitary variable cost)/seling price

0.4= (5 - unitary variable cost)/5

2= 5 -unitary variable cost

unitary variable cost= 3

7 0
2 years ago
A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities
Vesna [10]

Answer: A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities on the horizon, and also examines its production policies and sales histories to determine its strengths and weaknesses, is conducting a <u>SWOT analysis.</u>

Explanation:

SWOT is basically the acronym for; Strengths, Weaknesses, Opportunities, and Threats. It is a very effective tool used in the business industry to form strategies. You summarized the data from internal factors to discover your strengths and weaknesses. You use the external factors to identify the threats and opportunities.

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8 0
3 years ago
What are the steps for writing a check?
mr Goodwill [35]

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8 0
3 years ago
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