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Licemer1 [7]
3 years ago
9

Ply-Disc makes Frisbee-type plastic discs. Each 12 inch diameter plastic disc has the following manufacturing costs

Business
1 answer:
Fudgin [204]3 years ago
6 0

Answer:

The total budgeted cost of units produced $1,425,000

Explanation:

Total unit cost includes all the manufacturing costs like material, labor and overhead. It is used to calculating the inventory value.

As there is no beginning and ending inventory of work in process. The given beginning and ending inventory is Finished goods inventory.

Beginning Inventory = 16,000 units x $4.75 per unit = $76,000

Total Budgeted cost =

Unit produced = 300,000 units

Cost of Goods sold Budget

Direct material             $501,000

Direct labor                  $168,000

Variable overhead      $216,000

Fixed overhead           <u>$540,000</u>

Total Manufacturing cost                               $1,425,000

Add: Beginning Finished goods inventory   $76,000

Less: Ending Finished goods inventory        <u>$147,250   </u>

Cost of Goods Sold                                        <u>$1,353,750</u>

Workings:

Direct material = $1.67 x 300,000 units = $501,000

Direct labor = $0.56 x 300,000 units = $168,000

Variable overhead = $0.72 x 300,000 units = $216,000

Fixed overhead = $1.80 x 300,000 units = $540,000

Total Budgeted cost = $501,000 + $168,000 + $216,000 + $540,000 = 1,425,000

Ending Finished goods inventory = Beginning Finished goods inventory + Production in the period - Sales in the period = 16,000 + 300,000 - 285,000 = 31,000 units

Value of Ending Finished goods inventory = 31,000 units x 4.75 = $147,250

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Binder Corporation agreed to build a warehouse for a client at an agreed contract price of $4,000,000. Expected (and actual) cos
Rainbow [258]

Answer:

The correct option is a. 2017: $200,000 2018: $520,000 2019: $240,000.

Explanation:

The formula for cost to cost method is expected or actual cost incurred to date divided by the total cost of the project or contract.

Therefore, we have:

Total cost = Cost in 2017 + Cost in 2018 + Cost in 2019 = $640,000 + $1,600,000 + $800,000 = $3,040,000

Cost in 2017 contribution to total cost = Cost in 2017 / Total cost = $640,000 / $3,040,000 = 0.21

Cost in 2018 contribution to total cost = Cost in 2018 / Total cost = $1,600,000 / $3,040,000 = 0.53

Cost in 2019 contribution to total cost = Cost in 2019 / Total cost = $800,000 / $3,040,000 = 0.26

Revenue in 2017 = Cost in 2017 contribution to total cost * Contract price = 0.21 * $4,000,000 = $840,000

Revenue in 2018 = Cost in 2018 contribution to total cost * Contract price = 0.53 * $4,000,000 = $2,120,000

Revenue in 2019 = Cost in 2019 contribution to total cost * Contract price = 0.26 * $4,000,000 = $1,040,000

Therefore, net income for each year 2017 through 2019 using the cost-to-cost method can be computed as follows:

Net income for year 2017 = Revenue in 2017 - Cost in 2017 = $840,000 - $640,000 = $200,000

Net income for year 2018 = Revenue in 2018 - Cost in 2018 = $2,120,000 - $1,600,000 = $520,000

Net income for year 2019 = Revenue in 2019 - Cost in 2019 = $1,040,000 - $800,000 = $240,000

Therefore, the correct option is a. 2017: $200,000 2018: $520,000 2019: $240,000.

6 0
3 years ago
Read 2 more answers
Arianna just made another fantastic​ investment: She purchased 400 shares in Great Gains Corporation for ​$20.0920.09 per share.
Gwar [14]

<u><em>Answer:</em></u>

<u><em>1. Likely the price of the stock either goes up or falls</em></u>

<u><em>2. There is no need for a stop loss order in this scenario.</em></u>

<u><em>3. 5412541.2</em></u>

<u>Explanation</u>:

1. Stock market prices are often  unstable, prices can be up today, the next day they are low.

2. Arianna has already made over 100% profit from the stock since she purchased at a good low price, yesterday's stock close price was still profit for her.

3. A 10% Stop loss price would have been the idea order price rather than the ​$53.7353.73​.

4. Remember Stop loss order are meant to reduce or minimize the loss of investor or trader, a <em>calculated level </em>of  should be carefully decided.

8 0
3 years ago
The following information was available for the year ended December 31, 2016: Net sales $ 857,750 Cost of goods sold 609,550 Ave
mario62 [17]

Answer:Inventory turnover = 3.50 Times

Number of days sales in inventory= 94.5 Days

Accounts Receivable Turnover = 21.5 Times

Number of days sales in accounts receivable =12.5 days

Explanation:

a) Inventory turnover  = Cost of goods sold / Average inventory

$609,550 / $174,000 = 3.50 Times

b)Number of days sales in inventory = inventory at year end / Cost of goods sold x 365

$157,800 / $609,550  x 365 = 94.49≈94.5 Days

.

c)Accounts Receivable Turnover  = Net sales / Average accounts Receivable  for the year

$857,750/$39,900 = 21.49≈ 21.5 Times

d)Number of days sales in accounts receivable = end of year Accounts Receivable / Net credit sales x 365

$29,400 / $857,750  x  365 = 12.51 ≈ 12.5 days

8 0
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For most careers, which degree will likely result in the highest lifetime earnings
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A Masters Degree Because with that you can get any job you want
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Simply selling state-owned assets to private investors is not enough to guarantee economic growth.
Olenka [21]
The answer is true because consumers wouldn't have the same success in this economy and it needs growth and change in order for it to maintain stability
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