Answer:
cost of goods manufactured= $665,000
Explanation:
Giving the following information:
Molina Company has a beginning and ending work in process inventories of $130,000 and $145,000 respectively. If total manufacturing costs are $680,000
We need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 130,000 + 680,000 - 145,000
cost of goods manufactured= 665,000
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Answer:
$2500
Explanation:
Given: Total output(quantity)= 1000 units.
average variable cost per unit= $3
Average fixed cost per unit= $1.5
Selling price per unit is $7
We know, Profit= 
First, lets find out total cost
Total cost= 
Remember, cost= 




∴ Total cost=
= 
Now, finding total revenue.


Profit= 
∴ Total profit= 
Total profit= $2500
Answer:
McMahon Corporation
Partial productivity measures for labor for the four locations:
Mobile Pecos Spokane Lansing
Labor productivity 3.26 3.93 3.29 2.48
(meals per labor
hour)
Explanation:
a) Data and Calculations:
Mobile Pecos Spokane Lansing Total
Meals served 114,000 216,000 74,000 13,500 417,500
Labor-hours 35,000 55,000 22,500 5,250 117,750
Labor productivity 3.26 3.93 3.29 2.48 3.55
b) Labor productivity is computed as total output divided by labor-hours (labor input). It is the manpower or workforce productivity. It is one of the productivity measures with capital as the other measure.