1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mixas84 [53]
3 years ago
12

Five Star Manufacturing has provided the following data for the month of June. There were no beginning inventories; consequently

, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work in Process Finished Goods Cost of Goods Sold Total Direct Materials $1,700 $6,300 $22,200 $30,200 Direct Labor $7,780 $15,750 $55,500 $79,030 Manufacturing Overhead Applied $4,320 $6,840 $24,840 $36,000 Total $13,800 $28,890 $102,540 $145,230 Manufacturing overhead for the month was overapplied by $7,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The finished goods inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
Business
1 answer:
zubka84 [21]3 years ago
6 0

Answer:

Five Star Manufacturing

The finished goods inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

$30,220

Explanation:

a) Data and Calculations:

                    Work in Process   Finished Goods  Cost of Goods Sold  Total

Direct Materials       $1,700              $6,300              $22,200         $30,200

Direct Labor            $7,780             $15,750              $55,500         $79,030

Overhead Applied $4,320               $6,840              $24,840         $36,000

Total                      $13,800            $28,890             $102,540        $145,230

Allocation of overapplied

Overhead                $840                $1,330                 $4,830           $7,000

Adjusted Total     $14,640            $30,220              $107,370       $152,230

Manufacturing overhead overapplied by $7,000

Basis of apportionment of overapplied overhead: overhead applied

                    Work in Process   Finished Goods  Cost of Goods Sold  Total

Basis ratio             0.12                     0.19                   0.69                        1

Overapplied

overhead          $840                 $1,330                 $4,830                $7,000

You might be interested in
In 3 or 4 sentences, explain how increasing the money supply can result in economic growth.
3241004551 [841]

The value of the American dollar would go down drastically. By doing that it would increase the prices of basically anything and everything. It will place our country in an immense debt and could potentially have our country fail.

8 0
3 years ago
Piscataway National Bank pays compound interest on savings accounts, but at different rates depending on the amount of the accou
Natasha2012 [34]

Answer:

It will take 4.2 years

Explanation:

The amount due in the future when a sum of money is invested at a particular interest rate for certain number of years is called Future or compound value.

To calculate the compound value, we use the formula below:

FV = PV * (1+r)^n

FV- future value, PV - Present value, r - interest rate, n - number of years

In this question,

FV - 15,000, PV- 5000, r -3%, n- ?

Substituting this value we have:

15,000 = 5000 × (1+0.03)^n

15000 = 5000 ×  1.03^n

1.03^n = 15,000/5000

1.03^n = 3

log 1.03^n = Log 3

n = Log 3/log 1.03

n = 4.18735

It will take about 4.2 years for the account to reach $15,000

3 0
3 years ago
1. Which design style resembles a half-moon?
masya89 [10]
The correct answer for the question that is being presented above is this one: 
(1) <span>B. Crescent
</span>(2) C. Clustering
(3) C. are difficult to carry.
(4) B. terracing
(5) <span>B. Ikebana
</span>(6) <span>A. allow designers the opportunity to work with better flowers.
</span>(7) <span>D. Sequencing
</span>(8) <span>B. grouping.
</span>(9) <span>D. terracing.
</span>(10) <span>C. rocky creek bed.</span>
7 0
3 years ago
Read 2 more answers
What is your intended major? discuss how your interest in the subject developed and describe any experience you have had in the
Mashutka [201]
This question is mostly based on your personal opinion and experience, so I don't think that I'll be able to help you with this question.
3 0
3 years ago
20 points A trading business will use the________ account to track its inflow of goods.
d1i1m1o1n [39]

The current account is used to mark the inflow and outflow of goods and services
5 0
3 years ago
Read 2 more answers
Other questions:
  • The project involves an initial investment of $100,000 in equipment that falls in the 3-year MACRS class and has an estimated sa
    13·1 answer
  • Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors send out an email cont
    15·1 answer
  • On October 10, a company paid $36,000 to a supplier. Of that amount, $6,000 was for supplies received on October 10 and $30,000
    11·1 answer
  • Hypothetical situation: The economy has been declining for six months. The unemployment rate has increased by 2 percent in the p
    12·1 answer
  • Elroy Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month lat
    6·1 answer
  • Pepper Company is using the annual rate of return to evaluate a potential investment. The original investment required is $120,0
    12·1 answer
  • Proctor &amp; Gamble departmentalizes by Tide, Pampers, Charmin, and Pringles. This is an example of departmentalization by
    5·1 answer
  • If short-run marginal cost and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q, and AVC = 2 + 2Q,
    9·1 answer
  • You sell 10 cups of lemonade for 1.50 each. You spent $5.00 on lemons and $1.00 for a bag of ice. What is your profit or loss?
    14·2 answers
  • Part of establishing an audience adaptation plan is determining what you can do to make it easier for audience members to compre
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!