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anygoal [31]
2 years ago
13

Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $

47,200 Direct materials used 56,000 Direct labor used 15,600 Factory supervisor salary 10,000 Salesperson commissions 8,200 Depreciation expense—Factory building 3,700 Depreciation expense—Delivery equipment 2,500 Indirect materials 1,800
Business
1 answer:
olga_2 [115]2 years ago
4 0

Answer:

Cost of goods manufactured= $87100

Explanation

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.

In this exercise:

<u>Cost of goods manufactured:</u>

Direct materials= $56,000

Direct Labor=$15,600

Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500

Total= $87100

Note: Salesperson commissions and  Depreciation expense Delivery equipment are not included in factory overhead

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Anna007 [38]

Answer:

The correct answer is letter "C": Sprint Goal, Sprint Backlog.

Explanation:

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8 0
3 years ago
A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet
azamat

Answer: income from operations for the year and the amount by which the component’s fair value less cost to sell is less than book value

Explanation:

Discontinued operations is simply and accounting term which means the parts of the core business of a company that have either been shut down or divested.

With regards to the question, the amount that the company would report as income from discontinued operations would be the income or loss that was gotten from operations, that is revenues, the expenses, gains and the losses and the impairment loss.

Therefore, the correct answer will be option B "Income from operations for the year and the amount by which the components fair value less cost to sell is less than the book value".

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2 years ago
Young married couples that find themselves running out of money at the end of the month might be well advised to:
xxMikexx [17]
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3 years ago
The Sisyphean Company is considering a new project that will have an annual depreciation expense of $3.6 million. If Sisyphean's
castortr0y [4]

Answer:

$1,260,000

Explanation:

Given that,

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3 0
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Roche Biotech provides company cars for its salespeople that cost an average of $25,000. Using the class recovery system of five
Len [333]

Answer:

$8,000

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Data provided in the question:

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7 0
2 years ago
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