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
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

You might be interested in
27. Average cost curves (except for average fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curve
jasenka [17]

Answer:

Explanation: Both the marginal cost curve and the average variable cost curve are U-shaped. For many firms, this is true because their production exhibits increasing returns at low levels of output and decreasing returns at high levels of output. At the minimum of average cost, the marginal cost curve intersects the average cost curve. This is because when marginal cost is above average cost, average cost is decreasing and when marginal cost is below average cost, average cost is decreasing.

6 0
3 years ago
Read 2 more answers
True or False - Taxation is the most obvious disruption to the circular flow free market model.
aniked [119]

Answer:

True

Explanation:

Because it is

8 0
3 years ago
Please help me quickly
zhannawk [14.2K]

Answer:

in all my school years i never seen this and i am in 12th grade

8 0
3 years ago
Caroline pays 15% taxes on dividends and capital gains and 35% taxes on ordinary income. Three years ago, she purchased 100 shar
Lilit [14]

Answer:

The answer is: B) $175

Explanation:

Caroline made an income of $500 from this transaction and it should be taxed at ordinary income rate (35%).

Caroline´s taxes = $500 x 35% = $175

In order for Caroline to be taxed at 15% (capital gains rate) she should have sold a capital asset that she had owned for more than one year, but in this case she didn´t sell any stock.

8 0
2 years ago
Rachel borrows money from her bank to buy a car. What type of bank service
Naya [18.7K]

Answer:

D

Explanation:

A loan refers to money borrowed by people or organisations from the bank

8 0
2 years ago
Other questions:
  • Distinguish between the substitution and income effects of a price change. If a good’s price increases does each effect have a p
    13·1 answer
  • Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be
    12·1 answer
  • "Find the amount of each payment to be made into a sinking fund which earns 7​% compounded quarterly and produces ​$50 comma 000
    6·1 answer
  • Workforce is defined as . Answer Choices A. employees, volunteers, trainees and other persons whose conduct, in the performance
    10·1 answer
  • The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent un
    8·1 answer
  • What size hammer makes a good jig for finding the height of an outlet box?
    15·1 answer
  • The construction industry uses which of the pricing methods
    5·1 answer
  • "Minimum wage laws cause unemployment because the legal minimum wage is set" 9) A) above the market wage, causing labor demand t
    13·1 answer
  • Using money prices to compare relative values of goods and services represents money functioning as a?
    14·1 answer
  • if you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!