Answer:
$147,400
Explanation:
The computation of the cost of goods manufactured is shown below:
= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory
= $56,400 + $30,100 + $52,400 + $29,000 - $20,500
= $147,400
We considered the applied manufacturing overhead cost instead of actual manufacturing cost
Answer:
Option (B) is correct.
Explanation:
Given that,
Net income = 50,000
Preferred dividend = 2,000
Outstanding common stock:
= (40,000 × 2) + (10,000 × 6/12 × 2)
= 80,000 + 10,000
= 90,000
2016 basic earnings per share:
= (Net income - Preferred dividend) ÷ Outstanding common stock
= (50,000 - 2,000) ÷ 90,000
= 48,000 ÷ 90,000
= $0.53 per share
Therefore, the 2016 basic earnings per share is $0.53.
Five Industries as being highly competitive and their barriers to entry.Farming and farm supplies — the barriers are the cost of land and machinery or in the case of chemical applications, licensing.
Consumer electronics – the barriers are brand loyalty or control of essential factors of production. Dry cleaners – Barriers are the availability of suitable locations (near residential areas and properly zoned) and the availability of equipment, in addition to high start-up costs.
Internet Service Providers – the barriers of the internet service providers are the knowledge of running a server, cost of a dedicated trunk line for access to the telephone network and the cost of purchasing a computer server.
Taxi service – the barriers include the need for taxi medallions, which must be acquired through an expensive legal proceeding or purchased from existing companies.