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
Rasek [7]
3 years ago
6

If the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,

000, an overhead cost is $309,000, and the ending work in process inventory is $45,000, calculate the cost of goods manufactured:
Business
1 answer:
posledela3 years ago
5 0

Answer:

The cost of goods manufactured is $860,000

Explanation:

The cost of goods manufactured = The cost of the beginning work in process inventory + direct materials cost + direct labor cost + overhead cost - the ending work in process inventory.

The company has the cost of the beginning work in process inventory is $50,000, direct materials cost is $340,000, direct labor cost is $206,000, an overhead cost is $309,000, and the ending work in process inventory is $45,000

The cost of goods manufactured = $50,000 + $340,000 + $206,000 + $309,000 - $45,000 = $860,000

You might be interested in
If you encounter a process that has limited flexibility, shorter lead times, and cheaper products, customization most likely is
lord [1]

Answer: late in the supply chain

Explanation:

Assemble to order refers to a strategy whereby the products ordered by customers are manufactured quickly while they are customizable to an extent

Even though the basic parts of the product are manufactured already, they're not yet assembled until an order comes in.

If a process that has limited flexibility, shorter lead times, and cheaper products, customization most likely is occuring late in the supply chain.

7 0
3 years ago
Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income stateme
Serhud [2]

Answer:

$636,364

Explanation:

Calculation to determine what The break-even point for Gardner Corporation for the current year is

First step is to calculate the Variable costs

Variable costs = $250,000 + $150,000 + $75,000 + $200,000

Variable costs = $675,000

Second step is to calculate the Contribution margin ratio

Contribution margin ratio = (Sales - Variable costs) / Sales

Contribution margin ratio= ($1,500,000 - $675,000) / $1,500,000

Contribution margin ratio= 0.55*100

Contribution margin ratio = 55%

Now let calculate the Break-even point

Break-even point = Fixed costs / Contribution margin ratio

Break-even point= ($100,000 + $250,000) / 0.55

Break-even point = $636,364

Therefore The break-even point (rounded to the nearest dollar) for Gardner Corporation for the current year is:$636,364

6 0
3 years ago
"Given the following information from Cullumber Corporation, what price would the CAPM predict that the company’s stock will tra
Natasha_Volkova [10]

Answer:

$68.70

Explanation:

Risk free rate: 3.6 %

Market risk premium: 8.6 %

Beta: 0.65

Current stock price: $64.60

Annual dividend: $1.84

The expected rate of return = 3.6% + 0.65*8.6%

The expected rate of return = 0.036 + 0.0559

The expected rate of return =  0.0919

The expected rate of return = 9.19%

Required return = (P1-P0+Dividends)/P0

9.19% =  [(Price + 1.84)/64.60 ] - 1

9.19% + 1 = (Price + 1.84)/64.60

64.60*(0.0919 + 1) = Price + 1.84

70.53674 = Price + 1.84

Price = 70.53674 - 1.84

Price = $68.69674

Price = $68.70

5 0
3 years ago
How do you calculate a company's net worth?
Musya8 [376]
Answer: d
To find a companies net worth you subtract total liabilities from total assets
Your welcome…
5 0
2 years ago
What does reliability ensure? A. The system has the ability to operate in many different operating systems B. The system is easy
PolarNik [594]

Answer:

C. The system is functioning correctly and providing accurate information

Explanation:

Reliability refers to the ability of a system or a machine to perform its intended function with minimal or nil breakdown.  Consistency and validity of data from the performance of a system or a piece of equipment indicate its reliability. It is the possibility of failure-free operation of a system.

Reliability will, therefore, ensure a system is performing its function with minimal interruptions resulting from failures. It guarantees consistency in the results from operations. With reliability, production happens when it is needed.

5 0
3 years ago
Other questions:
  • The federal reserve is comprised of how many nationwide districts?
    12·1 answer
  • Melissa purchases a dvd player at a store that sells refurbished merchandise. the store has a big sign stating "caveat emptor" p
    12·1 answer
  • Bayside Coatings Company purchased waterproofing equipment on January 2, 20Y4, for $190,000. The equipment was expected to have
    6·1 answer
  • Stock A's stock has a beta of 1.30, and its required return is 12.00%. Stock B's beta is 0.80. If the risk-free rate is 4.75%, w
    14·1 answer
  • Which of the following is a false statement regarding a sole proprietorship?
    9·1 answer
  • Hodgkiss Mfg., Inc., is currently operating at only 94 percent of fixed asset capacity. Current sales are $840,000. Fixed assets
    13·1 answer
  • Marginal cost ______(A) Is the change in total output from hiring one more factor of production.(B) Is the change in total cost
    9·1 answer
  • A manager in your organization just received a special order at a price that is "below cost." The manager points to the document
    10·1 answer
  • Companies use lots of different strategies to market their products. Many companies have found that supporting relevant charitie
    11·1 answer
  • Which extended ERP component collects information used throughout an organization, organizes it, and applies analytical tools to
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!