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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

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The sales team at Rue and West Bros., a logistic company, has successfully met its target for profits specified last year. Upon
Vinil7 [7]

Answer:

The sales team will move to the <u>Transforming</u> stage of group development

Explanation:

Bruce Tuckman developed 5 stages of group development.

1) Forming Stage - In this stage the team required high degree of guidance from the manager also the role are unclear in this stage and processes are also not well established.

2) Storming Stage - In this stage the group starts understanding how team decisions are made and purposes in this stage are very clear but the team relationship need to be bonded yet.

3) Norming Stage - In this stage teams relationships starts to bond and understood by the group all members are committed to the team goals and starts trying to achieve it as a team.

4) Performing Stage - In this stage Teams are committed to perform well and the focuses are bends towards the strategies that are made by team to achieve goal and bound with little oversight.

5) Adjourning/ Transforming Stage- In this basically after achieving the  goals/target team starts breaking up is known as Adjourning stage and the stage at which after achieving the goal the teams move forward to achieve goal and set new targets is known as <u>Transforming stage.</u>

4 0
3 years ago
When the price of an inferior good​ falls, the substitution effect leads to​ ________ in the quantity purchased and the income e
hammer [34]
When the price of an inferior good falls, the substitution effect leads to an increase in the quantity purchased and the income effect leads to a decrease in the quantity purchased. 

An inferior good is something consumers would purchase only if they had more income so if the price falls, customers are able to afford to use this product as a substitute to an item of lower price that they currently purchase. 
4 0
3 years ago
Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following?a.The v
N76 [4]

Answer:

D: All of the above

Explanation:

D. All of the above may be considered an appropriate action depending on the type of violation and the sponsoring partner’s corrective actions.

Failure to comply with these standards could result in, but is not limited to, the following:

• Your removal from all VITA/TCE Programs;

• Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely;

• Deactivation of your sponsoring partner’s site VITA/TCE EFIN (electronic filing ID number);

• Removal of all IRS products, supplies, loaned equipment, and taxpayer information from your  site;

• Termination of your sponsoring organization’s partnership with the IRS;

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7 0
3 years ago
Kellogg's has several cereals targeted at different types of users. This is an example of multiple products aimed at multiple ma
AleksAgata [21]

Answer:

The correct answer is number "3": doesn't reduce quality or increase price.

Explanation:

Different groups of people within a market imply different needs and preferences pushing companies to diversify in order to fulfill them. Though, one of the main characteristics of that diversification must be accessibility. Companies expect to gain in sales thanks to the segmentation of the market but not necessarily by increasing the price of the new products being sold or decreasing their quality.

3 0
3 years ago
A process with completed and transferred out 28,000 units during a period and had 14,000 units in the ending work in process tha
mestny [16]

Answer:

35,000 equivalent units

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

To compute as

Equivalent Units = Degree of completion (%) × units

Items          Units            Workings                 E.U

Completed   28,000     28,000× 100%        28,000

Closing WIP     14,000     14,000 × 50%         7,000

Total equivalent units                                   35000

The total equivalents for conversion cost

= 28,000 + 7,000

= 35,000

8 0
3 years ago
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