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Bingel [31]
3 years ago
5

TB MC Qu. 4-58 Randall Company manufactures products to ... Randall Company manufactures products to customer specifications. A

job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 December 31 Direct materials $ 80,000 $ 43,000 Work in process 69,000 45,000 Finished goods 118,000 103,000 Other information Direct materials purchases $ 327,000 Cost of goods available for sale 956,000 Actual factory overhead costs 263,000 The cost of goods manufactured during the year is:
Business
1 answer:
Ket [755]3 years ago
5 0

Answer:

Cost of goods manufactured= $838,000

Explanation:

Giving the following information:

Factory overhead cost was applied at 125% of direct labor cost.

January 1:

Direct materials $ 80,000

Work in process 69,000

Finished goods 118,000

December 31:

Direct materials $43,000

Work in process $45,000

Finished goods $103,000

Direct materials purchases $ 327,000

Cost of good available for sale= 956,000

Cost of good available for sale= beginning finished inventory + cost of goods manufactured

956,000= 118,000 + X

Cost of goods manufactured= $838,000

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Advertising would be something over the world or state country etc that many people will see something that is advertised on tv or a bill board, personal selling would be something that your showing off on your on like on ebay etc that isnt sponsered by any companys and is for your own doing . Hope this helped ! (:
6 0
3 years ago
Antonio has $11.00 to spend on a lunch consisting of hamburgers ($1.50 each) and French fries ($1.00 per order). Antonio's satis
saveliy_v [14]

Answer: <em>$4. 71 hamburger and $6.29 French fries. </em>

Explanation:

Total spendable income of Antonio = $11.00  

1 hamburger = $1.50

1 order of French fries = $1.00

Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries

Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00

                                                                                      = $3.50 per lunch  

Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71

And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29

<em>Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries. </em>

3 0
4 years ago
Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she
Ipatiy [6.2K]

Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she had originally hoped, but she was willing to accept the extra weight for a computer with a bigger, clearer screen.

Karen made her purchase decision using a compensatory decision rule.

In psychology, compensation is a approach whereby one covers up, consciously or unconsciously, weaknesses, frustrations, goals, or feelings of inadequacy or incompetence in a single life area thru the gratification or (drive toward) excellence in some other area. compensation can cowl up both real or imagined deficiencies and personal or bodily inferiority. fantastic compensations may additionally help one to conquer one's problems. then again, bad compensations do not, which ends up in a strengthened feeling of inferiority.

Learn more about compensatory here

brainly.com/question/4395083

#SPJ4

8 0
2 years ago
The operation and maintenance of a company warehouse is an example of which component of the business process?
Serjik [45]
Facilities....................................................................................................................................................
3 0
4 years ago
In 1985, Alice paid $20,000 for an option to purchase ten acres of land. By paying the $20,000, she bought the right to buy the
nata0808 [166]

Answer:

Alice should exercise the option and pay $100,000 for the land.

Explanation:

As Alice has paid $20,000 for the option to acquire the land of ten acres.

In 1985, the worth of land was $120,000 but in 1992, the worth changed to $110,000. She should exercise the option because the inflation rate is the reason in the decrease in the worth of land. By buying the land, she can utilize the land by investing in it instead of holding the money as it will depreciate. By investing the money, she will get the profit and will increase in her wealth. Moreover, she can use other options by selling to another person after adding some value to the land and can get the profit.

8 0
3 years ago
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