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
eimsori [14]
4 years ago
12

Compute the amount of gross profit from the sales in July. (Hint: Add any underapplied overhead to, or deduct any overapplied ov

erhead from, the cost of goods sold.)
Business
1 answer:
sasho [114]4 years ago
3 0

Answer:

Gross profit = $790000

Explanation:

Suppose:

Sales = 1000000

Cost of goods sold = 200000

Actual overhead = 100000

Direct labor used = 15000 hours

Predetermined rate = $ 6 per hour

Computation of gross profit:

         Sales =                                                                             1000000

less:<u> Cost of goods sold</u>                    =200000      

Add: under applied overhead (w#1) = <u>10000</u>

                                                                                                 (<u>210000</u>)

                Gross profit                                                              790000

(w#1) Applied overhead = Actual labour hours * predetermined rate

                                         = 15000 * 6 = $90000.

   Actual overhead                              =  <u>100000</u>

Under applied overhead                          10000

You might be interested in
Ravenshaw Corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw Corp. is most li
maxonik [38]

Answer:

The correct answer is A) geographic organization .

Explanation:

A geographic organization of a corporation is a structure that is used more than anything else in the sales area, and where it seeks to massify and maximize the process of insertion and sale of a product taking into account the characteristics of each country. Experts with international experience are generally hired within this distribution, which allows for a more or less successful process, but not before carefully studying the market in order to achieve the proposed objectives.

6 0
3 years ago
had $18,750 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 9.5%, a
Allisa [31]

Answer:

$1,503.75

Explanation:

Sales $12,500

Operating costs $7,025

Operating income (EBIT) $5,475

WACC 9.5%

Tax rate 40%

Investor-supplied capital $18,750

EVA = EBIT(1 - T) - Investor Capital × WACC

EVA = $3,285.00 -$1,781.25

EVA = $1,503.75

Therefore the management add $1,503.75 value to stockholders' wealth during the year.

5 0
3 years ago
How can being involved in extracurricular activities help you stand out on your college application?​
V125BC [204]

Answer:

Extracurriculars such as clubs, community service organizations, and sports help you stand out on college apps because it shows you can handle more than just school. it also shows involvement in your school or community and dedication. not everyone is in an extracurricular so being in one makes you different from others.

Explanation:

8 0
3 years ago
Ace Bonding Company purchased inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Ac
STatiana [176]

Answer:

The inventory should be registered as $2000

Explanation:

The inventory should be registered by it is acquisition cost. Once sold Inventory will go down bt $2000 and COGS will rise by $2000

3 0
3 years ago
The value of what type of money comes from what it is made of?
vladimir1956 [14]

Answer:

a.representative money

Explanation:

sure po ako dyan na ayan po ang sagot maraming salamat po

3 0
3 years ago
Other questions:
  • Assume that a piece of land is currently valued at $50,000. If this piece of land is expected to appreciate at an annual rate of
    7·1 answer
  • 1) When there is uncertainty in the marketplace, what happens to yield spreads and why?2) Why do venture capital companies often
    14·1 answer
  • XYZ Corporation has a 6 1/2% convertible bond outstanding that is convertible into 40 shares of common stock. The bond is curren
    10·1 answer
  • Checking accounts at a local bank carry an average balance of $3,000. The bank turns over its balance 6 times a year.
    14·1 answer
  • Procter &amp; Gamble is a consumer products company. It launches many new products every year. The team for each new product mus
    7·1 answer
  • You are working as a medical administrative assistant at Saint Catherine Children’s Hospital. Janet, your supervisor, asks you t
    14·2 answers
  • True or False: In the event of a skyjacking, you should immediately attempt to subdue the skyjackers
    11·1 answer
  • Desert Company purchased land to be used as a factory site for $1,250,000. Desert paid $120,000 to tear down two buildings on th
    7·1 answer
  • Which career is best described by someone who organizes and tracks merchandise during storage and display?
    5·1 answer
  • (24^0)+(4^0). solve this problem fast​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!