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
Dmitriy789 [7]
3 years ago
11

Robinson Manufacturing found the following information in its accounting records: $523,000 of direct materials used, $215,000 of

direct labor, and $774,500 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $78,000 and an ending balance of $84,000. Compute the company’s Cost of Goods Manufactured.
Business
1 answer:
cupoosta [38]3 years ago
3 0

Answer:

Company’s Cost of Goods Manufactured = $1,506,500

Explanation:

Use following formula to calculate cost of goods manufactured

Cost of Goods Manufacture = Direct Material cost + Direct labor cost + Manufacturing overhead + Work in process beginning balance - Work in process Ending balance

Cost of Goods Manufacture = $523,000 + $215,000 + $774,500 + $78,000 - $84,000

Cost of Goods Manufacture = $1,506,500

You might be interested in
The basic difference between macroeconomics and microeconomics is:
I am Lyosha [343]

Answer:

The correct answer is option C.

Explanation:

Microeconomics is the branch of economics that studies the behavior of individual economic agents such as a single firm or a single consumer. For instance, it deals with variables such as demand for a single consumer or a supply from a single firm.  

Macroeconomics is that branch of economics that studies the entire economy as a whole. It deals with variables such as inflation, unemployment rate, etc.

3 0
3 years ago
Write a short essay about inventory control( involves kind of inventory reason and approach)​
svlad2 [7]
<h3>Inventory Control</h3>

Inventory control is a process of maintaining the right amount of parts and products in stock to avoid shortages, overstocks, and other expensive problems that might arise in the future.

The purpose of inventory control is to reduce the number of slow-selling products that a company purchases and to increase the number of high-selling products that are purchased. As a result, businesses are able to save time and money. This is because they don't have to spend a lot of time and effort reordering goods that they don't really need, or receiving goods they don't actually need. As an additional benefit, these products are not stored in warehouses at all, which means that transportation costs are reduced and space is freed up for fast-moving finished goods, which is a further benefit.

It is critical to understand that using inventory control can help you avoid making rash decisions, as well as avoiding the pain and expense associated with overstocking your shelves. As its name suggests, inventory control helps you maintain control over your inventory level. This helps you make the best use of your resources and avoid product spoilage and obsolescence.

<em>Hope this helps :)</em>

6 0
2 years ago
The management of Indiana Corporation is considering the purchase of a new machine costing $400,000. The company's desired rate
OLga [1]

Answer:

The average rate of return for this investment is 21%

Explanation:

Average rate of return : The average rate of return shows the ratio between average net income and average initial investment.

Mathematically,

Average rate of return = Average Net income ÷ Average Initial Investment

where Average Net income = Total years of net income ÷ Number of years

= ($100,000 + $60,000 + $30,000 + $10,000 + $10,000) ÷ 5

= $42,000

And, Average Initial Investment = Initial Investment ÷ 2

                                                     = $400,000 ÷ 2

                                                     = $200,000

Now, average rate of return = $42,000 ÷ $200,000

                                              = 21%

Thus, the average rate of return for this investment is 21%

6 0
4 years ago
The causes of frictional unemployment include:
RideAnS [48]

Answer:

The answer to your question is B - Changes of economic structure.

5 0
3 years ago
What is the plan of action used by management to identify how resources will be allocated, how the company will market in its co
VashaNatasha [74]

Answer: c. Strategy

Explanation:

Strategy refers to the means a person hopes to use in order to get something done. A company's strategy therefore will tell how the company will attempt to reach its goals.

It will tell the plan of action that the company will use and how resources will be allocated to satisfy the requirements of the plan. It will also tell how the company hopes to market its goods so as to gain an advantage in the market and generally everything else that the company needs to meets its goals.

7 0
3 years ago
Other questions:
  • Why do junk bonds offer a higher yield than other types of bonds?
    14·1 answer
  • What can communicators do to ensure facts, rather than vague impressions, are shared?
    7·1 answer
  • Consider a bundle of 325 brownies and 300 cookies. How do we label this production bundle?
    15·1 answer
  • At the time when products and services are produced or provided to customers, which functional area is responsible for ensuring
    8·1 answer
  • According to low estimates, we see advertisements every _____ minutes.
    10·1 answer
  • Demand for movie tickets is high on weekends and holidays. to compensate for low ticket sales during the week, some movie theate
    7·1 answer
  • Jabari​ Manufacturing, a widgets manufacturing​ company, divides its production operations into three processeslong - Department
    13·1 answer
  • For each of the following pairs of firms, indicate which firm would be more likely to engage in advertising. Pairs of Firms More
    13·1 answer
  • Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:
    13·1 answer
  • How goal succession takes place? Explain the condition responsible for goal succession​
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!