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
GaryK [48]
3 years ago
11

Consider Derek's budget information: materials to be used, $64,750; direct labor, $198,400; factory overhead, $394,800; work in

process inventory on January 1, $189,100; and work in progress inventory on December 31, $197,600. What is the budgeted cost of goods manufactured for the year? a.$1,044,650 b.$657,950 c.$649,450 d.$197,600
Business
1 answer:
natita [175]3 years ago
3 0

Answer:

Option (c) is correct.

Explanation:

Given that,

Materials to be used = $64,750;

Direct labor = $198,400;

Factory overhead = $394,800;

Work in process inventory on January 1, = $189,100;

Work in progress inventory on December 31, = $197,600

Firstly, we are calculating the manufacturing cost by adding direct material, direct labor cost and factory overhead. It is calculated as follows:

= Direct material + Direct labor + Factory overhead

= $64,750 + $198,400 + $394,800

= $657,950

Cost of goods manufactured determine the value of goods produced during a period of time. It refers to the cost that is incurred to convert the raw material into the finished goods.

Therefore, the cost of goods manufactured is calculated as follows:

= Manufacturing cost + Opening work in process - Closing work in in process inventory

= $657,950 + $189,100 - $197,600

= $649,450

You might be interested in
Suppose that you are the vice president of marketing for Target, the large retail store chain. You want to keep your website and
marysya [2.9K]
<h2>wireless payments from mobile devices.</h2>

Explanation:

Now the trend is cashless. Everybody has smart phones and people are willing to pay through various money transfer application. So according to the given situation Vice president should choose wireless payments from mobile devices.

Option A: Correct answer

Option B: Social media application can only be used to promote product and not payment so far.

Option C: Desktop will still be present since it is not only mobile apps that is existing. May are using websites for payment

Option D & E: invalid choice.

5 0
3 years ago
Equipment was purchased for $145500. Freight charges amounted to $6500 and there was a cost of $12000 for building a foundation
andrey2020 [161]

Answer:

$26800

Explanation:

Total cost to be capitalized for the assets

= 145500 + 6500 +12000

= $164000

Estimated useful life = 5 years

Salvage value = $30000

Using the straight-line method,

Annual Depreciation = (Cost - Salvage value)/ Number of years

                                   = (164000 - 30000)/5

                                   = 134000/5

                                   = $26800

7 0
3 years ago
Windsor, Inc. just began business and made the following four inventory purchases in June:
alisha [4.7K]

Answer:

c. the average cost method.

Explanation:

Windsor INC. purchased inventory during the month of June as follows:

June 1 129 units at $890

June 10 172 units at $1340

June 15 172 units at $1440

June 28 129 units at $ 1140

and at the end of the period, there are 180 units on hand.

In order to get highest gross profit the closing sock should be the highest, accordingly the value of inventory at hand should as as follows under different method explain below:

Under FIFO method the inventory first enter into the enterprise is available for sale at first so the inventory of 180 units at end should be values at the last price mentioned in the question i.e $1140, therefore the value amounts to $1140*180 units=$205200

Under LIFO method, likewise the last entered inventory will be available for sale and the inventory at the end of period will be valued at the price at which the inventory first bought i.e $890, therefore the value amounts to 180 units*$890=$160200

Under Average cost method the effect of differential price is distributed over the quantity bough during a period so that the company remains in ineffective condition during the period from the price change

Average cost per unit= (129*$890 +172*$1340+ 172*$1440+129*$1140)/602 units

=$1229.29

and for the 180 units the value amounts to 180*$122.29=$221271.429

so, as per explanation given above, it is certain that the highest value will be in average cost method.

The correct option is - c. the average cost method.

5 0
3 years ago
All of the following are benefits provided by monsoons in South and Southeast Asia, except __________. A. increased flooding B.
Aleonysh [2.5K]

The Correct answer is Increased Flooding which is Option A.

A flood is the accumulation of water over normally dry land. It’s caused by the overflow of inland waters (like rivers and streams) or tidal waters, or by an unusual accumulation of water from sources such as heavy rains or dam or levee breaches.

<h3><u>Why Increased Flooding is an exception and not a benefit?</u></h3>
  • Floods are the most common (and among the most deadly) natural disasters in India. They have brought destruction to every state and nearly every county, and in many areas they are getting worse. As global warming continues to exacerbate sea level rise and extreme weather.
  • This occurs when a river or stream overflows its natural banks and inundates normally dry land. Most common in late winter and early spring, river flooding can result from heavy rainfall, rapidly melting snow, or ice jams.

Increased Flooding is the only drawback of monsoons among other 3.

Following are the mentioned benefits.:-

B) The provision of needing water - there is enough amount of water.

C) Improved economy - Improvement of a greater economy.

D) Greater food Production - Monsoon helps in greater food production.

To know more about Flooding, check the given links.

brainly.com/question/12686086

#SPJ4

7 0
2 years ago
Jane is a very intelligent graduate of FIN 3601. As such, she knows she should will start contributing into her company's retire
labwork [276]

Answer:

The amount that Jane will have in her retirement account 30 years from now is $943,650.37.

Explanation:

Jane’s monthly savings = $250

Amount added monthly by Jane’s firm = Jane’s monthly savings * Amount added by Jane’s firm for every dollar = $250 * $0.50 = $125

Total monthly savings to Jane’s 401(k) = Jane’s monthly savings + Amount added monthly by Jane’s firm = $250 + 125 = $375

Since Jane decides to allocate $250 at the end of each month into her 401(k), this implies the relevant formula to use to calculate the amount Jane will have in her retirement account 30 years from now is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount that Jane will have in her retirement account 30 years from now = ?

M = Total monthly savings to Jane’s 401(k) = $375

r = Average monthly interest rate = Average annual interest rate / 12 = 10.50% / 12 = 0.1050 / 12 = 0.00875

n = number of months = number of years * number of months in a year = 30 * 12 = 360

Substituting the values into equation (1), we have:

FV = $375 * (((1 +0.00875r)^360 - 1) / 0.00875) = $375 * 2,516.40 = $943,650.37

Therefore, the amount that Jane will have in her retirement account 30 years from now is $943,650.37.

5 0
3 years ago
Other questions:
  • ane is planning to offer a Groupon for inner tube rentals that she will distribute on hot, sunny, summer days by the river that
    14·1 answer
  • The following data are given for Bahia Company: Budgeted production (at 100% of normal capacity) 1,000 units Actual production 9
    8·1 answer
  • Suppose a period of continuous political instability leads people to believe that the economy will slide into a deep recession.
    9·1 answer
  • A small office building produces NOI of $8,995 per year. We intend to buy the property, if the price is right, and hold it for f
    15·1 answer
  • North Shore Community College reimburses faculty members $.298 per mile to go to a workshop. Professor Wales submitted her trave
    10·1 answer
  • The gdp deflator can be used to calculate the inflation rate. True or False
    15·1 answer
  • According to the United Nations’ stages of economic development for classifying countries based on levels of industrialization,
    15·2 answers
  • In the context of loss aversion, identify a true statement about sunk-cost fallacy. Multiple Choice People are reluctant to give
    11·1 answer
  • What allows a customer to customize their own travel package​
    11·1 answer
  • A student should first borrow federal loans because of:_______
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!