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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

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A friend comes to you seeking advice. He got into trouble at work for not being a team player. He really likes his job and isn’t
Oksanka [162]

Answer:

well he should apologize to his boss and everyone he wasn't a team player to because someone must have told his boss, and then proceed to say he with work with others better and mean it. hope this helps your "friend"

Explanation:

3 0
3 years ago
How has Chinese economic growth benefited the Australian economy?
Radda [10]

Answer:

First, rising wages and consumer demand will increase demand for more sophisticated manufactured goods (where Australia has some niches of excellence, for example, in medical devices) and for services such as tourism (where China is already an important market).

( I found this on a website called Aph.gov.au

full credit to them and their work. Check them out for more info on your topic)

8 0
4 years ago
Forty-three percent of Americans use social media and other websites to voice their opinions about
rjkz [21]

Answer:

(a) 0.2896 (b) 0.5029 (c)0.5758 (d)In this case they are dependent  because the gender is segregated as social media user or not as asocial media worker. the probability and variable is tied to it

Explanation:

Solution

(a)In a survey of 1,364 people, 395 were females who used social media and 232 did not. of males 232 use social media and 355 did not

To make or develop a probability table, take each group and divide their number by their total for example female that use social media is 395 of a total of 1364

395/1364 =0.2896

The probability that a woman uses social media in the survey is 0.2896

so,

                                  A              B              T

Female                  0.2896       0.2133      0.5029

Male                      0.2368       0.2603     0.4971

Total                      0.5264      0.4736       1.00

(b) To find the probability  of a surveyed person being a female, we divivde the total number of females by the whole number, shown below

686/1364 = 0.5029

(c)Conditional probability is defined using the formula which is shown below:

P(A/B) = P(A∩B)/P(B)-------(1)

Where P(A∩B) is the probability of females that use social media 0.2896 and P(B) is the total female probability which is 0.5029

Now we substitute the values in the equation 1 and calculate the probability as shown below:

P(A/B) = 0.2896/0.5029 =0.5758

the conditional probability that are surveyed person is female and uses social media is 0.5758

(d) In this case they are dependent  because the gender is segregated as social media user or not as asocial media worker. the probability and variable is tied to it

3 0
3 years ago
the probabilities that stock A will rise in price is 0.61 and that stock B will rise in price is 0.39. Further, if stock B rises
Flauer [41]

Answer:

0.7699

Explanation:

The calculation of the probability that at least one stocks is shown below :-

∩ represents the interaction of sets.

while

∪ represents the set of all elements in the collections.

So,

P(A ∩ B) = P(B) × P(A ÷ B)

= 0.39 × 0.59

= 0.2301

P(A ∪ B) = P(A) + P(B) - P(A ∩ B)

= 0.61 + 0.39 - 0.2301

= 1 - 0.2301

= 0.7699

4 0
3 years ago
Which of the following refers to a process of developing distribution​ objectives, evaluating internal and external environmenta
german

Answer:

The correct answer is E. Distribution planning.

Explanation:

Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.

5 0
4 years ago
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