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3 years ago

Chavez Corporation reported the following data for the month of July:

Business

2 answers:

Alchen [17]3 years ago

8 0

Answer:

Direct Material Cost for July=$60,600

Explanation:

The direct materials cost for July is is calculated as:

Raw Material in the beginning=$34000

Additional Raw materials purchases=$69500

Total Raw material Available=Raw Material in the beginning+Additional Raw materials purchases

Total Raw material Available=$34000+$69500

Total Raw material Available=$103500

Ending Raw material=$33500

Raw material used in production=Total Raw material Available-Ending Raw material

Raw material used in production=$103500-$33500

Raw material used in production=$70000

Indirect materials included in manufacturing=$9400

Direct Material Cost=Raw material used in production-Indirect materials included in manufacturing

Direct Material Cost=$70000-$9400

Direct Material Cost=$60,600

soldier1979 [14.2K]3 years ago

3 0

Answer:

The direct materials cost for July is $ 70,000

Explanation:

Direct Materials

Raw Materials Opening Inventory =$ 34,000

Add Purchases Raw Materials = $ 69,500

Less Ending Inventory Raw Materials= $ 33,500

Direct Materials cost available for use = $ 70,000

(Assume all raw materials are direct materials.)

Add Direct Labour = $ 94,500

Add Manufacturing Overheads = $ 53,100 ( 62,500- 9,400)

Opening Work In Process = $ 19,500

Less Ending Work In Process = $ 24,000

Work In Process $ 213,100

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Answer:

If you enter a road from a driveway, alley or roadside you must:

Yield to vehicles already on the main road.

Explanation:

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In the following cases the right of way has to be yielded;

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5. When one needs to turn left into the main road, one needs to yield to oncoming vehicles on the main road

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In our case, rule number four applies since one needs to enter from a driveway alley or roadside to the main road. This means that one on the driveway needs to yield to vehicles already on the main road.

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3 years ago

Read 2 more answers

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JulsSmile [24]

Depreciation is the correct answer

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2 years ago

a group of students is measuring the numbers of papers bag brought to a recycling center in a single day. what are the students

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3 years ago

Zoe Corporation has the following information for the month of March: cost of direct materials used in product $15,401,direct la

bija089 [108]

Answers:

Calculation of cost of goods manufactured:

Particulars Amount(in $)

Cost of direct material $15,401

Add: Direct labour $24,583

Add: Factory overhead $35,335

Add: Work In process inventory, March 1 $20,021

Less: Work in process inventory, March 31 $20,681

Cost of goods manufactured $74,659

Calculation of Cost of goods sold:

Particulars Amount(in $)

Cost of goods manufactured $74,659

Add: Finished goods inventory, March 1 $24,889

Less: Finished goods inventory, March 31 $27,311

Cost of goods sold $72,237

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3 years ago

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Answer:

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