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stepan [7]
3 years ago
6

During the​ year, direct labor costs of​ $30,000 were​ incurred, manufacturing overhead totaled ​$42,000, materials purchased we

re​ $27,000, and selling and administrative costs were​ $22,000. Champagne sold​ 25,000 units of product during the year at a sales price of​ $5.00 per unit. What were the total manufacturing costs for the year assuming ​$2 comma 653 of indirect materials were used during the​ period?
Business
1 answer:
andriy [413]3 years ago
4 0

Answer:

Total Manufacturing Cost = $96,347

Explanation:

Total manufacturing cost include all the costs related directly to the production, and does not include any indirect costs, or cost of selling and administration.

Thus, for the information provided we have,

Since not provided assumed no opening and closing inventory.

Total manufacturing cost =

Direct Labor Cost $30,000

Add: Manufacturing Overhead $42,000

Add: Materials Purchased $27,000

Less: Indirect Material included = ($2,653)

Total Manufacturing Cost = $96,347

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In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600,
stepladder [879]

Answer:

Talikastan's exports in 2015 is $ 300.

Explanation:

This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.

GDP  = consumption + investment +  spending + (exports – imports)

8800 = 5300 + 2000 + 1800 + export - 600

Export = $ 300

3 0
3 years ago
A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and
romanna [79]
Explicit costs are business expenses that are easily identifiable and can be accounted for.

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5 0
3 years ago
Work environment includes physical and social surroundings of work.
weqwewe [10]

Answer:

You must consider the physical aspects of different work environments when choosing a career.

5 0
3 years ago
(Ignore income taxes in this problem.) The Sawyer Corporation has $145,000 to invest and is considering two different projects,
Ivan

Answer: -$‭20,529.6‬0

Explanation:

Net Present value of Y = Present Value of Inflows - Present value of Outflows

Present Value of Y inflows

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Present value of annuity = Annuity * Present value interest factor, 9%, 5 years

= 32,000  * 3.8897

= $‭124,470.4‬0

Net Present Value = 124,470.4‬0 - 145,000

= -$‭20,529.6‬0

7 0
4 years ago
Markets and competition Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly c
Nadya [2.5K]

Answer:

The answer is true.

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The sellers in the perfectly competitive market become price takers as they have to sell under the price decided in the market through supply and demand.

This is mainly because there is no way to differentiate the product to change the price. Since all goods are identical, one good is a perfect substitute for another.

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