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
Anon25 [30]
3 years ago
12

Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou

nt at the beginning of the month was $58,000 and at the end of the month was $30,600. The cost of goods manufactured for the month was $215,000. The actual manufacturing overhead cost incurred was $56,800 and the manufacturing overhead cost applied to Work in Process was $60,400. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:
Business
1 answer:
vodka [1.7K]3 years ago
8 0

Answer: $‭238,800‬

Explanation:

Adjusted Cost of Goods for November = Beginning Finished good inventory + Cost of goods manufactured  - Ending Finished goods inventory - Overapplied Overheads

Overapplied Overhead = Overhead applied - Actual Overhead

= 60,400 - 56,800

= $3,600

Adjusted Cost of Goods for November = 58,000 + 215,000 - 30,600 - 3,600

= $‭238,800‬

You might be interested in
The discount rate assigned to an individual project should be based on: Group of answer choices the firm's weighted average cost
Inessa05 [86]

Answer:

none of the choices are correct

Explanation:

When the discount rate assigned for an individual project then it should be based on the risk i.e attached to the fund use needed by the project

There were various cases when a risky firm invested in a less risky project also if the same cost of capital is used so the firm could alter the decision of an investment in a negative manner

Therefore none of the choices are correct

3 0
3 years ago
The strength of a cluster can be measured by comparing the average distance in a cluster to the distance between cluster centroi
swat32

Answer:

The options for this question are the following:

a. 1

b. 2

c. 0.5

d. 1.5

The correct answer is a. 1 .

Explanation:

Group analysis or grouping is the task of grouping a set of objects in such a way that the members of the same group (called a cluster) are more similar, in some sense or another. It is the main task of exploratory data mining and is a common technique in the analysis of statistical data. It is also used in multiple fields such as machine learning, pattern recognition, image analysis, information search and retrieval, bioinformatics, data compression and graphic computing.

Group analysis is not in itself a specific algorithm, but the task pending solution. Clustering can be done using several algorithms that differ significantly in your idea of ​​what constitutes a group and how to find them efficiently. Classical group ideas include small distances between members of the group, dense areas of the data space, intervals or particular statistical distributions. Clustering, therefore, can be formulated as a multi-objective optimization problem. The appropriate algorithm and the values ​​of the parameters (including values ​​such as the distance function to use, a density threshold or the number of expected groups) depend on the set of data analyzed and the use that will be given to the results. Grouping as such is not an automatic task, but an iterative process of data mining or interactive multi-objective optimization that involves trial and failure. It will often be necessary to pre-process the data and adjust the model parameters until the result has the desired properties.

7 0
3 years ago
Why does economics exist?
aleksley [76]

deals with the production, distribution, and consumption of goods and services.

6 0
3 years ago
Read 2 more answers
Use two correctly labeled side-by-side graphs of the loanable funds market in the United States and China to show how a higher i
dusya [7]

Answer:

Figure is given below.

Explanation:

The graph of United states and china is as follows :

3 0
3 years ago
Assume 100 units were completed and transferred out during the period. The 140 units left in ending WIP are 10​% complete with r
vlada-n [284]

<u>The answer is (e) none of the above</u>

Explanation:

<u>The formula for calculating the  total equivalent units for conversion costs =</u>

<u>A+B*C</u>

A = units transferred out to the next department/finished goods

B = units in closing work in process

C = percentage of completion with respect to the relevant cost component

Given that

A=100

B=140

C=10/100

<u>Total equivalent units for a cost component </u>=100+140*10/100

=>100+140*1/10

=>100+14=114

<u>So ,the answer of the above question is (e) None of these</u>

7 0
3 years ago
Other questions:
  • A company must decide between scrapping or reworking units that do not pass inspection. The company has 13,000 defective units t
    11·1 answer
  • According to federal regulations research is eligible for exemption if
    10·1 answer
  • X-Mart uses the perpetual inventory system to account for its merchandise. On June 1, it sold $7,000 of merchandise for cash. Th
    9·2 answers
  • ohn wants to start his own fruit juice and beverage company. He is aware of the large number of competitors in this industry and
    13·1 answer
  • After reviewing the reports of long-term changes in the macroenvironment, you must pick one element that you think Gerlach shoul
    12·1 answer
  • Assume Worldwide Cleaning Service had net income of $ 900 for the year. Worldwide Cleaning​ Service's beginning and ending total
    13·1 answer
  • Samuelson will produce 20,000 units in January using level production. If each unit costs $500 to manufacture, what is the dolla
    6·1 answer
  • We all have our own reasons for investing. For some it may be to provide for a child’s education, while for others it may acquir
    9·2 answers
  • Assume that production will increase to 32,000 jars of salsa during june. by how much will the production cost increase compared
    5·1 answer
  • What economic theory would be most likely to make a person oppose taxing imports?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!