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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

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How can professional education improve the life of people​
devlian [24]

The education or educational programs which helps us to get the required practical and theoretical knowledge is called professional education. If we are provided with professional education it helps us to improve the lifestyle of people. We get job according to our knowledge. Which means if we have got professional education it helps us to get better job which provides us with good amount of money. And if we provided with better money our standard of living becomes good.

3 0
2 years ago
Strait Co. manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total
AlekseyPX

Answer:

c. $52,670

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per desk = (High cost - low cost) ÷ (Highest production - lowest production)

= ($82,700 - $63,300) ÷ (3,500 desk - 1,240 desk)

= $19,400 ÷ 2,260 desk

= $8.58

Now the fixed cost equal to

= High cost - (High production × Variable cost per desk)

= $82,700 - (3,500 desk × $8.58)

= $82,700 - $30,030

= $52,670

6 0
3 years ago
Anheuser-Busch/InBev Company, Inc., has been given the exclusive right to the name Budweiser and is legally protected from other
vichka [17]

Answer:

trademark

Explanation:

A trademark is a property which is intellectually a sign or a design which helps in the recognition of the product. The design or sign which particularly defines and helps in the identification of a product is said to be a trademark of a product. A trademark can be found on the location of the packaging, label or the product. Legally, it is recognized as intellectual property.

3 0
3 years ago
A major lottery advertises that it pays the winner $10 million. However, this prize money is paid at the rate of $ 500,000 each
My name is Ann [436]

Answer:

We have to discount these payments to find the present value

500,000

500,000/1.1

500,000/1.1^2

500,000/1.1^3

We keep on doing this until we reach 500,000/1.1^19

After that we add all the payments and get the value. A less time consuming way of doing it is using a financial calculator

Pv=?

N=19

FV=0

PMT=500,000

=4,182,460.05 we add 500,000 to this because the first payment was not discounted=4,682,460.05= Present Value.

Explanation:

8 0
3 years ago
what is the value of a share of common stock using the corporate valuation approach for a company that has outstanding debt and
valentina_108 [34]

Answer:

The current and past missed preferred stock dividend payments must be made before a common stock dividend payment can be made.

Explanation:

4 0
3 years ago
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