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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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Parts and materials for skis made by Company C are supplied by two suppliers. Supplier​ A's materials make up 27​% of what is​ u
neonofarm [45]

Answer:

Supplier B more likely supplied the defective materials.

Explanation:

This exercise is solved in four steps:

1. Statistical events are defined:

A = (provider A)

B = (provider B)

D = defective materials

From the problem statement, 27% of the materials used by Company C are provided by supplier A. Therefore:

P (A) = 0.27.

The remaining 73% is provided by supplier B. Therefore:

P (B) = 0.73.

2. Conditional probabilities are established. In other words, what is the probability that the materials are defective? Remember that the "defect" is the condition that most interests the manager.

According to the example, 22% of materials from supplier A are defective. We can formalize this as follows:

P (D / A) = 0.22

On the other hand, 9% of supplier B materials are defective:

P (D / B) = 0.09

3. It will be determined what is the probability that each supplier has provided defective products by applying Bayes´ theorem.

3.1 The probability of this event will be found for supplier A:

The Bayes´ Theorem for this case is:

P (A / D) = \frac{P(A)  P(D/A)}{P(A) P(D/A) + P(B) P(D/B)}

We replace with the data obtained in the previous points (1 and 2):

P (A/D) = \frac{(0.27)(0.22)}{(0.27)(0.22)+(0.73)(0.09)}

P (A/D)= \frac{0.0594}{0.0594+0.0657}

P (A/D) = \frac{0.0594}{0.1251}

P (A / D) = 0.474

That means that approximately 47.4% of defective materials come from supplier A.

3.2 The probability of this event for provider B will be found.

The Bayes´ Theorem for this case is:

P (B/D) = \frac{P(B) P(D/B)}{P(A) P(D/A) + P(B) P(D/B)}

We replace with the data obtained in the previous points (1 and 2):

P (B/D) = \frac{(0.73)(0.09)}{(0.27)(0.22)+(0.73)(0.09)}

P (B/D)= \frac{0.0657}{0.0594+0.0657}

P (B/D) = \frac{0.0657}{0.1251}

P (B / D) = 0.525

That means that approximately 52.5% of the defective materials come from supplier B.

4. Compare the conditional probabilities.

If we compare P (A / D) and P (B / D), we can see that the largest is P (B / D) (47.4 < 52.5). Therefore, supplier B is more likely to have supplied defective materials.

7 0
4 years ago
What are the effects of intentional virus setting?
Olegator [25]
<span>imprisonment, fine, or both, usually depending on where where the criminal act was done.</span>
5 0
4 years ago
Internal processes of a company contribute to the company's overall effectiveness. Identifying ways to improve internal processe
Contact [7]

Answer:

Explanation:

Internal processes of a company contribute to how effective the company runs. Looking for areas and ways to improve the internal processes will aid in building an organization that is highly efficient. The major causes needs to be known.

Ways of identifying the root causes might not be possible until basic analysis is carried out or sometimes it might be visible depending on the major problem facing the organization internally.

Internal process of a company increase the effectiveness of such company, identifying how to improve these internal processes helps to build an organization that is highly efficient.

6 0
3 years ago
Both Eden's company and SAS have cultures that reflect their environments. _______ theory explains this by saying that effective
solniwko [45]

Answer: Contingent theory

Explanation:

The Contingent theory of management believes that management cannot possibly know the best way to manage the activities of a company because things could go wrong at any time.

The theory goes further to suggest that the best bet that a company has is to try to align its internet environment to its external environment. In other words, it should align its corporate culture with the culture of the environment that it is based in.

7 0
3 years ago
Suzanne works 25hours a week for four weeks at $9.50 per hour. How much does she earn at the end of four weeks?
Akimi4 [234]

Answer:

$950 in 4 weeks

Explanation:

25 x 9.5 = 237.5

237.5 = 950

OR

25hrs times 4 wks is 100hrs

100 x 9.5 = 950

6 0
4 years ago
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