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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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yawa3891 [41]

Answer:

Price elasticity of demand = 1.76

Explanation:

<em>Price elasticity of demand (PED) is the degree of responsiveness of demand to a change in price. </em>

<em>Where a percentage change in price produces a more than a proportional change in quantity, we say the product is price elastic. On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is price inelastic </em>

PED is computed as follows:

PED = % change in quantity /% change in Price

% change in demand  =   (56- 67)/67 × 100 = 28.93081761

% change in price =16.41791045

PED = 28.93/16.4179 = 1.762

Price elasticity of demand = 1.76

3 0
3 years ago
Siblings are considered "family" under the stock attribution rules that apply to stock redemptions.
harina [27]

Answer:

false

there is no ownership atribution between siblings, cousins, or a mother-in-law and son-in-law

4 0
3 years ago
Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa
masya89 [10]

Answer:

Vertical integration

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Delux was recently approached by Imagination Station, a large computer manufacturer, about purchasing their company. Imagination Station is engaging in Vertical integration because one company is planning to acquire another company in similar business backward or forward stages of process of the end use product

3 0
3 years ago
Gerd+is+considering+an+account+that+earns+6%+interest+per+annum+compounded+monthly.+what+is+the+annual+percentage+yield+(apy)?
ludmilkaskok [199]

The annual percentage yield (APY) that Gerd will get is:

6.2%

The exact rate of return that an investor receives from an investment after compounding the values on a monthly basis is known as the annual percentage yield.

The nominal interest rate, the number of times the value is compounded annually, and the base of the logarithm are all taken into account by the formula used to calculate the annual percentage return.

After compounding Gerd's interest on a monthly basis, with this formula:

APY= (1 + r/n )n – 1,

The Annual percentage yield gotten is 6.2.

Learn more about annual percentage yield here:

brainly.com/question/11855598

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8 0
10 months ago
Read 2 more answers
A​ __________ ensures that business processes and information systems meet the​ organization's competitive strategies.
attashe74 [19]

The answer to the blank space in the statement is business analyst. A business analyst is <u>a job position where the individual who occupies it is responsible to analyze an organization and documents all its businesses, processes, and systems. </u>

It differs from a system analyst, in which the latter is also responsible for doing these tasks for technological solutions that are operated in the company.

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