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klasskru [66]
3 years ago
9

Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials $ 33,000 Indi

rect materials included in manufacturing overhead $ 4,000 Direct labor cost $ 58,000 Manufacturing overhead applied to Work in Process $ 91,000 Beginning Ending Raw materials inventory $ 14,000 $ 20,000 Work in process inventory $ 57,000 $ 70,000 How much is the direct materials cost for the month on the Schedule of Cost of Goods Manufactured?
Business
1 answer:
nalin [4]3 years ago
8 0

Answer:

Cost of goods manufactured $ 159,000

Explanation:

Direct materials:

Beginning raw materials inventory $ 14,000

Add: Purchases of raw materials 33,000

Total raw materials available 47,000

Less: Ending raw materials inventory 20,000

Raw materials used in production 27,000

Less: Indirect materials included in manufacturing overhead 4,000 23,000

Direct labor 58,000

Manufacturing overhead cost applied to work in process 91,000

Total manufacturing costs 172,000

Add: Beginning work in process inventory 57,000

Total 229,000

Less: Ending work in process inventory 70,000

Cost of goods manufactured $ 159,000

Therefore the direct materials cost for the month on the Schedule of Cost of Goods Manufactured is $159,000

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Present Value of Ordinary Annuity Period/Rate 5% 6% 7% 8% 9% 10 7.7217 7.3601 7.0236 6.7101 6.4177 11 8.3064 7.8869 7.4987 7.139
klasskru [66]

Answer:

The discount rate of 8% for 11 year period provides the present value of annual cash flows to be equal to the initial investment.

Explanation:

Using the table of present value of annuity provided, we can check the rate and time period which is return the present value of cash flows from the project to be equal to initial Investment.

We are told that the Project's life is expected to be 11 Years. Thus using the 11 year period from the table we can see the following rates,

<u>11 Year Period</u>

Rate = 5%  ,  Annuity Factor = 8.3064  

Rate = 6%  ,  Annuity Factor = 7.8869

Rate = 7%  ,  Annuity Factor = 7.4987

Rate = 8%  ,  Annuity Factor = 7.1390

Rate = 9%  ,  Annuity Factor =  6.8052

We know that the annual cash flows from the project is $1,000,000 and we know the Initial Outlay is $7,139,000.

Multiplying the annual cash flow from the above annuity factors for each rate we can see which rate provides the present value of annual cash flows to be equal to initial outlay.

Rate = 5%  ,  Present value = 8.3064 *  1000000    = $8,306,400  

Rate = 6%  ,  Annuity Factor = 7.8869 *  1000000    = $7,886,900

Rate = 7%  ,  Annuity Factor = 7.4987 *  1000000    = $7,498,700

Rate = 8%  ,  Annuity Factor = 7.1390 *  1000000    = $7,139,000

Rate = 9%  ,  Annuity Factor =  6.8052 *  1000000    = $6,805,200

From the above calculation we can see that the rate of 8% provides the present value of annual cash flows to be equal to the initial investment.

7 0
3 years ago
A company reports the amounts below in its financial statements. Net cash flow from operating activities $37,570 Total net cash
balandron [24]

Answer:

Ratio will be 0.92

So option (A) will be the correct option

Explanation:

We have given net cash flow from operating activities = $37570

So net operating cash flow = $37570

Current liabilities at the bugging of the year = $38400

Current liabilities at the end of the year = $43200

So average current liabilities =\frac{38400+43200}{2}=$40800

We have to find the ratio of operating cash flow to current liabilities

So ratio will be =\frac{37570}{40800}=0.92

So option (A) will be the correct option

3 0
3 years ago
The team-centered decision-making model is preferred when: relevant information and expertise is found in a few select individua
Law Incorporation [45]

Answer:

Participation is needed to obtain necessary commitment

Explanation:

Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.

During evaluation, risk, time and the efficiency of these alternatives are checked.

Team-centred decision making style is preferable when;

1. Relevant information and how to go about issues cannot be not properly arranged by one person

2. Participation is needed for commitment

3. Making one individual as the central power hurts the team

4. If an uncommon decision is to be made

8 0
3 years ago
Suppose a relatively poor country receives foreign aid to be used for education.​ However, a large portion of the money is stole
makkiz [27]

Answer:

True

Explanation:

There are two reason which suggest that action will generate greater inequality.

1. some amount is stolen by government official thus fund is getting allocated to person who are already self-sufficient hence causing inequality

2. even left portion of fund is not allocated proportionally to all the area and thereby increasing the inequality.

6 0
3 years ago
Paraldehyde is an effective cns depressant but is probably not currently used because:
Sonja [21]

The reason why paraldehyde is not currently used is because of its side effects or down sides to the patients using it such as it provides a noxious taste that patients dislikes and it was able to provide an odor with the patient’s breath that isn’t pleasant. 

6 0
3 years ago
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