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Sliva [168]
2 years ago
5

If the cost of the beginning work in process inventory is $56,000, direct materials cost is $346,000, direct labor cost is $212,

000, and overhead cost is $315,000, and the ending work in process inventory is $51,000, calculate the cost of goods manufactured:a. $980,000.b. $563,000.c. $873,000.d. $878,000.e. $929,000.
Business
1 answer:
babunello [35]2 years ago
4 0

Answer:

d. $878,000

Explanation:

The computation of the cost of goods manufactured is shown below:

= Direct materials cost + Direct labor cost + Manufacturing overhead cost + beginning work-in- process inventory - ending work-in-process inventory

= $346,000 + $212,000 + $315,000 + $56,000 - $51,000

= $878,000

We simply deduct the ending balance of work in process inventory and the rest items are added to find out the cost of goods manufactured

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Explanation:

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Ramos Company has the following unit costs: Variable manufacturing overhead$15 Direct materials 13 Direct labor 17 Fixed manufac
zhannawk [14.2K]

Answer:

Unitary cost= $56

Explanation:

Giving the following information:

Variable manufacturing overhead $15

Direct materials $13

Direct labor $17

Fixed manufacturing overhead $12

Fixed marketing and administrative $11

Under absorption costing, the fixed overhead is allocated to the product cost:

Unitary cost= direct material + direct labor + variable overhead + fixed overhead

Unitary cost= 13 + 17 + 15 + 11= $56

3 0
2 years ago
Savickas Petroleum's stock has a required return of 12%, and the stock sells for $43 per share. The firm just paid a dividend of
Elodia [21]
<span>Given Data:
</span><span>
The return = 12%</span><span>

Stock price = </span>$43/share
<span>
Dividend = $1.00

Growth rate = </span><span>30% per year

</span> D₄ = $1.00 × (1.30)⁴

<span>      = $2.8561.
</span><span>
Stock's expected constant growth rate after t = 4 
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Stock's expected constant growth rate:

                                                              X = 6.34%
6 0
3 years ago
Read 2 more answers
define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today​
Lana71 [14]

Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.

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8 0
3 years ago
Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe
Alexeev081 [22]

Answer:

Journal entries for the following will be shown below:

Explanation:

1.

Journal entries for the wages expense is as follows:

Wages expense A/c.........................Dr     $50,000

        Income Tax Payable A/c................Cr   $7,000

        FICA taxes payable A/c...................Cr   $2,625

        Cash A/c...............................................Cr   $40,375

Working Note:

Cash = Wage expense - Income tax payable - FICA taxes payable

= $50,000 - $7,000 - $2,625

= $40,375

2.

Journal entry for the payroll expenses is as follows:

Payroll tax expense A/c............................Dr    $2,875

       FICA taxes payable A/c............................Cr   $2,625

       Unemployment taxes payable A/c.........Cr   $250

4 0
3 years ago
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