1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sliva [168]
3 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]3 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

You might be interested in
Look at the scenario money creation. how much of the $1,000 deposit is the bank required to keep in reserves?
madam [21]

The quantity of the $1,000 deposit is the bank required to keep in reserves is 20%.

<h3>What is a reserve deposit?</h3>

A reservable deposit would be any bank deposit subject to bank reserves established by the Federal Reserve Bank of the United States.

Some key features of reserve deposit are-

  • Through the mechanism of fractional reserve banking, such a deposit could be used in part as a loan.
  • The remaining portion, as established by the Fed's bank reserves, must be kept by bank & made available for prompt withdrawal upon request.
  • A reservable bank is a banks deposit that is subject to the reserve requirement guidelines of the Federal Reserve.
  • Transaction (checking) savings account, savings accounts, as well as non-personal time deposits are all examples of reservable deposits.
  • Sweep accounts, often known as money market funds, is non-reservable deposit account that generate a greater rate of interest than reservable deposit accounts.

To know more about the reservable deposit, here

brainly.com/question/13758092

#SPJ4

3 0
1 year ago
Hammond Lumber has just changed from prefabricating 8 gazebos to 10 gazebos (units). Their total costs changed from $9,500 to $1
AfilCa [17]

Answer:

MC = 750

Explanation:

Below is the given values:

Initial quantity = 8

Final quantity = 10

Initial total cost = $9500

Final total cost = $11000

Marginal cost = Change in total cost / Change in quantity

Change in total cost = 11000 - 9500 = 1500

Change in quantity = 10 - 8 = 2

Marginal cost = Change in total cost / Change in quantity

MC = 1500 / 2

MC = 750

3 0
3 years ago
Assume there are two countries: South Korea and the United States. South Korea grows at 4% and the United States grows at 1%. Fo
alisha [4.7K]

Answer:

The US income will be $12,201 and South Korea's income will be $21,911. US income will grow by multiple of 1.2 while South Korea's GDP will grow by multiples of 2.19.

Explanation:

Initial income of both the countries is $10,000.

Growth rate of South Korea is 4%.

Growth rate of US is 1%.

In 20 years, South Korea's income will be,

=Initial income*(1+growth rate)^{n}

=$10,000*(1+0.04)^{20}

=$10,000*2.1911

=$21,911

Similarly, we can find US income.

=Initial income*(1+growth rate)^{n}

=$10,000*(1+0.01)^{20}

=$10,000*1.2201

=$12,201

So, South Korea's income is $21,911 while US's income is $12,201.

South Korea's income grows by the multiples of 2.1911. While, US's income grows by the multiples of 1.2201

4 0
3 years ago
How many barrels of oil does the us produce per day?
marta [7]

Answer:

EIA's data for 2020 indicates that total U.S. petroleum production averaged about 18.375 million barrels per day (b/d), which included: crude oil—11.283 million b/d.

Explanation:

8 0
3 years ago
The condition that results from society not having enough resources to produce all things people would like to have is known as
cricket20 [7]
The answer would be B. Scarcity
7 0
3 years ago
Other questions:
  • How does FNB programme benefit the community in terms of economic development?
    5·1 answer
  • Chie runs a business and is committed to the triple bottom line. this means that she is concerned with:
    15·1 answer
  • Your coworker makes a comment about a blouse you are wearing. The comment makes you very uncomfortable. This is an example of:
    11·1 answer
  • James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four ti
    13·1 answer
  • The last four years of returns for a stock are as​ follows: Year 1 2 3 4 Return −4.5​% 28.1​% 12.2​% 3.7​% a. What is the averag
    5·1 answer
  • An avocado orchard employs five full-time workers.​ Currently, the average product of labor is 120 pounds of avocados per day. T
    9·1 answer
  • How do corporate bonds affect the economy
    14·1 answer
  • Many companies moved their operations from new england and the midwest to locations in the south because
    9·1 answer
  • Policy involves government changes to spending or taxation to affect the economy.
    15·1 answer
  • An organization looking for general agreement on ethical practices might take what step?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!