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
mixer [17]
4 years ago
9

The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment

: Sales $1,261,800 Gross profit 340,700 Indirect labor 113,600 Indirect materials 46,700 Other factory overhead 21,500 Materials purchased 643,500 Total manufacturing costs for the period 1,393,000 Materials inventory, end of period 46,700
Using the above information, determine the following amounts:

a. Cost of goods sold $ 921,100
b. Direct materials cost $ 550,100
c. Direct labor cost $ 731,900
Business
1 answer:
zysi [14]4 years ago
5 0

Answer:

(a) $921,100

(b) $643,500

(c) $567,700

Explanation:

(a) Cost of goods sold:

= Sales - Gross profit

= $1,261,800 - $340,700

= $921,100

(b) Direct Material Cost:

= Materials purchased - Indirect materials - Materials inventory

= $643,500 - $46,700 - $46,700

= $643,500

(c) Direct labor cost:

= Total manufacturing costs for the period - Direct materials - factory overhead (Indirect labor + Indirect materials + Other factory overhead)

= $1,393,000 - $643,500 - $181,800

= $567,700

You might be interested in
The most affective communicaters speak at the rate of ...... words per minute?
jasenka [17]
A. i am pretty sure it is A.



8 0
3 years ago
Which is a short term bond that must be paid within a year or less?
melisa1 [442]
Treasury bill
<span>It's a short-term debt backed by the U.S. government with a limit of one year, It's sold in denominations of $1,000. The maximum purchase is $5 million </span>
8 0
3 years ago
Read 2 more answers
A proportion of membership of a group?
Alika [10]

What are the answers?

7 0
3 years ago
When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective?
Alenkasestr [34]
True. When you analyze the key elements of a country's economic perspective environment, it is best to apply a systems perspective. When you follow the systems perspective you should be taking all of the behaviors, attributes and actions of a system when it's in its environment. instead of individualizing people and things within, it's an overall evaluation of the system. 
4 0
3 years ago
Can i put my daughter in law on my health insurance
Nata [24]
You should be able to
4 0
3 years ago
Other questions:
  • The General Store at State University is an auxiliary bookstore located near the dormitories that sells academic supplies, toile
    15·2 answers
  • The following is the adjusted trial balance for Stockton Company.
    12·2 answers
  • The first phase of a comprehensive project risk assessment should be:
    7·1 answer
  • When does a cure occur?
    12·1 answer
  • Open-ended questions are the best way to gain more information about a customer's needs and how you can help meet them during th
    11·1 answer
  • what are the advantages and disadvantages of using globalization (mass marketing) versus customization (market segmentation) for
    8·1 answer
  • A(n) _________ is an exclusive right to make, use, and sell an invention and is granted by a government to the inventor.
    15·2 answers
  • Jeremiah flies an airplane for 2.7 hours at an average speed of 304.6 miles per hour. How far did Jeremiah fly?
    10·1 answer
  • According to the government employees have a right to understand the risks associated with the materials they work with
    8·2 answers
  • Oooo Teri.....(◕ᴗ◕✿)​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!