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Leno4ka [110]
3 years ago
5

Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold a

t the end of the month. In May the company completed job N29W that consisted of 22,200 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job N29W shows that the job's total cost was $737,040. During the month, the actual manufacturing overhead cost incurred was $227,180 and the manufacturing overhead cost applied was $212,380. Also during the month, 7,400 completed units from job N29W were sold. No other products were sold during the month. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for May is closest to:______
a. $737,040
b. $714,540
c. $245,680
d. $250,600
Business
2 answers:
Alexxx [7]3 years ago
8 0

Answer:

The correct option is C

Explanation:

As per given information, the total production cost for N29W job in May has been documented as  $737,040.

For the same month and same job, the total units produced were 22200

Cost of producing one unit = Total cost/ total units

=$737,040./22,200 units

=$33.2 per unit

This is the cost of one unit without any adjustment

Now the total number of goods sold without any adjustment are 7400. Cost actually incurred in these would be

= $33.2 × 7,400

= $245,680

Hence the option C is the correct one

brilliants [131]3 years ago
3 0

Answer:

Option c is correct

$245,680

Explanation:

The total manufacturing cost = $737,040.

Units produced = 22,200

Cost per unit before adjustment for absorbed overhead=

=$737,040./22,200 units

=$33.2 per unit

Cost of goods sold before adjustment for overheads

= (cost per unit × units sold)

= $33.2 × 7,400

= $245,680

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2 years ago
Consider the following vignette. Aboard the cruise ship Royal Majesty, a breakfast diner complains to the waiter that the meal i
Nonamiya [84]

Answer:

The correct answer is: D) unreasonable demands

Explanation:

These are contradictory demands, whether, in themselves, they require the fulfillment of two or more contradictory or inconsistent conditions with each other, whether it is what the person who generates an internal conflict demands, the foreign demand being to go against its own essence, while the other pole is fidelity to it.

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3 0
3 years ago
Read 2 more answers
Cynthia​ Knott's oyster bar buys fresh Louisiana oysters for ​$3 per pound and sells them for ​$8 per pound. Any oysters not sol
iragen [17]

Answer:

111 pounds

Explanation:

The number of pounds Cynthia should order each day can be calculated as follows

Calculation

Standard deviation = 20

Mean = 100

Cost of actual utilization = 8-3 = 5

Cost of Under utilization = 4-2 = 2

Probability of sale = Co/(Cu+Co)

Probability of sale = 5/(5+2)

Probability of sale =0.714

Z score at above probability = z = 0.57

hence cynthia should order= mean+z*standard deviation

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3 0
3 years ago
Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, popul
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Answer:

B. It increased, but it less than doubled

Explanation:

Real GDP per person is defined as the total economic output divided by the total number of people. It is used in roughly indicating the standard of living.

An increased in the nominal GDP 3 times its formal will lead to a proportionate increase in the GDP per person statistics. But I was a noted that there was a 100% increase in population, meaning that population doubled. This indicates that the GDP per person increased but it less than double because of the population doubling in that period of time.

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Crane Company had the following account balances:
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Answer:

The correct answer is $479,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the total revenue by using following formula:

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Where, Net sales = Sales revenue - Sales return

= $445,000 - $34,000 = $411,000

By putting the value in the formula, we get

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4 0
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