Answer:
income = 500,000
Explanation:
Income = sales - expenses
In this case, we are given with the three cost component, we add them together to get the total cost, or total expenses for the period.
Then we calculate the difference with the revenue and obtain the net income.
sales 10 millions
direct materials 3.5 millions
direct labor 2.5 millions
overhead <u> 3.5 millions </u>
total cost 9.5 millions
net income 0.5 millions = 500,000
<span>b.) project superintendent,</span>
Answer:
In his traditional role Finance
Manager is responsible for
Select one:
a
Running the business smoothly
b
Proper utilisation of the funds
c
Arranmgement of financial
resources
d
Efficient management of cash
Explanation:
In his traditional role Finance
Manager is responsible for
Select one:
a
Running the business smoothly
b
Proper utilisation of the funds
c
Arranmgement of financial
resources
d
Efficient management of cash
Answer:
$518,700
Explanation:
For the computation of unadjusted cost of goods sold first we need to find out the total cost of Job F21X and cost per unit which is shown below:-
The Total cost of Job F21X = Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied
= $45,150 + $363,300 + $161,700 + $207,900
= $778,050
Cost per unit = Total cost of Job F21X ÷ Number of units
= $778,050 ÷ 10,500
= $74.10
Cost of goods sold = Completed units from Job F21X × Cost per unit
= 7,000 × $74.10
= $518,700