Answer:
Cost of goods sold = $820,000
Explanation:
Cost of goods sold represent the amount incurred as direct expenditures on the goods sold. It is measured in cost and cal calculated as follows:
Cost of goods sold = opening inventory + purchases+ freight charges - closing inventory
= 280,000 + 720,000 + 60,000 - 240,000 = 820,000
Cost of goods sold = $820,000
The answer to your question is twenty-four years
<span>This question suggests that the garment manufacturer uses grouped work stations. Instead of using a more streamlined process in which the material would move smoothly from cutting to sewing to pressing, the cutting machines are in a group in one place. Likewise, the sewing machines are in a separate area, as are the pressing machines.</span>
Answer:
January February March
production <u> 2,500 3,000 2,700 </u>
variable 44,875 53,850 48,465
fixed <u> 14,500 14,500 14,500 </u>
total 59,375 68,350 62,965
Explanation:
indirect materials 0.5 (2 dollar per pound x .25 pound per unit)
indirect labor 16.5 ( 1 hour x 16.50 rate)
maintenance 0.75
utilities 0.2
total variable 17.95
supervisor 1000
maintenance 9000
insurance 3000
depreciation 1500
total fixed 14500
the fixed amount will remain the same and we will solve for the variable on each month considering each units generates 17.95 dollar of variable overhead
Answer:
a. $265,000
Explanation:
Process costing is one of method to assign cost to manufactured unit. This method is most commonly used for identical units produced.
Terada Corporation also uses process costing system. In April $241,000 units were transferred out of the department. To identify the total cost under weighted average method we can add up beginning work in process and units transferred out. We get $265,000 if we add up beginning work in process inventory and cost of units transferred out from the department.
= $24,000 + $241,000
= $265,000.