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ki77a [65]
3 years ago
14

Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goo

ds manufactured 8,000 Factory overhead 8,000 Direct materials used is
a.$4,000
b.$8,000
c.$14,000
d.$2,000
Business
1 answer:
Natali [406]3 years ago
7 0

Answer:

correct option is d.$2,000

Explanation:

given data

Work in process, beginning =  $14,000

Work in process, ending = 20,000

Direct labor costs =  4,000

Cost of goods manufactured = 8,000

Factory overhead  =  8,000

solution

we get her first Total manufacturing cost that is getting by Cost of goods manufacture formula that is express as

Cost of goods manufacture = Total manufacturing cost + beginning Work in process - ending Work in process     .....................1

put here value and we will get

Total manufacturing cost =  $20,000  - $14,000 + $8,000

Total manufacturing cost = $14,000

now we get here Direct material used that is express as

Direct material used = Total manufacturing cost - Factory overhead - Direct labor costs     ................2

put here value we get

Direct material used = $14,000 - $8,000 - $4,000

Direct material used = $2,000

so correct option is d.$2,000

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Cassidy is planning to obtain a loan from her bank for $210,000 for a new home. the bank has approved cassidy’s loan at a fixed
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Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.

<h3>What is the payment monthly?</h3>

The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.

<h3>What is a loan amortization schedule?</h3>

It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner

It is given that:

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  • A fixed annual interest rate of 2.7% compounded monthly for 15 years.

The formula is:

P=F_{P} (i)/1-(1+i)^{-1}

Plug all the values in the above formula:

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Cassidy's approximate monthly payment stands at $1420.

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