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3 years ago

The following information is available for Sunland Company.

Business

1 answer:

dmitriy555 [2]3 years ago

6 0

Answer:

Sunland Company

Cost of goods manufactured Schedule

For the year ended

Work in progress 15,470

Direct Materials

Raw material 22,250

Add: Raw material purchased 154,500

Total raw material available for use 176,750

Less: Raw material inventory 32,850

Direct material used 143,890

Direct labor 225,290

Manufacturing overhead 183,120

Total manufacturing costs 552,300

Total cost of work in progress 567,770

Less: Work in process inventory 18,560

Cost of goods manufactured 549,210

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Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $ 29,000 Direct labor

skad [1K]

Answer: $178,000

Explanation:

The following information can be derived from the question:

We have to first calculate the total manufacturing cost. This will be:

Direct material 29000

Add: Direct labor 58000

Add: manufacturing overhead 82000

Then the manufacturing cost will be:

= 29000 + 58000 + 82000

= 169000

We then add the beginning work in progress and then subtract the ending work in progress. This will be:

Manufacturing cost = 169000

Add: Beginning WIP = 66000

Less: Ending WIP = 57000

= 169000 + 66000 - 57000

= $178,000

7 0

3 years ago

Find the average rate of change of the tuition and fees at public two-year colleges. the average rate of change is $ nothing per

Westkost [7]

The average change in the tuition in the school is $1748.30 per year

<h3>How to find the average rate of change</h3>

The formula would be

y2 -y1 / x2 - x1

The value for y1 = 19890

y2 = 30380

x2 = 2011

x1 = 2005

We would have to put these values in the formula that we have above such that we would be having:

30380 - 19890 / 2011 - 2005

10490 / 6

= $1748.30

Hence we would say that the average rate of change is $1748.30 per year.

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5 0

2 years ago

The bookkeeper for Mustang Company forgot to make the end-of-the-period adjustment for the interest expense that had accrued dur

yawa3891 [41]

Answer:

C Liabilities are understated, and net income is overstated.

Explanation:

To accrue for interest expense, the required entries are;

Debit Interest expense (p/l)

Credit Accrued Interest (B/s)

Being entries to recognize accrued interest expense.

If this is not posted, liabilities and expenses for the period would be understated. As such, net income would be overstated.

Hence the right answer is C Liabilities are understated, and net income is overstated.

4 0

3 years ago

On January 1, Year 5, customers owed Eagle $40,000. On December 31, Year 5, customers owed Eagle $30,000. Eagle uses the direct

irinina [24]

Answer:

$200,000

Explanation:

The computation of the net revenue is shown below:

= Cash sales gross - Returns and allowances + credit sales gross - discounts + beginning balance of account receivable - ending balance of account receivable

= $80,000 - $4,000 + $120,000 - $6,000 + $40,000 - $30,000

= $200,000

We simply first compute the net cash sales after considering the returns and allowances, and net credit sales after considering the discounts, and deduct the ending balance of account receivable

3 0

3 years ago

The listing of cash received via mail should be sent to which of the following individuals: ___________

castortr0y [4]

Answer:

a. Cashier

c. Record keeper

d. Mail clerk

Explanation:

5 0

3 years ago