He should consider where he is going to get the money from, how soon he will be able to pay it back if he borrowed it, and if he needs anymore emplyees for the expansion.
a example is a store like Lowes, or home depot
Answer:
The estimated finished goods inventory balance at the end of November is closest to: $383,800.
Explanation:
<em>First calculate the units of ending finished goods inventory for November </em>
units of ending finished goods inventory = 10,100 × 40%
= 4,040 units
<em>The determine the unit standard cost</em>
Raw materials ( 5 × $1.00) = $5.00
Direct labor (3.0 × $19.00) = $57.00
Manufacturing overhead : Variable (3.0 ×$11.00) = $33.00
Unit Standard Cost = $95.00
<em>Finished goods inventory balance</em>
Finished goods inventory balance = units of ending finished goods inventory × unit standard cost
= 4,040 units × $95.00
= $383,800
Answer:
$4,000
Explanation:
Preparation of the journal entry.
Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.
(To record requisition)
Answer:
$67,150
Explanation:
The computation of cost of goods manufactured for this period is shown below:-
Cost of goods sold = Beginning finished goods + Cost of goods manufactured - Ending finished goods
$71,400 = $84,000 + Cost of goods manufactured - $79,750
$71,400 = $4,250 + Cost of goods manufactured
Cost of goods manufactured = $71,400 - $4,250
= $67,150
Therefore for computing the cost of goods manufactured we simply applied the above formula.
