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4 years ago

Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:

Business

1 answer:

hammer [34]4 years ago

8 0

Answer:

The cost of goods manufactured during the current year was $98,000

Explanation:

The manufacturing costs incurred during the current year = Direct materials cost + Direct labor cost + Factory overhead = $19,000 + $24,500 + $55,100 = $98,600

The cost of goods manufactured during the current year = Beginning work in process inventory + The manufacturing costs incurred during the current year - Ending work in process inventory = $10,700 + $98,600 - $11,300 = $98,000

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enot [183]

Answer:

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Explanation:

Value added tax is a small sum of money that is added on top of the price of a service. For example, I go to a grocery to buy Washing powder which costs me lets say 10 bucks. I will have to pay VAT on the 10 bucks. the vat is a small percent added on the price so here, assuming the VAT is 10%, I will have to pay 10% of 10 bucks PLUS the original 10 bucks so in total it will be 11 bucks.

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3 years ago

When was the word integer introduced?

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3 years ago

Monetary policy is made by which part of the federal reserve? the board of governors. the federal open market committee. the fed

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3 years ago

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3 years ago

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

Kazeer [188]

Answer:

Adjusted cash balance : $25850

Explanation:

The goal of a reconciliation statement is to ascertain the differences between the banks records and the depositor’s records and make accounting changes as deemed appropriate. There is a general flow that is used to make the correcting entries:

1. The process flow starts with the bank’s ending cash balance

2. Add any deposits made by the company to the bank that are in transit

3. Deduct any cheques that are uncleared by the bank

4. Add or deduct any other differences available as necessary

5. In the company bank records, once again start with the ending balance

6. Add interests earned

7. Deduct any bank service fees, penalties and NSF (Non-Sufficient Funds) cheques.

8. Add or deduct any other differences available as necessary

At the end of this process, it is likely that both accounts would be equal and tally.

Please refer attached table for details on the calculation.

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3 years ago