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Vika [28.1K]
3 years ago
6

The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab

or costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000 1. What is the cost of goods manufactured?a. $178,000 b. $132,000 c. $122,000 d. $142,000
Business
1 answer:
Nadusha1986 [10]3 years ago
8 0

Answer:

Tthe cost of goods manufactured is c. $122,000

Explanation:

The cost of goods manufactured = The beginning of work in process + Cost of materials used + Direct labor costs + Factory overhead - The ending of work in process.

Gunner Manufacturing has the financial records: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000.

Therefore,

The cost of goods manufactured = $18,000 + $45,000 + $48,000 + $39,000 - $28,000 = $122,000

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Answer:

Sustainable Growth Rate: 2.5%

Explanation:

Sustainable growth rate is calculated by multiplying return on equity with retention ratio.

Logic behind above is that whatever portion of net profit is retained by the Company, is used in the Company's operations, which earns certain percentage of equity known as return on equity. By multiplying both return on equity with retention ratio, we assume that the practice will continue for foreseeable future and the Company will continue to grow at the calculated growth rate.

Growth rate = Retention ratio * return on equity

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Return on equity = Net profit available for distribution / Opening equity

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5 0
3 years ago
Which type of private security personnel provides the given service?
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Answer:

Private security guards provide security for people and facilities. They typically deal with issues related to trespassing, burglary, theft, or threats to their clients.

Explanation:

8 0
3 years ago
On May 1, 20X2, Bolt Corp. issued 11% bonds in the face amount of $1,000,000 that mature on May 1, 20X12. The bonds were issued
TiliK225 [7]

Answer:

B) 60,100

Explanation:

Since months have passed between the bond issuance and October 31. The amortization of the premium received depends on the amount of interest recognized. When the effective interest method is used, interest expense is based on the yield rate and the beginning book value.

interest expense = ($1,000,000 + $62,000) x 10% x 6/12 = $53,100

interest payable = $1,000,000 x 11% x 6/12 = $55,000

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4 0
3 years ago
Margin of Safety Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable cost is $4
valina [46]

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3 0
3 years ago
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Answer:

six months

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