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3 years ago

Which of the following accounts would not appear on a schedule of cost of goods manufactured?

Business

1 answer:

kotykmax [81]3 years ago

7 0

The following accounts would appear on a schedule of cost of goods manufactured- Depreciation of factory equipment

Explanation:

The cost of goods manufactured (COGM) schedule is used to calculate the cost of all the items produced during a given reporting period.

The cost of good manufactured schedule gives companies an idea about their production cost(i.e whether it is too high or low) in relation to the sales they are making

The formula to calculate the COGM is:

Add: Direct Materials Used

Add: Direct Labor Used

Add: Manufacturing Overhead

Add: Beginning Work in Process (WIP) Inventory

Deduct: Ending Work in Process (WIP) Inventory

= COGM

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Mitch, a single tax-payer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bon

goldfiish [28.3K]

Answer:

E) None of the choices are correct.

18.289,26‬

As we given an option with two decimals which are different from the calculated amount we should take it as incorrect.

Explanation:

The municipal bonds are tax free. Therfore, not included.

We will calcuatae based on 2019 income tax brackets for single-taxers

between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950

100,000 - 82,501 = 17,499

17,499 x 24% = 4,199.76

14,089.50 + 4,199.76 = 18.289,26‬

3 0

3 years ago

A new aerated sewage lagoon is required in a small town. Earlier this year, one was built on a similar site in an adjacent city

zysi [14]

Answer:

value of new lagoon will be $4.05 million

Explanation:

We have given cost = $2.3 million

It is given that new lagoon will be 65% larger

So size of lagoon will be 1+0.65 =1.65

Sizing exponent for this project is given 1.13

So x = 1.13

New lagoon is given by $New\ lagoon=cost\times size^x$

So new lagoon will be equal to $=2.3\times 1.65^{1.13}=2.3\times 1.76=4.05$ $ million

So value of new lagoon will be $4.05 million

6 0

3 years ago

Suppose Russia and Sweden each produce only paper and cars. Russia can produce 8 tons of paper or 4 million cars each year. Swed

azamat

Answer:

Attached grap with point A and B.

Explanation:

Russia will produce the cars as their production has te lower opportunity cost:

(Note: Opportunity cost is the amount of production resigned for the current output)

Sweden pportunity cost for production car:

25 ton of papper / 5 m cars = 5 tons per millon of cars

Russia pportunity cost for production car:

8 ton of papper / 4 m cars = 2 tons per millon of cars

With the trade set at 2 millon car for 6 tons of paper we get the following

Sweden produce 25 tons - 6 traded = 19

and receive 2 millon car

Russia produce 4 millon car - 2 traded = 2

and receive 6 tons of pappers

8 0

4 years ago

At the end of the month, Brown Co.'s petty cash fund contains $4 in cash and receipts for postage of $50 and delivery expenses o

aleksandr82 [10.1K]

The answer is C there ya go I hope it’s right

8 0

3 years ago

Magic Realm, Inc., has developed a new fantasy board game. The company sold 35,600 games last year at a selling price of $62 per

Natasha_Volkova [10]

Answer:

1a.

Magic Realm, Inc.,

Contribution format income statement

Per Unit Amount

Sales 62 2,207,200

Variable expenses 42 (1,495,200)

Contribution margin 20 712,000

Fixed expenses (623,000)

Net operating profit 89,000

1b.

Degree of operating leverage: 4

2. The expected percentage increase in net operating income for next year: 184%

Explanation:

1a. Please refer to the answer part

1b. Degree of operating leverage = Contribution margin / net operating profit = 712,000/89,000 = 8.

Expected percentage increase in net operating income for next year = Expected percentage increase in sales next year x operating leverage = 23% x 8 = 184%

3 0

3 years ago