Answer:
$5500.
Explanation:
The computation of the cost of goods sold is shown below:
Let us assume beginning WIP be $2000
So,
ending WIP is
= ($2000 - $1000)
= $1000
And,
Let us assume the beginning finished goods be $1000
So, the ending finished goods is
= ($1000 + $500)
= $1500
Now as we know that
Cost of goods manufactured = Total manufacturing cost + Beginning WIP - Ending WIP
= $5000 + $2000 - $1000
= $6000
Now
cost of goods sold=Cost of goods manufactured+Beginning finished goods-Ending finished goods
= $6000 + $1000 - $1500
=$5500.
Answer:
$13400
Explanation:
<u>Workings</u>
Unit of of production
Direct materials - 3.10
Direct labor - 7.70
Variable manufacturing overhead - 8.2
Supervisor's salary - 3.6
Depreciation - 2.00
Allocated general overhead 7.20
Total cost - 31.8
Cost per year = 31.8*14000
445,200
Cost of buying = 25.50
Allocated general overhead - 7.20
Total cost =32.7
Annual cost 32.7*14000 = 457800
Annual opportunity cost of internal production = 26,000
The overall advantage of buying = 26000 - (457800-445200)
= 13,400
Answer:
Explanation:
In the event that Inventory level is consistent consistently ,it implies starting stock and consummation stock are same in this way Purchase is equivalents to cost of merchandise sold = 1508000
Average accounts payable =[Beginning payable +ending payable ]/2
= [50000+ 54000]/2
= 52000
days' payable outstanding = 365 *Average accounts payable /cost of goods sold
= 365 * 52000/1508000
= 12.59 days
The days payable exceptional estimates normal number of time organization takes to pay to its providers .in the given circumstance LandyCorporation have 30 days of time to pay to its provider anyway the equivalent is paid withing 13 days (approx) it implies LandyCorporation can't utilize credit office accessible (convey assets ).
Answer: requirements discovery
Explanation:
The techniques used by systems analysts to identify or extract system problems and solution requirements are known as requirements discovery.
A requirements discovery is simply defined as the process and tools that are typically used to identify the system requirements for the users of a system that has been proposed.
A system requirement helps to describe the desires and needs for an application or a system. The system requirement describes the features, functions, and constraints.
A Worksheet is a columnar working paper which is used to prepare a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements. The Worksheet helps in easy preparation of financial statement and it also ensures the arithmetical accuracy. It is useful tool in accounting but it is an optional tool in the accounting process.
Hence the answer is “Worksheet”.