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lbvjy [14]
3 years ago
12

Work in process inventory increased by $20,000 during the current year. Cost of goods manufactured was $180,000. Total manufactu

ring costs incurred are a.$189,000 b.$198,000 c.$200,000 d.$160,000
Business
1 answer:
padilas [110]3 years ago
8 0

Answer:

The answer is $200,000

Explanation:

Total manufacturing costs incurred =

Increase in Work in process inventory +

Cost of goods manufactured

Where Increment in Work in process inventory equala $20,000

Cost of goods manufactured equals $180,000

$20,000 + $180,000 = $200,000

Total manufacturing costs incurred are therefore equals $200,000

You might be interested in
Activity-based costing for a service company
inysia [295]

Answer:

A.

Room and meals=  $240 per day

Radiology =  $215 per image

Pharmacy =  $50 per physician order

Chemistry lab = $80 per test

Operating room = $1,000 per operating room hour

B.

<u>Patient Putin</u>

Unit  = $1,585

Total = $10,640

<u>Patient Umit</u>

Unit  = $1,585

Total = $6,025

Explanation:

Activity rate = Total Overhead Cost / Total Activity

Room and meals=  $240 per day

Radiology =  $215 per image

Pharmacy =  $50 per physician order

Chemistry lab = $80 per test

Operating room = $1,000 per operating room hour

<u>Patient Putin</u>

                               Unit       Total

Room and meals   $240      $1,440

Radiology               $215        $860

Pharmacy                 $50       $300

Chemistry lab          $80          $40

Operating room  $1,000    $8,000

Total                     $1,585   $10,640

<u>Patient Umit</u>

                               Unit       Total

Room and meals   $240       $960

Radiology               $215       $645

Pharmacy                 $50       $100

Chemistry lab          $80       $320

Operating room  $1,000    $4,000

Total                     $1,585   $6,025

6 0
3 years ago
The following are two equivalent ways to measure GDP:
castortr0y [4]

ANSWER : TRUE

EXPLANATION :

GDP denotes the total (gross)value of goods & services produced by an economy, during a period of time (financial year) .

This total value of goods can be calculated by both Income & Spending approach , based on assumption that 'one person expenditure is other person income'. Because both reflect the total value of goods produced .

This is evident from two methods to calculate GDP :

1. Expenditure Method

NDP (net value) = Compensation of Employees + Opereating Surplus + Mixed Income ;

Where - 1st COE is income of labour , 2nd OS (Rent + Interest + Profit) income of other factors - land , 3rd MI income from self employed .

2. GDP = Private Final Consumption Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports ;

Where - 1st PFCE is expenditure by private households , 2nd GFCE expenditure by govt , 3rd GDCF investment expenditure by firms , 4th expenditure by Abroad .

4 0
3 years ago
Which key factors impact whether budding entrepreneurs around the world can start and own a business
Leno4ka [110]

Explanation:

There are several barriers to entry in a market that can hinder the creation of a new business, the ones that most impact new entrepreneurs are the financial, technical and structural barriers.

There is the configuration of a monopoly market where there is a single company that controls the market and resources, influencing prices and hindering new entrants.

There are also capital difficulties, where the cost of opening and maintaining a business makes it difficult for new entrepreneurs to enter the market in the long term in a competitive manner with larger companies, for example.

And there are also technical barriers, which can be understood as the lack of specific knowledge for a particular business operation.

7 0
3 years ago
"In the case of so-called active data warehouses, the loads occur in ________ that happen continuously, ensuring that the data i
lbvjy [14]

Micro-batches.

Micro-batches are small components of data that allow it to be processed quickly at more frequent intervals.

3 0
4 years ago
(Check your book for an explanation of double counting costs) Consider Diego’s decision to go to college. If he goes to college,
tino4ka555 [31]

Answer:

$42,600

Explanation:

Diego's cost to go to school is what he spends less what he stops earning if he works.

Data:

Tuition = $21,000

Room and Board = $11,000

Books = $1,800

Total expenses going to school =?

Salary if he works = $16,000

Expenses if he works = $7,200

Net Income =?

C = Diego’s cost of going to college =?

Calculations:

Expenses of going to school:

$21,000 + $11,000 + $1,800 = $33,800

Net income if you work:

$16,000 - $7,200 = $8,800

C = $33,800 + $8,800 = $42,600

Diego’s cost of going to college is $42,600

Hope this hepls!

3 0
3 years ago
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