1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serjik [45]
3 years ago
6

An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020.

Inventory Beginning Ending Raw materials $9,500 $16,180 Work in process 5,670 8,560 Finished goods 9,700 6,800 Costs incurred: raw materials purchases $58,740, direct labor $50,330, manufacturing overhead $23,960. The specific overhead costs were: indirect labor $6,740, factory insurance $4,430, machinery depreciation $4,720, machinery repairs $2,290, factory utilities $3,840, and miscellaneous factory costs $1,940. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020.
Business
1 answer:
Kryger [21]3 years ago
3 0

Answer:

Cost of goods manufactured $  123,460

Cost of goods sold:                 $ 126,360

Explanation:

<em>Raw materials </em>

beginning            9500

purchased           58740

ending               <u>    (16180)   </u>

used in production   52060

<em>cost added </em>

materials         52060

direct materials 50330

overhead     <u>    23960   </u>

total                126350

<em>COGM </em>

beginning WIP   5670

added                126350

ending WIP        <u>   (8560)  </u>

COGM                 123460

<em>COGS </em>

beginning FG  9700

COGM               123460

ending FG       <u>    (6800)    </u>

COGS               126360

You might be interested in
AND is a boolean operator that refines an internet search to include all items in the search field
bija089 [108]
Is this a question??
7 0
3 years ago
Read 2 more answers
What challenges do you see for a company that wants to implement collaborative SCM systems? How would you meet such challenges?
OverLord2011 [107]
This would help you a lot :) have fun

3 0
2 years ago
how would a significant increase in consumption and economic activity among a nations consumers affect the nation economy
jeka57 [31]

When consumption increases, factories produce more, consequently having to expand, when they expand they hire new employees, meaning that more people have money to buy more things and boost the market.

It is almost like the balance of an ecosystem, if everything works well, the tendency is to continue improving

7 0
3 years ago
Which of the following statement shows the financial position of a business entity as on date
svlad2 [7]

Answer:

b) balance sheet

Explanation:

Balance sheet: The assets liabilities and stockholder equity are reported in the balance sheet. The accounting equation that is displayed  below is used in this:

Total assets = Total liabilities + stockholder equity

The balance sheet debit and credit side should always be equal and balanced.  

In addition, it is always prepared on the date specified plus it is also reflects the financial position, financial performance of the company.

8 0
3 years ago
Which of the following is an example of a conglomerate merger?
densk [106]

Answer:

Answer d

Explanation:

Mergers and acquisitions from legal point of view differ in a way that acquisition happens when entity takes ownership of another entity's stock, equity interest or assets, while merger is a consolidation of two entities into one. Except for answer d, all other examples are purchases of another company's stocks or assets. Acquisition therefore means takeover of a company by another company, while a merger usually means consolidation of two companies into one based on mutual agreement and with one management

7 0
3 years ago
Other questions:
  • Prizm and esris tapestry are two of the most widely used tools for _______ segmentation.
    9·1 answer
  • Diversification may dissipate value if it is wrongly based on: a. transferring competencies. b. realizing economies of scope. c.
    7·1 answer
  • Kennedy Enterprises has budgeted sales for the months of September and October at $ 110 comma 000 and $ 170 comma 000​, respecti
    15·1 answer
  • What are work content skills
    6·1 answer
  • Select the correct version of each pair of the following sentences. Local markets have become saturated; therefore, companies no
    5·2 answers
  • Last year, Barnard Company incurred the following costs: direct materials, $50,000; direct labor, $20,000; manufacturing overhea
    13·1 answer
  • Kela Corporation reports net income of $470,000 that includes depreciation expense of $83,000. Also, cash of $44,000 was borrowe
    14·1 answer
  • A manager of a perfectly competitive firm observes that the marginal product of labor is 5 units per hour, the marginal product
    10·1 answer
  • Describe service problems you encountered in a recent service experience. Then categorize the service failures that occurred as
    8·1 answer
  • You are planning to buy a house in five years. How much do you need to deposit today to have a $10,000 down payment if your inve
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!