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goldenfox [79]
3 years ago
12

Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw

materials inventory, January1 $ 30,000 Raw materials inventory, December 31 60,000 Work in process, January 1 27,000 Work in process, December 31 18,000 Finished goods, January 1 60,000 Finished goods, December 31 48,000 Raw materials purchases 1,500,000 Direct labor 690,000 Factory utilities 225,000 Indirect labor 75,000 Factory depreciation 500,000 Operating expenses 630,000.
Business
1 answer:
melomori [17]3 years ago
6 0

Answer:

$2,960,000

Explanation:

Raw Material Used in production:

= Raw Material Inventory Beginning + Purchases of Raw Material - Raw Material Inventory Ending

= $30,000 + $1,500,000 - $60,000

= $1,470,000

Total Manufacturing Cost:

= Raw Material Used in production + Direct Labor + Manufacturing Overhead applied to Work in process

= $1,470,000 + $690,000 + (225,000 + 75,000 + 500,000)

= $1,470,000 + $690,000 + $800,000

= $2,960,000

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1 year ago
Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why?
aalyn [17]
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3 years ago
. If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent coinsurance provision, how much would the
aev [14]

Answer:

$4,807.69

Explanation:

The first step is to calculate the requirement for coinsurance

= 80/100 × 130,000

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Therefore the amount in which the insurance person will pay can be calculated as follows

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3 years ago
Maren received 10 NQOs (each option gives her the right to purchase 8 shares of stock for $8 per share) at the time she started
bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Sale of share = NQOs received × No. of shares × Selling price per share

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Gain realised:

= Sale of share - Basis

= $1,760 - [NQOs received × No. of shares × Selling price per share at $15]

= $1,760 - [10 × 8 × $15]

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Tax paid = Gain realised × preferential rate

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3 years ago
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Answer:

A) Using a change management system to influence performance

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First of all, since the change was proposed by the customer, any delay in the construction project caused by their new request should not trigger the damage clause.

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6 0
3 years ago
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