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goldenfox [79]
2 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]2 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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Nesterboy [21]

Answer:

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Explanation:

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Have a nice day!

3 0
2 years ago
Mays, Inc. had net income for 2014 of $1,060,000 and earnings per share on common stock of $5. Included in the net income was $1
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Answer:

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Explanation:

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8 0
3 years ago
During the holiday season, Maria's Department Store works with a contracted employment agency to bring extra workers on board to
nekit [7.7K]

There could be a lot of choices that would fill in this blank:

seasonal workers

Temporary labor

seasonal labor strategy.

Is there a list of choices?

4 0
3 years ago
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Samsung has products for each and every customer segment. This pertains to ________ targeting strategy. *
aleksklad [387]
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3 years ago
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the
xz_007 [3.2K]

Answer:

$3,900

Explanation:

A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years?

Round the answer to nearest dollar.

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