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Phoenix [80]
3 years ago
9

Sound Company reported the following amounts for May: Raw materials purchased $254,000 Beginning raw materials inventory 12,000

Ending raw materials inventory 7,900 Direct labor incurred 51,000 Indirect materials requisitioned and used 4,000 Actual manufacturing overhead costs 36,800 Beginning work-in-process inventory 15,100 Ending work-in-process inventory 12,000 How much is the cost of direct materials used in production
Business
1 answer:
Alchen [17]3 years ago
3 0

Answer:

The answer is $254,100

Explanation:

$254,100.

We begin by summing the Beginning raw materials inventory of $ 12,000 with the Raw materials purchased 254,000

12,000 + 254000

= Materials available = $266,000

Less ending raw materials inventory 7,900

Less indirect materials used 4,000

7,900 + 4000

=11,900

We have to subtract 11,900 from 266,000

= 266000 - 11900

=$254,100

Direct materials used in production

$254,100

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Suzanne is excited about a black friday sale in which big-screen tvs are advertised for only $400. however, when she gets to the
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Answer:

Bait and Switch

Explanation:

Bait and switch is a deceptive sales technique that draws customers in with the promise of low prices and then "switches" to say that the promised item is not available. It is actually illegal under <em>some </em>circumstances in the United States.

8 0
3 years ago
Last year, Forest Products issued both 5-year and 10-year bonds at par. The bonds each have a coupon rate of 5.5 percent, paid s
Anna007 [38]

Answer:

Price at issuance is $1,000 for both bonds.

Price of the 5 year bond after the market rate increased to 7.4% is:

PV of face value = $1,000 / (1 + 3.7%)⁸ = $747.77

PV of coupon payments = $27.50 x 6.81694 (PV annuity factor, 3.7%, 8 periods) = $187.47

Market price = $935.24

this bond's price decreased by 64.76/1,000 = 0.06476 = 6.48%

Price of the 10 year bond after the market rate increased to 7.4% is:

PV of face value = $1,000 / (1 + 3.7%)¹⁸ = $519.97

PV of coupon payments = $27.50 x 12.97365 (PV annuity factor, 3.7%, 18 periods) = $356.78

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this bond's price decreased by 123.25/1,000 = 0.12325 = 12.33%

5 0
3 years ago
During 2022, Oriole Company sold equipment with a book value of $158400 for proceeds of $191400. The company purchased new equip
kramer

Answer:

Cash Inflow of $191,400

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400

5 0
3 years ago
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of th
Rama09 [41]

The selling price of one unit of products less the variable manufacturing expenses is the contribution margin per unit. The amount that each sale contributes to covering fixed costs is known as the contribution margin per unit. It will show the profit per unit sold once the fixed costs have been paid.

<h3>How to find the Contribution margin per unit and Contribution margin per welding hour?</h3>

Computation of Contribution margin per unit (Assuming Direct Labor exists Fixed cost)

Manufactured

Purchased WVD drums  WVD drums    Bike frames

Selling price                            $233.00 $233.00 $344.00

Variable costs:  

Direct materials                      $201.00 $52.10 $112.00

Variable manufacturing overhead $0.00 $1.35 $1.90

Variable selling and administrative  $0.75  $0.75  $3.40

Total variable cost                          201.75  54.2 $117.30

Contribution margin per unit $31.25 $178.80 $226.70

Computation of Contribution margin per welding hour

Manufactured

                                                   WVD drums        Bike frames

Contribution margin per unit          $178.80              $226.70

Welding hours per unit                         0.4              0.5

Contribution margin per welding hour   $447.00      $453.40

Ranking                                                     2                 1

To learn more about contribution margin per unit refer to:

brainly.com/question/15684424

#SPJ4

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2 years ago
When an individual creates a false corporation to shield or hide wrongdoing by the individual, this is called a corporate veil.
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