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3 years ago

Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.

Business

1 answer:

telo118 [61]3 years ago

6 0

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

The cost of goods manufactured is

= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

= $349,900

Now the cost of goods sold is

= Beginning finished goods + Cost of goods manufactured - ending finished goods

= $70,900 + $349,900 - $49,100

= $371,700

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Answer:

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Explanation:

Book Value Per Share = Equity Applicable / Number of Shares Outstanding

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3 years ago

The following events apply to Guiltf Seafood for the 2018 fiscal year:

Paladinen [302]

Answer:

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Explanation:

Note: See the attached excel file for the horizontal statements model.

In the attached excel file, we have:

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From the attached excel file, the accounting equation can be proved from the balances as follows:

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Cash + Equipment - Accumulated depreciation = Common stock + Retained = $46,460

Download xlsx

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2 years ago

What is a cottage industry?

MatroZZZ [7]

Cottage Industry is a business or manufacturing activity carried on in a person's home.

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3 years ago

As Markel drives buy a local restaurant, he realizes that he hasn’t eaten all day and is famished. He stops at the restaurant, a

DochEvi [55]

Answer:

1. low- involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.

Explanation:

Consumer decision making process includes all the steps between consumer's generation of needs/wants and final purchase of the product.

The process comprises of below mentioned 5 stages:

Need recognition : whereby a need is generated
Search for information so as to identify products satisfying such needs
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3 years ago

Most evidence indicates that U.S. stock markets are _______________________.A. reasonably weak-form and semistrong-form efficien

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Answer:

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