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maw [93]
3 years ago
14

First​ Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00​, direct manufact

uring labor is $ 6.00​, and manufacturing overhead is $ 0.84 per pool cue. The following inventory levels apply to​ 2019: Beginning inventory Ending inventory Direct materials 26 comma 000 units 26 comma 000 units Workminusinminusprocess inventory 0 units 0 units Finished goods inventory 1 comma 700 units 3 comma 500 units On the 2019 budgeted income​ statement, what amount will be reported for cost of goods​ sold?
Business
1 answer:
Gnom [1K]3 years ago
5 0

Answer:

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

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Answer:

Market segmentation

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3 years ago
In 2011 modern electronics produce 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 2012, the s
disa [49]

Answer:

a. decreased by 4%

Explanation:

In 2011 modern electronics produce 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 2012, the same firm produce 76,500 calculators, employing 85 workers, each of whom worked 10 hours per day. Productivity at Modern Electronic increased by

In 2011 - 60,000 / (80 x 8) = 93.75 units per hour

In 2012 - 76,500 / (85 x 10) = 90 units per hour

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3 years ago
Which of the following is NOT true of credit scores?
lord [1]
What are the following?

4 0
3 years ago
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W Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a parti
WINSTONCH [101]

Answer: Total cost of the units completed and transferred out of the department was $229500.

Explanation:

Given that,

Total units were transferred out of the department during the month = 51,000

costs per equivalent unit for materials = $1.40

costs per equivalent unit for conversion costs  = $3.10

Therefore,

Total cost of the units completed and transferred out of the department was:

= Total units transferred × costs per equivalent unit for materials + Total units transferred × costs per equivalent unit for conversion costs

= 51000 × $1.40 +  51000 × $3.10

= 71400 + 158100

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4 0
2 years ago
A stock market boom causes consumer wealth to increase which results in consumer spending to increase. This increase results in
BaLLatris [955]

Answer:

The correct answer is: 10,71%.

Explanation:

The Gross Domestic Product (GDP) is a measure of the growth of an economy given a period. It considers <em>government expenditures, private investments, consumers' consumption, </em>and <em>net exports (exports minus imports)</em>. Real GDP, on top of what the GDP includes, accounts for fluctuations in prices which contributes reflecting a better picture of the growth of an economy.

In the example, <em>if the real GDP increases from $28,000 to $31,000, being "x" the percentage change and by the rule of three:</em>

$28,000 → 100%

$31,000  → <em>x</em>

x = \frac{(31,000)(100)}{28,000}

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Percentage change = 110,71% - 100% = 10,71%

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3 years ago
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