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larisa [96]
3 years ago
14

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro

cess inventory account was $29,000 at the beginning of the month and $20,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $56,400 and direct labor cost of $30,100. The actual manufacturing overhead cost incurred was $53,700. The manufacturing overhead cost applied to Work in Process was $52,400. The cost of goods manufactured for June was: Garrison 16e Rechecks 2017-09-15 Multiple Choice $140,200. $138,900. $148,700. $147,400.
Business
1 answer:
maw [93]3 years ago
5 0

Answer:

$147,400

Explanation:

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

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

= $56,400 + $30,100 + $52,400 + $29,000 - $20,500

= $147,400

We considered the applied manufacturing overhead cost instead of actual manufacturing cost

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Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey
Westkost [7]

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

4 0
2 years ago
Can someone assist with my question.... really important, semester coming up soon. Thank you in advance
tensa zangetsu [6.8K]
What is your question?
4 0
2 years ago
The time value of money theory consists in four beliefs: (1) Investment risk is important; (2) money today is worth more than mo
Schach [20]

Answer:

The four beliefs are true. But accuracy is demanded

Explanation:

1 Investment risk is important ir order to estimate the likelihood of occurrance of  losses in the future.

2. money today is worth more than <em>the same amount </em>of money tomorrow.

3. inflation must be considered when making investment decisions, because  makes money lose their value in the future.

4. investment opportunity costs must be considered. Is necessary to compare investments with financial products or other commercial activities.

4 0
3 years ago
Think about choices to include and choices to avoid when developing a mission statement. Drag and drop each of the following phr
sergeinik [125]

Answer and Explanation:

The categorization is as follows:

For Poor Mission Statements:

1. Lists all or all kinds of  the products the organization sells

2. is product-oriented

3. is very broad  or wide

4. is less or lower than seven words

For Good Mission Statements:

1.  Addresses customers the organization serves

2. Is meaningful  and relevant

3. Is specific  and determined

4. Describes the business the organization is in

5. is market-oriented

6. States what the organization wants to accomplish or achieve

8 0
2 years ago
Which of the following statements concerning chloroplasts is false?
ziro4ka [17]

Answer:

D) They are unrelated to plastid

Explanation:

Chloroplasts -

It is one of the organelles present in the plant cell , which is responsible for the process of photosynthesis .

The structure of a chloroplast , has two membranes one outer membrane and one inner membrane . The composition of chloroplast have stack of thylakoids , which are responsible for the photosynthesis .

This organelle is also called a plastid .

Hence , the incorrect statement is ( d ) .

8 0
3 years ago
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