Answer:
Cost of goods manufactured $ 123,460
Cost of goods sold: $ 126,360
Explanation:
<em>Raw materials </em>
beginning 9500
purchased 58740
ending <u> (16180) </u>
used in production 52060
<em>cost added </em>
materials 52060
direct materials 50330
overhead <u> 23960 </u>
total 126350
<em>COGM </em>
beginning WIP 5670
added 126350
ending WIP <u> (8560) </u>
COGM 123460
<em>COGS </em>
beginning FG 9700
COGM 123460
ending FG <u> (6800) </u>
COGS 126360
Answer:
The correct answer is letter "C": during the design phase.
Explanation:
In order to minimize costs during the production process of a good, it is better to identify potential issues during the design phase. It allows the organization to correct the problem and even improve the quality of the initially expected good. Besides, if the issues are corrected before the product is commercialized, it will avoid the company of being imposed lawsuits for not carrying out proper quality assurance inspections.
Answer:
b. depreciation reduces both the pretax income and the net income.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
An income statement comprises of the financial information about the income and expenses of an organization over a specific period of time.
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
Generally, it can be deduced from an income statement that depreciation reduces both the pretax income and the net income of a business firm or an organization.
The answer is settling on morally revise business choices.
