Answer:
$162,000
Explanation:
The amount of cost of goods manufactured is computed as
= Labor cost + Direct materials purchased + overhead costs - ending balance of materials - ending balance of work in process
= $57,000 + $25,000 + $88,000 - $3,000 - $5,000
= $162,000
Hence, the cost of goods manufactured is $162,000
Answer:
<u>A</u>
<u>Explanation</u>:
In this scenario note that it resulted to total dollar cost of the minutes provided been greater than the budgeted cost of estimated minutes.
Key word there is that the cost incurred is now above the budget, <u>therefore it is very likely that the technicians were being less competent than anticipated at their level, leading to greater cost.</u>
Answer:
$72,800
Explanation:
Book value:
= Value of bonds + Unamortized bond premium
= $1,000,000 + $92,800
= $1,092,800
Paid at redemption:
= 102% of value of bonds
= 102% × $1,000,000
= $1,020,000
Gain on bond retirement:
= Book value - Paid at redemption
= $1,092,800 - $1,020,000
= $72,800
Therefore, gain should be recognized on this bond retirement will be $72,800.
Answer:
$100,000 and $2,500
Explanation:
The computation of the principal and the interest due at the end of the 6 months is shown below:
As we know that
Simple interest is
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 5% × (6 months ÷ 12 months)
= $2,500
The total amount would she paid is
= Principal + interest
= $100,000 + $2,500
= $102,500
Answer:
Safety stock
Explanation:
Safety stock defines When the lead time for delivery of the item rises in a typical inventory reordering situation, the safety stock would need to be increased if the possibility of stockout is to remain unchanged.
Therefore, according to the given situation the correct answer is safety stock as The lead time of the item improves, the safety stock would need to be increased if the risk of stockout inventory remains the same
