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Alexxandr [17]
3 years ago
7

During a reporting period, a computer manufacturing company used raw materials of $50,000, had direct labor costs of $75,000, an

d factory overhead of $30,000. other expenses were for advertising of $5,000, staff salaries of $10,000, and bad debt of $3,000. the company did not have a beginning balance in any inventory account. all goods manufactured during the period were sold during the period. what amount was the company's cost of goods sold during the reporting period
Business
1 answer:
sammy [17]3 years ago
3 0
<span>To calculate the cost of goods sold we use the following formula:
 beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
 Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period. Adding up all costs for the period comes to $173,000.</span>
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3 years ago
Consider the following two stocks, A and B. Stock A has an expected return of 10% and a beta of 1.20. Stock B has an expected re
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Answer: Stock B

Explanation:

Use CAPM to calculate the required returns of both stocks.

Stock A

Required return = Risk free rate + beta * ( Market return - risk free rate)

= 5% + 1.20 * (9% - 5%)

= 9.8%

Stock B

Required return = 5% + 1.8 * (9% - 5%)

= 12.2%

Both of them have Expected returns that are higher than their Required returns so both of them are good buys.

The better buy would be the one that has more expected value excess over required return.

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7 0
2 years ago
Nguyen Inc. applies overhead to products based on direct labor hours using normal costing. During 2016, total overhead costs wer
jek_recluse [69]

Answer:

overhead rate: 17.5

Explanation:

The difference between applied an actual overhead is calculated as follows:

actual hours x overhead rate - actual cost = over or underapplied overhead

underapplied means actual were higher than applied

while, overapplied means the actual cost were lower.

Based on this information we can set up the foermula as follows:

overhead rate x 32,000 -540,000 =  20,000

now we solve for the rate:

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3 years ago
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Answer:

D pon

Explanation:

yung tv, radio, and print

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