Answer:
The correct answer would be option A, $125800.
Explanation:
Cost of goods manufactured= Total costs + beginning work in process - Ending work in process
Total costs include Direct Materials, Direct labor and Factory Overheads. So the Above formula can be written as:
CGM = (Direct materials + Direct Labor + Factory overhead) + Beginning WIP - Ending WIP
Now
Direct Materials = Beginning raw materials + Purchased Raw Materials - Ending Raw materials
= 15200+60000-16600= 58600
Now Direct labor given is = 42800
And Factory Overheads = 30000
So,
Total costs= direct materials + Direct Labor + Factory Overhead
Total Costs= 58600 + 42800 + 30000
= 131400
Beginning work in process = 22400
Ending work in process = 28000
NOW Costs of Goods Manufactured/CGM = Total Cost + Beginning WIP -Ending WIP
= 131400+22400-28000
=$125800
Answer:
$2069
Explanation:
Given
Applied overhead costs of Goods sold = $59,300
Applied overhead cost of finished goods = $38,000
Overhead Balance = $97,300
Overhead Cost = $92,000
Overapplied Overhead = Overhead Balance - Overhead Cost
Overapplied Overhead = $97,300 - $92,000
Overapplied Overhead = $5,300
Allocated Amount = (Applied Overhead * Finished Goods /(Overapplied Overhead)
Allocated Amount = ($5,300 * $38,000) ($59,300 + $38,000)
Allocated Amount = ($5,300 * 38,000) (97,300)
Allocated Amount = $2069
Answer:
(a)
Mathematical Equation for break-even
F = QP - QV
Where
F = fixed cost
Q = Break-even quantity
P = Selling price
V = Variable cost
F = Q ( P - V )
Q = F / ( P - V )
Q = $327,030 / ( $630 - $300 )
Q = $327,030 / $330
Q = 991 units
(b)
Contribution Margin = Price per unit - Variable cost per unit
Contribution Margin = $630 - $300 = $330
Break-even Point in Units = Fixed Cost / Contribution margin per unit
Break-even Point in Units = $327,030 / $330 = 991 units
Explanation:
Mathematical equation use the the break-even equation which represent the behavior of each element towards the break-even point.
Contribution per unit method use the contribution of each unit to calculate the break-even point.
Answer:
for mutual benefits
Explanation:
A joint venture is a business arrangement made between two parties that agree to come together and unite all of their resources in order to accomplish a specific common goal. Joint ventures are usually formed for mutual benefits, both companies involved benefit greatly from reaching the end-goal that they are working towards, but which neither company could do it without the other's resources.
