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lilavasa [31]
3 years ago
14

Toan Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at t

he end of the month. In September the company completed job S80M that consisted of 23,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job S80M shows the following costs:
Beginning balance $ 66,700
Direct materials $494,500
Direct labor cost $158,700
Manufacturing overhead cost applied $269,100

During the month, the actual manufacturing overhead cost incurred was $270,020 and 3,000 completed units from job S80M were sold. No other products were sold during the month.

The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for September is closest to:
Business
1 answer:
Lerok [7]3 years ago
5 0

Answer:

$129,000

Explanation:

The computation of the unadjsuted cost of goods sold is shown below:

Before that we need to compute the total cost and cost per unit which are as follows

Total cost

= Beginning balance + Direct materials + Direct labor + Manufacturing overhead cost applied

= $66,700 + $494,500 + $158,700 + $269,100

= $989,000

And, Units completed is 23,000 units

So, the cost per unit is

= Total cost ÷ Number of units completed

= $989,000 ÷ 23,000 units

= $43

And, the number of units sold is 3,000 units

So, the cost of good sold unadjusted is

= Number of units sold × cost per unit

= 3,000 units × $43

= $129,000

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Item 5Item 5Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all
grigory [225]

Answer:

right to private property and inheritance

Explanation:

The capitalistic system states that individuals are allowed to own their and enjoy their own personal property. In each country laws generally subordinate the right to private property to the well being of society.  

The right to inheritance refers to the right that an individual has to decide who will own his/her properties after they pass away. Unless stated otherwise, a person's offsprings are generally entitled to inherit the person's properties.

In this case, Chet is entitled to own his landscaping business (private property) and when he passes away his son, Josh, will inherit it.

6 0
3 years ago
Ricardo conducts a survey to learn where consumers get information for buying used cars. This is an example of _____.
maxonik [38]

Answer:

both market research and marketing research APEX

Explanation:

7 0
3 years ago
When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typical
Gre4nikov [31]

When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typically called Anticipatory inventory.

<h3>What is Anticipatory inventory?</h3>
  • Anticipatory inventory is the stock that is continued to accord to the normal buyer interest. It is very like wellbeing stock however it contrasts as in this stock is generally kept occasionally when the interest for items can shift enormously.
  • This inventory enables a company to adapt to changes in customer demand.
  • It enables the company to constantly provide customer service.
  • When demand fluctuates, it enables the company to grow its operations.
  • This inventory type may resemble safety stock quite a bit. It varies from safety stock, though, in that it is kept on hand by the business to handle demand swings. This change reflects the anticipation of rising demand in the near future.
  • If a scarcity or price increase is anticipated soon, businesses might store more inventory.

Hence, this kind of inventory is frequently referred to as anticipatory inventory, such as when the grocery store orders a huge supply of chocolate candies right before Valentine's Day.

To learn more about inventory refer to:

brainly.com/question/15118949

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3 0
1 year ago
The capacity of a resource determines the ___________ number of flow units that can flow through that resource per unit of time.
Goryan [66]

Answer:

the answer for the particular blank is Maximum.

Explanation:

  • The efficiency of a resource specifies the maximum number of flow units per unit of time which can flow through that resource.
  • when a resource produce more and more products to its maximum capacity, then we can say that it is the maximum production unit of a resource in a particular time

higher capacity shows higher production..

so, maximum capacity shows maximum production

8 0
3 years ago
Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an aggregate plan for the next
Brums [2.3K]

Answer:

Wormwood limited

Production plan that will yield the least cost of $49,630 is shown in the attached document.

It entails maxing out the regular capacity from period 1 to 5, and using regular to produce only 140 units in period 6

It further entails using overtime to produce 10 units from period 1 to 5. And subcontracting only in period 4 to cover the demand/production gap.

This will keep inventory of 10 units in period 2, which is carried into period 3 and consumed in period 4.

4 0
3 years ago
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