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2 years ago

Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:

Business

1 answer:

astra-53 [7]2 years ago

7 0

Answer:

cost of goods manufactured= $98,000

Explanation:

Giving the following information:

Direct materials used $19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300

cost of goods manufactured= $98,000

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Lark had net income for 2018 of S103,000. Lark had 38,000 shares of common stock outstanding at the beginning of the year and 44

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Answer:

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Explanation:

given data

net income = $103,000

common stock outstanding beginning = 38,000 shares

common stock outstanding ending = 44,000 shares

preferred stock outstanding = 5,000 shares

paid preferred dividends = $29,000

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to find out

Lark's price earnings ratio

solution

first we get here average no of equity share that is

average no of equity share = common stock outstanding beginning + common stock outstanding ending ÷ 2

average no of equity share = $\frac{38000+44000}{2}$

average no of equity share = 41000 share

and

earning per share will be here as

earning per share = ( net income - paid preferred dividends ) ÷ average no of equity share

earning per share = $\frac{103000-29000}{41000}$

earning per share = $1.80

so here price earning ratio will be as

price earning ratio = $\frac{market\ price\ common\ share}{earning\ per\ share}$

price earning ratio = $\frac{35}{1.80}$

price earning ratio = 19.44 times

so correct option is c. 19.44

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