Answer:
c. $97,400
Explanation:
The formula to compute the cost of goods manufactured is shown below:
= Direct material used + Direct labor used + Manufacturing Overhead
where,
Manufacturing Overhead would be
= Factory overhead + Beginning work-in-process - Ending work-in-process
= $54,100 + $10,900 - $11,500
= $53,500
Now the value would be
= $19,200 + $24,700 + $53,500
= $97,400
Answer:
cannot pay or charge interest
Explanation:
Islamic banks do not charge interest. The banks are based on Sharia law. Islamic banks make a profit through equity participation.
I hope my answer helps you
Answer:
$1,050,000
Explanation:
Given that,
Sox corporation purchased a 35% interest in hack corporation for $1,750,000.
On November 1, 2018, hack declared and paid dividends = $2.0 million
On December 31, hack reported a net loss during the year = $4.3 million
Carrying value:
= Purchased value - 35%(Dividend value)
= $1,750,000 - (0.35 × $2,000,000)
= $1,750,000 - $700,000
= $1,050,000
Net loss of Sox = 35% of net loss during the year
= 0.35 × $4,300,000
= $1,505,000
Since, the carrying value is less than the net loss of sox. Therefore, the net loss of $1,050,000 to be recognized by the sox corporation.
Direct material
0.1×40
=4
Direct labor
12×0.25
=3
Manufacturing overhead
18×0.25
=4.5
the total standard cost for one unit of product is
4+3+4.5=11.5....answer
