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Ierofanga [76]
3 years ago
8

In September, Jeanette Company purchased materials costing $34,400 and incurred direct labor cost of $22,100. Manufacturing over

head totaled $58,000 for the month. Information on inventories was as follows: September 1 September 30 Materials $10,300 $9,800 Work in process 6,500 7,400 Finished goods 3,630 2,970 What was the cost of direct materials used in production for the month of September? a. $34,900 b. $33,900 c. $35,300 d. $33,500
Business
1 answer:
DedPeter [7]3 years ago
7 0

Answer:

a. $34,900

Explanation:

The computation of the cost of direct material used is shown below:

= Opening balance of raw material + purchased materials - ending balance of raw material

= $10,300 + $34,400 - $9,800

= $34,900

Hence, the correct option is a.

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Nature’s Crunch is currently the only certified organic produce grower in a region that produces lots of non-organic produce alt
aliya0001 [1]

Answer:

The correct answers are letters: "A", "B", "C", and "D".    

Explanation:

As a monopoly, Nature's Crunch will be benefited in profit terms if any chemical involved non-organic vegetables growing process is affected somehow. Then, <em>a tomato blight affecting chemically treated plants, an increase in the cost of chemical pesticides, and a new report about the environmental dangers of chemically treated plants</em> would automatically generate more sales for Nature's Crunch. Besides, it does not matter under what scenario, <em>income tax cuts</em> <em>for all consumers</em> will generate more revenue both for organic and non-organic industries.

7 0
3 years ago
Which of the following is excluded from calculations of GDP?
Vinil7 [7]

Answer: All of the above.

Explanation: None of the listed options would be included when calculating the gross domestic product of a country. This is so because gross domestic product only calculates the total value of commodities/services produced by a country during a fixed time frame.

8 0
2 years ago
Nolan Company's cash account shows a $22,064 debit balance and its bank statement shows $22,531 on deposit at the close of busin
Bezzdna [24]

Answer:

Nolan Company

Bank Reconciliation

June 30

                                                                                                     $

Balance per cash book                                                            22,064

Less: Bank Service charges                                                    (       24)

Add: Error in  recording payment ( $ 59- $ 50)                                9

Add: Interest earned                                                               <u>         27</u>

Adjusted balance per cash book                                           <u> 22,076</u>

Balance per bank statement                                                    22,531

Less: Outstanding checks                                                       (  2,655)

Add; Deposits in Transit                                                           <u>   2,200</u>

Adjusted balance per bank statement                                     <u>22,076</u>      

     

Explanation:

The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of  $ 50 results in an overpayment and the correction needs to be added to the cash book balance

the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.

3 0
3 years ago
Assuming the Fashion line is discontinued, total fixed costs remain unchanged, and the space formerly used to produce the Fashio
horrorfan [7]

Answer:

A) Increase $137,500

Explanation:

Calculation for how will operating income be affected

CHANGE IN OPERATING INCOME

Sales Revenue (Additional) $850,000

(250 %* 340,000)

Less Variable expenses (Additional) ($587,500)

(250 % *$ 235,000)

Contribution Margin $ 262,500

($850,000-$587,500)

Less Fixed Expenses ($76,000)

($262,500-$76,000)

Operating Income $ 186,500

( $ 262,500-$76,000)

Less Previous Operating Income ($49,000)

Operating Income $137,500 Increase

($ 186,500-$49,000)

Therefore the operating income will increase by $137,500

7 0
2 years ago
The Law of Demand states that when the price of a good rises, the Quantity Demanded will (Click to select) . b. The Law of Deman
lord [1]

Answer: See explanation

Explanation:

a. The Law of Demand states that when the price of a good rises, then the Quantity Demanded will (fall)

b. The Law of Demand states that when the price of a good falls, then the Quantity Demanded will (rise).

According to the law of demand, when there's an increase in the price of a product, there'll be a reduction in the quantity of the good that will be demanded by the consumers and vice versa.

5 0
2 years ago
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