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klasskru [66]
3 years ago
12

Assume the following information from a schedule of cost of goods manufactured:

Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

Answer:

The manufacturing overhead applied to work in process is:

D. $79,000

Explanation:

a) Data and Calculations:

Beginning work in process inventory          30,000

Direct materials used in production            50,000

Direct labor                                                   60,000

Total manufacturing costs to account for 219,000

Manufacturing overhead applied to WIP   79,000 (219,000 - 140,000)

Ending work in process inventory              72,000

b) The manufacturing overhead applied to Work in Process is the difference between the total manufacturing costs to account for and the costs of beginning work in process, direct materials, and direct labor for the period.  When the ending work in process is deducted from the total manufacturing costs, the resulting figure represents the cost of goods transferred to finished goods inventory.

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Adieu Enterprises, based in Toronto, decides to expand into the South American market. To do so, it establishes a separate opera
Molodets [167]

Answer:

The correct answer is: Wholly-owned subsidiary.

Explanation:

A Wholly-owned subsidiary is a company whose common stock is 100% owned by another company. When a company owns less than 50% of another company it holds a minority interest in that company. With a wholly owned subsidiary, the parent company can control all production, management, and profits but it also shares costs and responsibilities.

6 0
3 years ago
Greater resource prices _______ the costs of production, thereby, ______ the incentive for firms to produce the good at each pri
RoseWind [281]

Greater resource prices increases the costs of production, thereby,  reducing  the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.

Costs of Production

All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.

To learn more about Costs of Production

brainly.com/question/13738783

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3 0
2 years ago
Which of the following actions would be an acceptable response by the Federal Reserve to an economic downturn?
Mamont248 [21]

Answer:

Raise the discount rate

Explanation:

might be the answer

4 0
2 years ago
You are required to spend the next year of your life in either in the past or the future. What year would you travel to and why?
elena-14-01-66 [18.8K]

I would live my life in the past because I would already know what would be happening in my life. I would be able to change the future for the better. If I were to live 1 year in the future the world can be completely different, and I wouldn't have a clue on how it changed.  

7 0
3 years ago
Read 2 more answers
If the inflation rate was 3.40% and the nominal interest rate was 5.60% over the last year, what was the real rate of interest o
DiKsa [7]

Answer:

2.1276%

Explanation:

\ $Real Rate$  =   \frac{1+nominal}{1+inflation}  - 1

1.056/1.034 -1 = 0,021276595744681  rounding to 4 decimal places:

2.1277%

<u>The reasoning behind this formula is the following:</u>

there is a rate that generate the combine effect of the nominal and the inflation rate

Principal (1+real rate)  = Principal x (1+nominal) / (1+ inflation)

removing the principal for clearence:

1+real rate =(1+nominal) x (1+ inflation)

real rate = (1+nominal) x (1+ inflation)  - 1

4 0
3 years ago
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