1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nezavi [6.7K]
3 years ago
12

The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current info

rmation for the Duerr Company follows:
Beginning raw materials inventory $28,000
Ending raw materials inventory 31,000
Raw material purchases 105,000
Beginning work in process inventory 40,000
Ending work in process inventory 50,000
Direct labor 130,000
Total factory overhead 105,000
Beginning finished goods inventory 80,000
Ending finished goods inventory 60,000
The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is:________.
A. Cost of Materials Used Cost of Goods Manufactured Cost of Goods Sold
$105,000 $327,000 $307,000
B. $100,000 $327,000 $342.000
Business
1 answer:
Gemiola [76]3 years ago
6 0

Answer:

Direct material used= $102,000

Cost of goods manufactured= $327,000

COGS= $347,000

Explanation:

<u>First, we need to calculate the cost of direct material used:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 28,000 + 105,000 - 31,000

Direct material used= $102,000

<u>Now, the cost of goods manufactured:</u>

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

cost of goods manufactured= 40,000 + 102,000 + 130,000 + 105,000 - 50,000

cost of goods manufactured= $327,000

<u>Finally, the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 80,000 + 327,000 - 60,000

COGS= $347,000

You might be interested in
Consider a hypothetical closed economy in which households spend $0.75 of each additional dollar they earn and save the remainin
Nata [24]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) Marginal propensity to consume (MPC) for this economy is 0.75 as it denotes the spending of the household and saving of 0.25 and the spending multiplier for this economy is

= Spending Multiplier(M)

= 1 ÷ 1 - MPC

= 1 ÷ 1-0.75

= 1 ÷ 0.25

= 4

2). Decrease in government purchases will lead to a decrease in income, generating an initial change in consumption

= -Amount of Government Decrease Purchases by × MPC

= -$250 billion × 0.75

= -$187.5 billion

3). Decrease income again, causing a second change in consumption

= Amount Decrease in Government Purchases × MPC

= -$187.5 billion × 0.75

= $140.6 billion

4).Total change in demand resulting from the initial change in government spending

=  Amount of Government Decrease Purchases by × Spending Multiplier(M)  

= $250 × 4

= $1,000 billion

= $1 trillion

As we can see that the income falls by $1000 billion in the end, so AD shifts to the left by the size of $1 trillion

In the question the graph is missing. Kindly find the attachment for both of question and answer

5 0
2 years ago
Fraternity is protected under the ..
nasty-shy [4]
None of them is the answer
7 0
2 years ago
Human resources that perform the functions of organizing, managing, and assembling the other factors of production are
tatiyna

Answer:

The correct answer is letter "A": entrepreneurs.

Explanation:

Entrepreneurship is the factor of Human Resources (HR) by which representatives are in charge of coordinating with different departments on how to allocate labor force to achieve the business operations effectively. In some cases, some policy decisions and risks will have to be taken by them.

4 0
3 years ago
Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.
Ivan

Answer:

  910.18

Explanation:

After Chin's down payment the amount borrowed is ...

  (1 - 20%)($180,000) = 0.80·$180,000 = $144,000

The amount of the payment is given by the amortization formula ...

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

for P borrowed at rate r for t years, compounded n times per year.

  A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18

The monthly loan payments will be 910.18.

6 0
3 years ago
Swen Inc. is a global retail chain based in New York. It expands into France and sends Gerard, an American citizen and a trusted
Soloha48 [4]

Answer:

The correct answer is D

Explanation:

Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.

In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.

3 0
3 years ago
Other questions:
  • Shopping situations can influence purchases. brenda was planning a small dinner party, and had gone to a new specialty food stor
    10·1 answer
  • 2) You purchase one MBI July 125 call contract (equaling 100 shares) for a premium of $5. You hold the option until the expirati
    13·1 answer
  • Thirty-five percent of the world's commercial energy is produced from _______.
    9·1 answer
  • Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot
    7·1 answer
  • Assume an organization's current service level on order fill is as follows:
    13·1 answer
  • You just obtained a loan of $16,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is t
    11·1 answer
  • The Wheeler-Lea Act: a. expanded the FTC's authority to regulate advertising. b. limited the FTC's authority to regulate only ad
    5·2 answers
  • Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price—hourly wage rate $16.70, payroll
    7·1 answer
  • Managerial implications for the SDT theory include: Group of answer choices to motivate high performance for uninteresting jobs
    10·1 answer
  • Hello can someone help me with this because i'm confused about it
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!