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dybincka [34]
3 years ago
5

Bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $ 25,

800 $ 21,800 Work in process $ 17,800 $ 10,800 Finished Goods $ 48,800 $ 56,800 Additional information: Raw materials purchases $ 72,800 Direct labor cost $ 92,800 Manufacturing overhead cost incurred $ 42,880 Indirect materials included in manufacturing overhead cost incurred $ 4,080 Manufacturing overhead cost applied to Work in Process $ 41,800 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold.
Business
1 answer:
Law Incorporation [45]3 years ago
5 0

Answer:

cost of goods manufactured= $218,400

COGS= $210,400

Explanation:

<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= 17,800 + (25,800 + 72,800 - 21,800) + 92,800 + 41,800 - 10,800

cost of goods manufactured= $218,400

<u>Now, we can determine the cost of goods sold:</u>

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

COGS= 48,800 + 218,400 - 56,800

COGS= $210,400

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The modified accelerated cost recovery system (MACRS):Multiple ChoiceIs required for financial reporting.Does not allow partial
fredd [130]

Answer:

Therefore, the modified accelerated cost recovery system (MACRS): is included in the U.S. federal income tax rule for depreciating assets.

Explanation:

The U.S. federal income tax rules for depreciating assets is the modified accelerated cost recovery system (MACRS). It is the current system allowed in the nation of the United States for tax computation deductions on account of depreciation for depreciable assets (other than intangible assets).

Therefore, the modified accelerated cost recovery system (MACRS): is included in the U.S. federal income tax rule for depreciating assets.

6 0
3 years ago
Starbucks CEO Howard Schultz has made sure his employees have health insurance and work in a positive environment. He could best
Leya [2.2K]

Answer: Servant leader

Explanation: Servant leader is that leader whose main goal is to serve his followers and subordinates.  All the actions that a servant leader takes is to make sure that the needs of his followers are taken care of.

This theory is sometimes used in management also we the perception that employees are the most important asset and if they are provided with proper facility their productivity will be at full, leading to development of organization.

In the given case, Starbucks CEO is taking utmost care of his employees. Hence, it is clearly a Servant leader example.

3 0
2 years ago
Benson Corporation manufactures car stereos. It is a division of Berna Motors, which manufactures vehicles. Benson sells car ste
Alla [95]

Answer:

Potential loss to the whole corporation = $(60,000)

Explanation:

The Benson  Division is operating at full capacity, hence it has no excess capacity .

This implies that it can not produce enough to meet both demand of  internal and external buyers.

<em>Hence, Benson Division  cannot accommodate the demands of the Berna Division at a price lower than the external price, because it will result to a loss in contribution.</em>

To maximize and optimize the group's profit in this scenario, the minimum transfer should be:

Minimum transfer price = External selling price - savings in selling cost resulting from in internal transfer

= $86-3= 83

Minimum transfer price = $83.

Effect on Group's profit

<em>Any unit transferred at a priced lower than $83 would result in a unit loss to the Benson Division equal to $83 minus the transfer  price.</em>

<em>Any unit transferred to Berna at a price lower that its current purchase cost would save the division an amount equal to the current purchase cost  minus the forced transfer price.</em>

The potential loss to the organization as a whole would be computed as the net effect of the following:

Lost contribution by Benson : The difference between the Minimum transfer price and the transfer imposed by the group company multiplied by the quantity transferred.

Savings made by the Berna Division : The difference between the forced transfer price and current purchase of Berna.

We can summarize the effect of the forced transfer price on the whole corporation as follows:

Lost contribution per unit = 83 - 35= 48 .

Savings made per unit = 80 - 35 = 45

                                                                                       $

Total lost contribution by Benson

(48 × 200,000)                                                         (960,000)            

Savings made by Berna as result of the transfer

(45 × 200,000)                                                          <u>900,000</u>

Potential loss to the group                                       <u> (60,000)</u>

Potential loss to the whole corporation = $(60,000)

5 0
2 years ago
You have a loan outstanding. It requires making six annual payments of $ 6 comma 000 each at the end of the next six years. Your
BlackZzzverrR [31]

Answer: The final payment would be: $42919,74.

Explanation: To simplify the work we must make a timeline:

0            1               2             3           4              5               6

        $6000      $6000     $6000    $6000    $6000       $6000

These would be the normal conditions of the loan.

but if instead of making the 6 payments only one is made at the end:

We must use the FV annuity formula:

6000 × \frac{(1+0,07)^{6} - 1 }{0,07} = <u>42919,74</u>

8 0
2 years ago
Juan is a salesperson for Floor Masters, Inc. He really appreciates the amount of freedom and authority the company gives its sa
Free_Kalibri [48]

Answer:

A. Empowerment

Explanation:

Empowerment in salesmanship refers to the authority given to the salesperson by the organization he represents, while he markets his product to people. Empowering the salesperson is important because it ensures that sales move with speed since the sales people do not have to report back to the management, before they make urgent decisions in the field.

This is what Juan experiences as he is given the authority and freedom by his organization to better meet the needs of customers.

4 0
3 years ago
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