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
Mila [183]
3 years ago
13

irect materials purchased (on account) $9,200 Conversion costs incurred 14,600 Number of guitars produced 400 guitars Number of

guitars sold (on account, at $575 each) 340 guitars The beginning balance of Finished Goods Inventory was $2,150. Use a T-account to find the ending balance of Finished Goods Inventory.
Business
1 answer:
faltersainse [42]3 years ago
7 0

Answer:

The balance at the end of the period is equal to 5,720.

Explanation:

At the beggining, the balance of Finished goods was 2,150. During the period, there were many movements:

  • Debits: all the direct materials and conversion costs go to the debit of the account (they increases the balance).
  1. Total of materials and conversion = 9,200 + 14,600 = 23,800
  2. Guitars produced = 400
  3. Cost per guitar = 23,800/400 = 59,5
  • Credits: the guitars sold go to the credit of the account (they disminishes the balance) Total of guitars sold =340. Total of credit = 340 * 59,5 = 20,230 (the value of credit is the same of the cost, the price goes to the sales)
  • Total balance at ending = 2,150 + 23,800 - 20,230 = 5,720
You might be interested in
Why should we hire you? Is this a behavioral, situational,&/or job knowledge/worker requirement interview question
Ivenika [448]

Answer:

It's a behavioral and situational question.

Explanation:

4 0
3 years ago
Which of the following is the correct statement about fixed costs? The fixed cost per unit will decrease when volume increases.
Montano1993 [528]

Answer:

The correct statement is: "The fixed cost per unit will decrease when volume increases."

Explanation:

Total fixed costs remain the same within a relevant range, but the <em>fixed cost per unit</em> decreases as production increases, because the same fixed costs are spread over more units produced.

6 0
3 years ago
Where's the best place for a 17 year old to work at.<br> ps. im 17
mars1129 [50]

Finding the right place to be a waitress at could be really good :) But if you're not too inclined to rely mostly on tips here's a list of good places that have some benefits (free food, flexible schedule, etc.)


  1. McDonalds
  2. Lifeguard
  3. Babysitter
  4. Chipotle
  5. Gas stations (I know someone who works there who says they offer a very flexible schedule)
  6. Gap
  7. Subway
  8. Sonic
  9. Little Cesar's
  10. Rue 21 (or other stores similar to that)
  11. Starbucks (they offer amazing benefits!)
  12. Target
  13. Apple support (I believe they send you a computer and all to be able to work and you also get discounts)

You can find plenty more online. Keep in mind that at 17, you can practically work anywhere! Good luck & hopefully this helped!! :))

4 0
3 years ago
Read 2 more answers
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of u
Allushta [10]

Answer:

The variable costing unit product cost was <u>$69.</u>

Explanation:

Variable Product Costing is a situation whereby only the variable costs of production is taking into account to estimating the cost per unit of a product. This implies that none of the fixed cost will be included in the cost of the product.

Based on the explanation above, the variable costing unit product cost to produce a single product by Kray Inc. can be calculated as follows:

Kray Inc.

Calculation of Variable Costing Unit Product Cost

<u>Particulars                                                          Amount ($)     </u>

Direct materials                                                        40

Direct labor                                                               19

Variable manufacturing overhead                           8

Variable selling and administrative expense     <u>     2      </u>

Variable cost per unit                                          <u>     69     </u>

Therefore, the variable costing unit product cost was <u>$69.</u>

5 0
3 years ago
What is a disadvantage of government bonds?
PolarNik [594]
The disadvantage of government bonds is that the government keeps the money
7 0
3 years ago
Other questions:
  • The _______________ and the _____________________ along with the Funding Plan should be established early on in the Joint Capabi
    9·1 answer
  • The front office staff at marriott hotels has a preshift meeting at 7:00 am every morning. as general manager, you are expected
    5·1 answer
  • Midori Company had ending inventory at end-of-year prices of $138,500 at December 31, 2013; $165,771 at December 31, 2014; and $
    14·1 answer
  • 81. The forward rate of the Swiss franc is $.50. The spot rate of the Swiss franc is $.48. The following interest rates exist: U
    8·1 answer
  • The information below pertains to Barkley Company for 2015.
    7·1 answer
  • Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average
    11·2 answers
  • If speech is merely for amusement, it is a(n) _____ form of speech.
    14·2 answers
  • A setback of affirmative action is that: a. those benefitting from affirmative action begin to experience self-doubts about thei
    11·1 answer
  • Assume that investment spending
    10·1 answer
  • Your company has developed and implemented countermeasures for the greatest risks to their assets. However, there is still some
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!