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astraxan [27]
3 years ago
10

Manufacturing overhead has an underallocated balance of $12,400; raw materials inventory balance is $145,500; work in process in

ventory is $122,800; finished goods inventory is $140,300; and cost of goods sold is $170,500. After adjusting for the underallocated manufacturing overhead, what is cost of goods sold
Business
1 answer:
Gekata [30.6K]3 years ago
7 0

Answer:

$182,900

Explanation:

With regards to the above, after adjusting for the under allocated manufacturing overhead, cost of goods sold would be

= Under allocated balance of manufacturing overhead + cost of goods sold

= $ 12,400 + $170,500

= $182,900

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merchandise is sold for cash. the selling price of the merchandise is $2,600, and the sale is subject to a 6% state sales tax. t
love history [14]

The journal entry for the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.

The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the retailer, and paid to the government. Companies must first apply for a sales tax permit from their state's department of taxation in order to be able to collect sales tax from customers. Every time a customer makes a purchase, businesses collect sales tax, which they subsequently monthly or quarterly send to the state.

As the selling price of the merchandise is $2,600 and the state sales tax is 6%, this means that 6% of $2,600 has to be paid to the state governing body.

Sales tax = 6% of 2600

Sales tax = 6/100 × 2600

Sales tax = 0.06 × 2600

Sales tax = $156

Therefore; the entry to journalize the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.

To know more about  sales tax refer:

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8 0
1 year ago
The _____ stage of the Change Management Continuum Model demonstrates a positive impact on the organization.A. internalizationB.
gladu [14]

Answer:

The correct answer to the following question will be Option C (Adoption).

Explanation:

The adoption stage falls under the Change Management Continuum System educational process. This explains the change which has shown a significant or positive impact on the corporation.

The mental process by which a person moves from the first hearing about such an invention to actual adoption is the acceptance process for either a new product.

There are five stages are in the Adoption stage:

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Therefore, Option C is the right answer.

3 0
3 years ago
10. The overall levels of income, employment, and prices are determined by the spending and production decisions
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A. Households

B. Businesses

C. Government

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7 0
2 years ago
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Murljashka [212]

Answer:

$88.75

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I hope the answer is helpful.

Thanks for helping.

3 0
3 years ago
WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C
True [87]

Answer:

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