Accounting adds and subtracts numbers billing etc.
Bookkeeping just organizes and stores imformation.
The following accounts would appear on a schedule of cost of goods manufactured- Depreciation of factory equipment
Explanation:
<u>The cost of goods manufactured (COGM) schedule</u> is used to calculate the cost of all the items produced during a given reporting period.
<u>The cost of good manufactured schedule</u> gives companies an idea about their production cost(i.e whether it is too high or low) in relation to the sales they are making
<u>The formula to calculate the COGM i</u>s:
Add: Direct Materials Used
Add: Direct Labor Used
Add: Manufacturing Overhead
Add: Beginning Work in Process (WIP) Inventory
Deduct: Ending Work in Process (WIP) Inventory
= COGM
Answer:
21,000 units
Explanation:
The number of units expected to sold in May is the combination of expected sales volumes in Territory W,Territory X and Territory Y.
In other words,total sales volume is the addition of all segments' sales volume.
Territory W has expected sales of 6,000 units
Territory X has expected sales of 7,000 units
Territory Y has expected sales of 8 000 units
Total units expected to be sold=6,000+7,000+8,000
=21,000 units
The expected production could be computed as expected sales volume +desired ending inventory minus desired opening inventory
