Answer:
<u>Cost of goods manufactured schedule for the month ended June 30, 2017</u>
Raw Materials $46,720
Direct Labor $51,740
Manufacturing Overhead :
Indirect labor $6,510
Factory insurance $4,700
Machinery depreciation $4,380
Machinery repairs $1,990
Factory utilities $3,740
Miscellaneous factory costs $1,980
Add Opening Work in process Inventory $5,670
Less Closing Work in process Inventory ($7,610)
Cost of goods manufactured $119,820
Explanation:
Cost of goods manufactured schedule is a summary of manufacturing costs for the production period.
<u>Determination of Raw Materials In Production</u>
Raw Materials T - Account
<u>Debit :</u>
Opening Balance $9,180
Purchases $55,020
Totals $64,200
<u>Credit :</u>
Work In Process (Balancing figure) $46,720
Closing Balance $17,480
Totals $64,200
Answer:
$225,000 F
Explanation:
Calculation for the static−budget variance of revenues
Using this formula
Static-budget variance of revenues=(Actual units sold*Actual selling price(-Budgeted units sold*budgeted selling price per units)
Let plug in the formula
Static-budget variance of revenues = (48,000 units × $15) - (33,000 units × $15)
Static-budget variance of revenues=$720,000-$495,000
Static-budget variance of revenues= $225,000 F
Therefore the the static−budget variance of revenues will be $225,000 F
Answer: State the name and purpose of the Loan documents
Explanation:
A Notary Signing Agent refers to the agent who's charged with the responsibility of obtaining a formal signature of an appearer to a document.
Since Notary Signing Agent has reviewed and is completely familiar with all the documents in a loan package, it should be noted that when meeting with the borrower, the Notary Signing Agent may now state the name and purpose of the Loan documents
A cooperative. <span>A </span>cooperative--<span>a business owned by a group of people to meet mutual (economic, social and cultural needs and aspirations).</span>
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales are 10,614 units.
<u>The margin of safety is the number of units or amount of dollars that provide genuine profit to the company. It is the "margin" that gives room to try new strategies</u>.
It is calculated using the following formula:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (12,200 - 10,614) / 12,200
Margin of safety ratio= 0.13=13%
