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Andre45 [30]
3 years ago
5

Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufacturer

of fabricating equipment:
Sales $ 12,755,000
Gross profit 5,359,700
Indirect labor 422,600
Indirect materials 185,500
Other factory overhead 834,900
Materials purchased 4,251,600
Total manufacturing costs for the period 8,122,000
Materials inventory, end of period 298,900
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the following amounts. Round your answers to the nearest dollar. Cost of goods sold $fill in the blank 2 Direct materials cost $fill in the blank 3 Direct labor cost $fill in the ______
Business
1 answer:
valina [46]3 years ago
4 0

Answer:

a. Cost of goods sold = Sales - Gross profit

Cost of goods sold = $12,755,000 - $5,359,700

Cost of goods sold = $7,395,300

b. Direct Material Cost = Materials purchased - Indirect materials - Materials inventory

Direct Material Cost = $4,251,600 - $185,500 - $298,900

Direct Material Cost = $3,767,200

c. Direct labor cost = Total manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor

Direct labor cost = $8,122,000 - $3,767,200 - $834,900 - $422,600

Direct labor cost = $3,097,300

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goblinko [34]

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

8 0
3 years ago
A purely domestic firm sources its products, sells its products, and raises its funds domestically
Yanka [14]

Answer:

The correct answer is option D.

Explanation:

A purely domestic firm can face competition from an MNC. An MNC has the advantage of more than one sources of inputs and more than one product market. But the domestic firm also possesses an advantage of having a thorough knowledge of the local market as they have operated there unlike MNCs.  

The domestic even though operating in the domestic territories may still face foreign exchange risk. This is because their competitors may be operating internationally.

3 0
3 years ago
The Federal Reserve conducts a $15 million open-market purchase of government bonds. If the required reserve ratio is 20 percent
Soloha48 [4]

Answer:

$200 million

$30 million

Explanation:

When the requiredreserce ratio is 15 percent or 0.15 , then the money multiplier is (1 / required reserve ratio) or (1/0.15 = 0.67)

Now, change in money supply = money multiplier * open market purchase of government bonds.

Here , the Federal Reserve a $30 million open market purchase Of govemment bonds.

As a result of this;

Money Supply increases by (6.7 * $30 million) = $200 million.

This is the maximum amount the money supply could Increase.

Now, if the bank holds. $30 million as excess reserves, then money supply could increase by as much as $30 million. This is the smallest amount themoney supply could increase.

So, If the required reserve ratio is 15 percent the largest possible increase in the money supply that could result is $200 million- and the smallest possible increase is $30 million.

8 0
3 years ago
THIS IS JOURNALISM!! NOT BUSINESS
Alex787 [66]

Answer: B.

Explanation: I would say B because they probably don't give two BLEEPS about an editor. And not C because it doesn't cost money to edit a entry.

5 0
3 years ago
Read 2 more answers
Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p
8_murik_8 [283]

Answer:

1,333.33

Explanation:

Labor productivity is measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

total labor hours = 25milion x 36 hours per week

                            = 900 million

labor productivity = GDP ÷ total labor hours

labor productivity = $1,200 billion ÷ 900 million

                                $1,333.33 per hour

4 0
3 years ago
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