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aksik [14]
2 years ago
9

During 2020, $890000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurre

d was $640000. Marigold Corp.'s total manufacturing costs incurred in 2020 amounted to
Business
1 answer:
mixas84 [53]2 years ago
6 0

Please give brainliest

Answer:

$2,090,000

Explanation:

The computation of the total manufacturing cost is shown below:

Total manufacturing cost = Cost of direct materials used + direct labor cost + manufacturing overhead cost incurred

where,

Cost of direct materials used = Beginning balance of raw material + Purchase of direct materials - ending balance of raw material

= $290,000 + $840,000 - $350,000

= $780,000

So, the total manufacturing cost equals to

= $780,000 + $670,000 + $640,000

= $2,090,000

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Nastasia [14]

Advocacy groups are groups of concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions.

Explanation:

Advocacy groups are important components of consumer rights in the capitalistic market and are essential for maintaining good business practices in the capitalistic society where competition can take a hold over the moral situation that should in  a sense dominate.

The advocacy groups that work this way are the ones who are a group of concerned citizens who band together to try to influence the business practices of specific industries, businesses, and professions. This is important for consumer rights for this sector to be strong.

5 0
3 years ago
On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 77,000 shares of $10 par common stock at $11, and on Nove
kkurt [141]

Answer:

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Explanation:

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3 0
3 years ago
Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost
worty [1.4K]
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3 years ago
According to the simple monetary model, if money is growing at 5% in the United States and 6% in the United Kingdom, while real
Murrr4er [49]

Answer:

A)

Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.  

This means that the US dollar should depreciate against the British pound.

B)

If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.

C)

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7 0
3 years ago
Consider the elements of cost in Geordie Ltd, namely, the cost of a product, the cost of direct labour and the cost of non-labou
tangare [24]

Answer:

$73.58

Explanation:

Total cost of product = $120

Total cost of product = Cost of material + Direct labor + Overhead

Cost of material = (3 * direct labor) - $6

Overhead = ¾ of Direct labor

Total cost of product = 3DL - $6 + DL + ¾ of DL

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$126 = 4.75 DL

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Direct Labor = $26.53

 

Material cost = 3 * $26.53 - $6

Material cost = $73.58

3 0
3 years ago
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