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cupoosta [38]
3 years ago
5

The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencil

s:
Sales $792,000
Gross profit $462,000
Cost of goods manufactured $396,000
Indirect labor $171,600
Factory deprecation $26,400
Materials purchased $244,200
Total manufacturing costs for the period $244,200
Materials inventory, ending $33,000
Using the information given, determine the following missing amounts:
Cost of goods sold
Finished goods inventory at the end of the month
Direct materials cost
Direct labor cost
Work in process inventory at the end of the month
Business
1 answer:
Lorico [155]3 years ago
4 0

Answer: See explanation

Explanation:

a. Cost of goods sold

This will be:

= Sales - Gross profit

= $792,000 - $462,000

= $330,000

b. Finished goods inventory at the end of the month.

This will be:

= Cost of goods manufactured - Cost of goods sold

= $396000 - $330000

= $66000

c. Direct materials cost

This will be:

= Materials purchased - Material inventory ending

= $244200 - $33000

= $211200

d. Direct labor cost

This will be:

= Manufacturing cost - Direct materials - Overhead

= $455400 - $211200 - $198000

= $46200

e. Work in process inventory at the end of the month

This will be:

= $455400 - $396000

= $59400

Note that:

Overhead cost= Indirect labor cost + Depreciation

= $171600 + $26400

= $298000

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Answer:

D) employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.

Explanation:

The structure being implemented by EFT Inc. where highly skilled employees within teams are empowered to take up leadership roles, is called shared leadership.

Shared leadership is when any team member can take up leadership roles within his department. This model will only be successful if the employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.

Drive to achieve organisational goals and objectives is also high because the employees feel valued and take part in decision-making process.

6 0
3 years ago
ZZZ Corporation is issuing Common Stocks that are expected to pay $14 dividend per year and this company is expected to grow at
elena-14-01-66 [18.8K]

Answer:

The pure price per share of common stock issued by ZZZ is $175

Explanation:

According to the given data we have the following:

Expected dividend next year=D1=$14

Growth rate=g=1%

Expected rate of return=r=9%

To calculate the pure price per share of common stock issued by ZZZ Corporation Pure price of share will be equal to PV of all future dividends.

Therefore, Pure price per share=D1/(r-g)

Pure price per share= $14/(9%-1%)=$175

7 0
4 years ago
Brandon, an analyst at Agency A, rents a car at $40 per day. Due to a rental company discount, if a car is rented for 4 or more
4vir4ik [10]

Answer:

62.5%

Explanation:

In this example, Brandon rented the car for 6 consecutive days. This means that he was able to take advantage of the promotion. Therefore, he only paid for five days (got one day free) at a rate of $30 per day (as opposed to $40). Therefore, he paid:

$30 * 5 = 150

On the other hand, Whitney rented a car for three days. She did not qualify for the discount, which means that she paid for all her days, at a rate of $40 per day. Therefore, she paid:

$40 * 3 = 120

To obtain the average daily rate of each person, we would need to divide this final rate by the number of days each person used a car. That would look like this:

Brandon: $150 / 6 = $25

Whitney: $120 / 3 = $40

Therefore, when comparing these two numbers, we see that the average daily rate paid by Brandon is 62.5% percentage of the average daily rate paid by Whitney.

6 0
3 years ago
Which of the following choices is not a step that can reduce your spending?
inn [45]
The answer is d) purchasing reduced fat lattes during the week
8 0
3 years ago
Read 2 more answers
Gritz-Charlston is a 300-unit luxury hotel. All rooms are occupied when the hotel charges $80 per day for a room. For every incr
ki77a [65]

Answer:

The hotel should charge $201 per day in order to maximize profit

Explanation:

According to the given data we have the following:

The number of occupied rooms is 300-x, and x vacant rooms.

Hence, The revenue R(x) = (300-x) * ($80 + x), the number of occupiedrooms times the charge per room.

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Therefore, The profit P(x) = R(x)-C(x) = (300-x) (58 + x) = 17400 + 242 x -x^2.

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Critical point: x= 121.

So Charge = $80 + x = $80 + $121 = $201

The hotel should charge $201 per day in order to maximize profit

6 0
4 years ago
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