1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ELEN [110]
2 years ago
7

The accounting staff at Valencia Manufacturing, Incorporated has provided the following data for the month of July. The balance

in the Work in Process inventory account was $31,000 at the beginning of the month and $21,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $56,800 and direct labor cost of $30,700. The actual manufacturing overhead cost incurred was $53,900. The manufacturing overhead cost applied to Work in Process was $52,800. The cost of goods manufactured for July was:
Business
1 answer:
serious [3.7K]2 years ago
4 0

Answer:

the cost of goods manufactured is $149,800

Explanation:

The computation of the cost of goods manufactured is given below:

= Opening work in process + total manufacturing cost - ending work in process

= $31,000 + ($56,800 + $30,700 + $52,800) - $21,500

= $31,000 + $140,300 - $21,500

= $149,800

hence, the cost of goods manufactured is $149,800

You might be interested in
Than Wok emigrated from his war-torn country to the United States almost two years ago. He recently found a job working on an as
igor_vitrenko [27]

Answer:

C.social needs.

Explanation:

Maslow's hierarchy of needs is a motivational theory that goes through five forms of needs set out below:

1. Physiological needs: These are the survival needs i.e. food, clothing, house, air

2. Security needs: This need covers human, financial, etc. protection and security

3. Social needs: These needs represent an person being or not involved in social groups. It makes the person not feel alone, lonely, etc.

4. Awareness needs: Awareness needs are the recognition he or she receives

5. Self-actualization needs: As the name suggests, it is self-actualizing in order to let the person know about his or her abilities.

So according to the given options, the most appropriate option is C. as it shows the social needs i.e loneliness, alone, etc

4 0
3 years ago
An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the product
atroni [7]

Answer:

B. $31,250

Explanation:

The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;

Here the transaction price should be distributed to the performance obligations.

The sum of the standalone selling price is

= $40,000 + $120,000 + $160,000

= $320,000

And, the standalone selling price is $40,000

Now the revenue that should be recognized is

= $40,000 ÷ $320,000 × $250,000

= $31,250

4 0
2 years ago
Companies must periodically audit their​ brands'________, which might turn up brands that need more​ support, brands that need t
avanturin [10]
Companies must periodically audit their​ brands' strengths and weaknesses, which might turn up brands that need more​ support, brands that need to be​ dropped, or brands that must be rebranded or repositioned because of changing customer preferences or new competitors.
8 0
3 years ago
What is the mathematical formula that you would use to describe a financial activity on a bank statement? Explain your response
VMariaS [17]

Answer:

c. Ending Balance = Previous Balance + Deposits - Withdrawals

Explanation:

Deposits are every cash transaction that increase your bank balance, and withdrawals are expenses that decrease your bank balance. Hence the closing / ending balance any day would be the difference of deposits and withdrawals, with opening balance in summation.

4 0
3 years ago
If the quantity supplied is the same regardless of price then the supply curve would be:___________
Eva8 [605]

Answer:

perfectly inelastic

Explanation:

A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.

Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC

7 0
3 years ago
Other questions:
  • ​Hyde's Headphones sells deluxe headphones for $ 80 each. Unit variable expenses total $ 45. The breakeven sales in units is 2 c
    5·1 answer
  • Please help <br> Define taxes
    10·2 answers
  • In what circumstances is it most important to use multistage dividend discount models rather than constant-growth models?
    12·1 answer
  • In order to examine the potential success of its 1/3 pound Angus hamburger, McDonald's started offering and promoting the produc
    11·1 answer
  • At the beginning of the year, Smith, INc., budgeted the following: Units: 10,000 Sales: $100,000 Total variable expenses: $ 60,0
    15·1 answer
  • Grand River Corporation reported pretax book income of $700,000. Included in the computation were favorable temporary difference
    6·1 answer
  • Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00
    15·1 answer
  • In order to update a production process, a company can spend money now or four years from now. If the amount now would be $20,00
    12·1 answer
  • Oregon Forest Products will acquire new equipment that falls under the five-year MACRS category. The cost is $500,000. If the eq
    14·2 answers
  • In the chapter about owning versus leasing, one set of examples compares the cost of owning versus the cost of leasing for South
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!