Answer:
The cost of goods manufactured for June was $139,000
Explanation:
The cost of goods manufactured for June was shown below:
= Opening work in progress + direct material cost + direct labor cost + manufacturing overhead cost applied to work in progress - ending work in progress
= $22,000 + $55,000 + $28,000 + $51,000 - $17,000
= $139,000
The actual manufacturing overhead cost is irrelevant as it is not related to the work in progress that's why it is not be considered in calculation part.
Hence, The cost of goods manufactured for June was $139,000
Answer:
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Explanation:
Answer:
55,060 machines
Explanation:
Projected sales = 54,500
Estimated opening balance = 6,860
Desired ending balance = 7,420
Budgeted production = ?
Let the budgeted production be B
Using the formula
Opening balance + Budgeted production - Sales = Closing balance
6,860 + B - 54,500 = 7,420
B = 7,420 + 54,500 - 6,860
B = 55,060
The budgeted production for the year is 55,060 machines.
Answer:
The risk premium = 6.765%
Explanation:
Required rate of return (r) on Cachapa International's stock = 0.045 + 1.23 * (0.1 - 0.045) = 0.11265 or 11.265%
The risk premium on a stock is the additional return that is expected from the stock based on the risks it carry.
It is simply calculated by deducting the risk free rate from the required rate of return (r) of the stock
Thus, the risk premium on Cachapa's stock is = 11.265 - 4.5 = 6.765%