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3 years ago

Glenville Company has the following information for April:

Business

1 answer:

AURORKA [14]3 years ago

8 0

Answer:

cost of goods manufactured= $144,000

Explanation:

Giving the following information:

Cost of direct materials used in production $48,000

Direct labor 59,000

Factory overhead 37,000

Work in process inventory, April 1 40,000

Work in process inventory, April 30 40,000

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 48,000 + 59,000 + 37,000 - 40,000

cost of goods manufactured= $144,000

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A policy that temporarily denies new appointments to a medical staff is called

slava [35]

The answer to the question being raised about a policy that temporarily denies new appointments to a medical staff is called Moratorium. Moratorium may come in different form one of which is the temporary denying of an appointment or an authorized period of delay or waiting or even suspension of an activity.

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3 years ago

You purchased 100 shares of common stock on margin at $60 per share. Assume the initial margin is 60% and the stock pays no divi

Vika [28.1K]

Answer:

The answer is 0.46

Explanation:

Firstly, 100shares x $60 x0.6

=$3,600

Step 2:

$3,600 x 0.6

=$2,160

Step 3:

100 x $40 - $2,169/100 x$40

$4,000 - $2,160/$4,000

$1,840/$4,000

0.46

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3 years ago

You purchased a share of Blyton Industries common stock 1 year ago for $37.50. During the year you received dividends totaling $

never [62]

Answer:

return in dollars: 2.38

rate of retrun: 6.35%

Explanation:

there are two returns:

one is the dividends cash flow of $ 0.6

and the other is the capital gain:

current market price - cost: 39.28 - 37.5 = $ 1.78

total return in dollars: $ 2.38

$\frac{return}{cost} = $Rate of Return$

2.38/37.50 = 0,06346667 = 6.35%

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3 years ago

CrossCountry Trucking & Transport enters into a contract with Discount Outlet Stores to load, transport, deliver, and unload

Mila [183]

Answer:

C) tender.

Explanation:

In contract law, a tender offer to perform is conditioned to the moment when the other party is willing and ready to perform as well. In this case, CrossCountry signed a contract, but the contract will be valid when the other party (Discount Outlet Stores) needs their services. If the other party does not require their services, CrossCountry is not able to perform nor demand performance.

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3 years ago

The production department in a process manufacturing system completed 94,000 units of product and transferred them to finished g

Fofino [41]

Answer:

Weighted Average Method.

a. 110,700 units

b. 106,525 units

c. 82,090 units

FIFO

a. 85,500 units

b. 95,245 units

c. 99,010 units

Explanation:

Calculation of equivalent units of production with respect to direct materials.

FIFO.

a. All direct materials are added to products when processing begins.

Materials

To finish Opening Work in Process 0

Started and Completed 65,800

Closing Work in process (16,700 × 100%) 16,700

Total equivalent units of production 85,500

b. Beginning inventory is 40% complete to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs

Materials

To finish Opening Work in Process (28,200 × 60%) 16,920

Started and Completed (65,800 × 100%) 65,800

Closing Work in process (16,700 × 75%) 12,525

Total equivalent units of production 95,245

c. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending Inventory is 30% complete as to materials and 60% complete to conversion costs.

Materials

To finish Opening Work in Process (28,200 × 40%) 11,280

Started and Completed (65,800 × 100%) 65,800

Closing Work in process (16,700 × 30%) 5,010

Total equivalent units of production 82,090

Weighted Average Method.

a. All direct materials are added to products when processing begins.

Materials

Completed and transferred (94,000 × 100%) 94,000

Closing Work in process (16,700 × 100%) 16,700

Total equivalent units of production 110,700

b. Beginning inventory is 40% complete to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs

Materials

Completed and transferred (94,000 × 100%) 94,000

Closing Work in process (16,700 × 75%) 12,525

Total equivalent units of production 106,525

c. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending Inventory is 30% complete as to materials and 60% complete to conversion costs.

Materials

Completed and transferred (94,000 × 100%) 94,000

Closing Work in process (16,700 × 30%) 5,010

Total equivalent units of production 99,010

8 0

3 years ago