Answer:
Direct material= $340
Explanation:
Giving the following information:
Direct labor $540
Beginning work in process inventory $330
Ending work in process inventory $420
Cost of goods manufactured $1620
Manufacturing overhead $830
T<u>o calculate the direct material used in production, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
1,620= 330 + DM + 540 + 830 - 420
Direct material= $340
Answer:
c). the power of judicial
Explanation:
This was the first time such power was wielded by the Court.
It is the standard (IRS) form that individuals use to file their annual income tax returns
Answer:
Inventory Turnover Ratio for 2008= 3.223 Times
Inventory Turnover Ratio for 2009= 3.91 times
Explanation:
Inventory Turnover Ratio= Cost of Goods Sold / Average Inventories
Inventory Turnover Ratio for 2008= $632,000/ $201,000
+ 191,100/2
Inventory Turnover Ratio for 2008= $632,000/196,050
Inventory Turnover Ratio for 2008= 3.223 times
Inventory Turnover Ratio for 2009= $ 731,000/191,100
+ 182,600/2
Inventory Turnover Ratio for 2009= $ 731,000/ 186,850
Inventory Turnover Ratio for 2009= 3.91 times
The profit motive
Hope this helped!
STSN
