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SOVA2 [1]
2 years ago
15

Cheyenne Corp. incurred the following costs while manufacturing its product.

Business
1 answer:
weeeeeb [17]2 years ago
5 0

Answer:

$347,400

Explanation:

Cost of goods manufactured = Material used in product + Labor costs of assembly line workers + Factory overheads (ie Depreciation on plant+ Property taxes on plant + Factory supplies used) + Opening WIP - Closing WIP

Cost of goods manufactured = $129,100 + $111,300 + $64,600 + $16,000 + $28,700 + $14,500 - $16,800

Cost of goods manufactured = $347,400

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Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin
Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

Budgeted direct labor (per unit) 0.60

Units 2,000

Budgeted direct total labor (hrs) 1,200

Actual hours 1,160

Standard rate $17

Direct labor efficiency variance

The direct labor efficiency variance

= (Budgeted hours - Actual hours) × Standard rate

= (1,200 - 1,160) × $18

= $720 favourable

7 0
2 years ago
Harrison Enterprises currently produces 8,000 units of part B13. Current unit costs for part B13 are as follows: Direct material
Yakvenalex [24]

Answer:

It is cheaper to make the part in house.

Explanation:

Giving the following information:

Harrison Enterprises currently produces 8,000 units of part B13.

Current unit costs for part B13 are as follows:

Direct materials $12

Direct labor 9

Factory rent 7

Administrative costs 10

General factory overhead (allocated) 7

Total $45

If Harrison decides to buy part B13, 50% of the administrative costs would be avoided.

To calculate whether it is better to make the par in-house or buy, we need to determine which costs are unavoidable.

Unavoidable costs:

Factory rent= 7

Administrative costs= 5

General factory overhead= 7

Total= 17

Now, we can calculate the unitary cost of making the product in-house:

Unitary cost= direct material + direct labor + avoidable administrative costs

Unitary cost= 7 + 5 + 5= $17

It is cheaper to make the part in house.

3 0
3 years ago
A firm receives the proceeds from the sale of its securities in the _________________ market. over-the-counter secondary New Yor
harkovskaia [24]

In the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.

<h3>What is primary market in stock exchange market?</h3>

Basically, the primary market is the market where securities are created and sold to the public by various firms.

In this market, different firm sells new stocks, bonds etc to the public for the first time.

In conclusion, in the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.

Read more about primary market

<em>brainly.com/question/3904762</em>

8 0
2 years ago
Costs, also called differential costs, are the additional costs from selecting a certain course of action.
Ilia_Sergeevich [38]

It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action.

<h3>What is differential costs?</h3>

Differential cost serves as the  difference between the cost of alternative decisions.

Therefore, It is true that Costs, also called differential costs, are the additional costs from selecting a certain course of action and the  cost do take place when a business have several similar options,

Learn more about differential costs, at

brainly.com/question/25799822

#SPJ1

8 0
2 years ago
When a light is turned on, the power grid delivers exactly what is needed, instantly. It is impossible for computers and network
Vesnalui [34]

Answer:FALSE

Explanation: A Grid computing is a computer architectural design which can be described as a SUPERCOMPUTER SYSTEM,where all the components of a computer systems are interconnected functionally in order for them to work as a single unit.

WITH GRID COMPUTING, COMPUTER SYSTEM AND NETWORK SYSTEMS CAN BE SEEN TO ACT IN THE SAME WAY AS THE POWER GRID AS IT ALL THE COMPONENT WORK IN ORDER TO DELIVER THE NEEDS OF THE DESIGNERS OR END USERS.

6 0
3 years ago
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