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azamat
3 years ago
6

Use a piece of scrap paper to prepare a cost of Goods Manufactured from the following numbers: Beginning Direct Raw Materials -$

69,000 Direct Raw Materials Purchases-$92,000. Direct Raw Materials Ending Inventory- $8000 Direct Labor-$25,000. Factory Overhead $37,000. Beginning work in process inventory $22,000. Ending Work in process Inventory $23,500 What are the total manufacturing costs for this statement
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer:

the total manufacturing cost is $215,000

Explanation:

The computation of the total manufacturing cost is shown below:

= Direct material used + direct labor cost + manufacturing overhead cost

= $69,000 + $92,000 - $8,000 + $25,000 + $37,000

= $215,000

Hence, the total manufacturing cost is $215,000

We simply applied the above formula

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Which is a power enjoyed by a stockholder?​
gtnhenbr [62]

Answer:

A stockholder or a shareholder are individuals or companies that has a share in a profit organization. They purchase their shares and can earn in return by receiving dividends if the profit is good or by selling their shares to the company or to a co-stockholder.

6 0
2 years ago
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold
ollegr [7]

Answer:

The answer is given below;

Explanation:

 $160,000*(3/4)*1%=$1,200

Bad Debt Expense   Dr.$1,200

Allowance for Doubtful Accounts Dr.$1,200

$65,000*12%=$7,800

$12,000*24%=$2,880

$3,000*48%=$1,440

Total Allowance for Doubtful Accounts for December 31, $12,120

Total Allowance for Doubtful Accounts Opening                ( $1,100)

Bad Debt Expense for the year                                             $11,020

Bad Debt Expense Dr.$11,020

Allowance for Doubtful Accounts Cr.$11,020

Various Accounts to be shown pertaining to Account Receivable will be;

1.Allowance for Doubtful Accounts -Balance Sheet   $12,120

4 0
2 years ago
Paper currency that has been declared legal tender but is not convertible into coins or precious metals is called ________ money
melisa1 [442]

Paper currency that has been declared legal tender but is not convertible into coins or precious metals is called <u>fiat</u> money.

The term is derived from the Latin word fiat, because of this a dedication through authority—in this case, it is the government that decrees the fee of the currency and is not representative of every other asset or financial device consisting of gold or a check.

Fiat cash, in a wide feel, all varieties of money which are made criminal tender via a government decree or fiat. The term is, but, commonly reserved for criminal-tender paper money or cash that have face values ways exceeding their commodity values and aren't redeemable in gold or silver.

Economists differentiate amongst 3 special forms of money: commodity money, fiat money, and bank money.

Learn more about fiat money here

brainly.com/question/718436

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4 0
1 year ago
Exercise 23-8 Sell or process further LO A1 Cobe Company has already manufactured 15,000 units of Product A at a cost of $30 per
Kipish [7]

Answer:

Yes

Explanation:

In this question, we have to compare the cost so that the net income or net loss would be calculated.

                                         Sales              Process Further Cost

Sales                                $450,000       $1,275,100

Less: Processing cost                            $210,000

Net income                    $450,000        $1,065,100

where,

Sales of further processing cost would be

= 5,800 units × $107 + 11,900 units × $55

= $620,600 + $654,500

= $1,275,100

Since, net income is increased by $615,100. So, It would be process further

5 0
2 years ago
Which important biochemical process receives a supply of nad ions from the fermentation process during anaerobic respiration?
Alexxandr [17]

Answer:

Glycolysis

Explanation:

Glycolysis is the process that receives a supply of NAD+ ions from the fermentation. When cells need energy but there is no oxygen for aerobic respiration than anaerobic respiration takes place.

5 0
2 years ago
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