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Ahat [919]
3 years ago
6

The following information is available for the year ended December 31: Beginning raw materials inventory $ 3,900 Raw materials p

urchases 5,400 Ending raw materials inventory 4,400 Office supplies expense 2,400 The amount of raw materials used in production for the year is:
Business
1 answer:
love history [14]3 years ago
8 0

Answer:

Direct material used= $4,900

Explanation:

Giving the following information:

Beginning raw materials inventory $ 3,900

Raw materials purchases 5,400

Ending raw materials inventory 4,400

<u>To calculate the direct material used, we need to use the following formula:</u>

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 3.900 + 5,400 - 4,400

Direct material used= $4,900

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__________ is a widely recognized professional society for persons interested in operations and supply chain management.
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APICS is a widely recognized professional society for persons interested in operations and supply chain management.

Association for Supply Chain Management is a not-for-profit international education organization offering certification programs, training tools, and networking opportunities to increase workplace performance.

APICS merged with the Supply-Chain Council in 2014, and the American Society of Transportation and Logistics in 2015.

Examples of certification : CPIM, CSCP etc.

Read more about Supply Chain Council here brainly.com/question/14325556

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4 0
2 years ago
Jack, Jamie, Ronnie, and Stephan own the only computer software manufacturing companies in the country. When Jack increases the
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Answer: Perfect Competition

Explanation:

This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.

6 0
3 years ago
Read 2 more answers
Contribution Margin Molly Company sells 37,000 units at $19 per unit. Variable costs are $11.59 per unit, and fixed costs are $1
yarga [219]

Answer:

(a) Contribution margin ratio = 0.39, or 39%

(b) the unit contribution margin = $7.4 per unit

(c) income from operations = $164,470

Explanation:

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Total variable cost = 37,000 × $11.59 = $428,830

Margin = $703,000 - $428,830 = $274,170

(a) the contribution margin ratio

Contribution margin ratio = $274,170/$703,000 = 0.39, or 39%

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(c) income from operations

Income from operations = $274,170 - $109,700 = $164,470

5 0
3 years ago
The 2017 financial statements of Meadowlark Corporation report that the company paid dividends of $21,825,000 to its preferred s
Fynjy0 [20]

Answer:

the correct answer is

(C) Dividend preference

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7 0
3 years ago
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maria [59]

Answer:

False

Explanation:

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8 0
3 years ago
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