How much notice does the Worker Adjustment and Retraining Notification

Preparing a Cost of Goods Sold Budget

Art [367]

Answer:

Direct Materials $ 14*20,000 = $ 28000

Direct Labor $ 14*1.9* 20,000 = $ 532,000

Variable Overhead $ 14*1.9*1.2*20,000 = $ 638400

Fixed Overhead $ 14*1.9*1.8*20,000 = $957600

Total Manufacturing Cost $ = 2156000

Less: Ending Inventory $ 107.8*730 = 78649

Cost of Goods Sold $2077306

Working:

Total Manufacturing Cost $ per unit = 2156000/ 20,000= 107.8 $

Ending Inventory $ 107.8*730 = 78649

4 0

3 years ago

Kevin bought 265 shares of Intel stock on January 1, 2019, for $76 per share, with a brokerage fee of $165. Then, Kevin sells al

garri49 [273]

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share = $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase = $20,305

Cost to sell = $215(brokerage fee)

3 0

3 years ago

A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It

pav-90 [236]

Answer:

The answer is option (B), accumulated depreciation at end of the second year=36,000+45,600=$81,600

Explanation:

Determine the depreciable cost using the formula below;

depreciable cost=acquisition cost-residual value

where;

acquisition cost=$190,000

residual value=$10,000

replacing;

depreciable cost=190,000-10,000=$180,000

depreciable cost=$180,000

Determine the cost per unit as follows;

depreciable cost=cost per bolt×number of bolts produced

where;

depreciable cost=$180,000

cost per bolt=c

number of bolts produced=75,000 bolts

replacing;

180,000=c×75,000

75,000 c=180,000

c=180,000/75,000=2.4

The cost per bolt=$2.4

annual depreciation for the first year=(2.4×15,000)=$36,000

annual depreciation for the second year=(2.4×19,000)=$45,600

accumulated depreciation at end of the second year=36,000+45,600=$81,600

3 0

3 years ago

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $285,000, vari

padilas [110]

Answer:

$880,000 is the net operating income

3 0

3 years ago

Red when choosing a form of ownership

siniylev [52]

Answer:

see below

Explanation:

1. Private Limited Company

A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.

2. Public Limited Company

A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).

4 0

3 years ago