There will be decrease in profit if dropping of sour cream. So that means Keith Inc would lose $4,000.00
Answer:
Cost of goods manufactured= $87100
Explanation
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $56,000
Direct Labor=$15,600
Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500
Total= $87100
Note: Salesperson commissions and Depreciation expense Delivery equipment are not included in factory overhead
Answer:
sign up for either program
Explanation:
By ensuring that the Staff participate in the training, it will enable the staff to minimize mistakes and improve overall efficiency. Efficiency is important to maintain operations.
<span>Virus protection software must be updated continually with information
on recently discovered viruses. A virus is a small, potentially damaging
computer program that can infect a computer without its user's knowledge.</span> Hackers often exploit well-known security vulnerabilities in popular
software to spread destructive programs such as viruses.
<span>salaries payable: (17,800/5)*2= 7,120 (credit)
salaries expenses: 7,120 (debit)</span>
