All categories

2 years ago

Cullumber Company incurred the following costs while manufacturing its product.

Business

1 answer:

kati45 [8]2 years ago

5 0

Answer:

$328,400

Explanation:

Cost of Goods Manufactured is calculated in Manufacturing Account as follows :

Cost of Goods Manufactured = Beginning Work In Process Inventory + Total Manufacturing Costs - Ending Work In Process Inventory

therefore,

Cost of Goods Manufactured = $13,000 + ($121,000 + $61,000 + $15,000 + $111,000 + $24,000) - $16,600

= $328,400

You might be interested in

You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with 2 risky securities, X

Leokris [45]

Answer:

% in T bills = 18.92%, % in P = 81.08%

Explanation:

Portfolio return = Weighted average return

Return of portfolio P = 0.14*0.6 + 0.10*0.4

Return of portfolio P = 0.124

Let % money in T bills be x

0.11 = 0.05*x + 0.124*(1-x)

0.11 = 0.05x + 0.124 - 0.124x

0.014 = 0.074x

x = 18.92%

Hence, % in T bills = 18.92%, % in P = 81.08%

3 0

2 years ago

Alice earned $12 per hour. What equation shows the relationship between her

LenaWriter [7]

The equation shows the relationship between her weekly salary (w), hours per week (h), and rate per hour (r) is:

$w = h \times r$

Solution:

Given that,

Alice earned $12 per hour

1 hour = $ 12

Find the number of hours in 1 week

1 day = 24 hours

1 week = 7 days

Therefore,

1 week = 7 x 24 = 168 hours

Let "h" be the hours per week

let "r" be the rate per hour

Let "w" be the rate per hour

From given,

r = $ 12

h = 168 hours

weekly salary = hours per week x rate per hour

$w = h \times r$

$w = 168 \times 12\\\\w = 2016$

Thus, she earns $ 2016 for 1 week

5 0

2 years ago

Read 2 more answers

That a company chooses a new product to introduce into the market is a ▼ capital budgeting capital structure working capital man

SashulF [63]

Answer:

Capital budgeting

Capital Structure

Working Capital Management

Explanation:

When a company wants to introduce any new product in the market it will do the cost benefit analysis and will involve the capital budgeting decisions.

When any kind of bonds are sold, shares are issued, debentures are sold, then that is about creating source of capital that is about, capital structure decision.

When the decision is made relating to any current assets or current liabilities, it is refer to working capital decisions as the working capital includes decision of current assets and current liabilities.

3 0

2 years ago

Joseph purchased 100 shares of abcd growth fund for $10.00 per share for a total investment of $1,000. at the end of one year, h

EleoNora [17]

It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.

To get the capital gain, compute the total price in which Joseph sold his investment.

$11.20 x 100 = $1,120

Subtract the answer to the total price bought by Joseph
$1,120 - $1,000 = $120

The total capital gain is $120

7 0

2 years ago

Scarlet Corporation, the parent corporation, has a basis of $600,000 in the stock of Brown Corporation, a subsidiary in which Sc

Anon25 [30]

Answer:

$950,000

Explanation:

As per IRS section 332, in the case when the parent company received a property when the complete liquidation of subsidiary company is done so the receipts of such property would not recorded either any loss or gain. Also the basis of the parent company assets would be carry over basis.

So here the basis would be $950,000

The same is to be considered

3 0

2 years ago