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Tomtit [17]
4 years ago
10

The Walden Manufacturing Corp. has office support salaries of $4,000, factory supplies of $1,000, indirect labor of $6,000, dire

ct materials of $16,000, advertising expense of $2,500, office expense of $14,000, and direct labor of $20,000. What is the total period cost?
Business
1 answer:
Sedbober [7]4 years ago
7 0

Answer: <em>Total Period Cost = $20,500</em>

Explanation:

Given :

Salary = $4000

Factory supply = $1000

Indirect labor = $6000

Direct material = $16000

Advertising expense = $2500

Office expense = $14000

Direct labor = $20000

Period costs are the costs incurring that do not tend to be a section of manufacturing process. Therefore, we compute the Period Cost using the following formula:

<em> Period costs = Salary + Advertising expense + Office expense </em>

<em> = $4,000 + $2,500 + $14,000 </em>

<em> = $20,500</em>

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Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $2
bearhunter [10]

Answer: Accounting profit = $35000, Economic profit = $13000

Explanation:

Accounting profit = Revenue - Explicit cost

Accounting profit = Revenue - Cost of Help - Rent - Cost of materials

Accounting profit = $72000 - $12000 - $5000 - $20000

Accounting profit = $35000

Economic profit = Revenue - Explicit cost - Implicit Cost

Economic profit = Revenue - Cost of Help - Rent - Cost of materials - Renting equipment - working for competitors - talent

Economic profit = $72000 - $12000 - $5000 - $20000 - $4000 - $15000 - $3000

Economic profit = $13000

5 0
4 years ago
Leonard, inc., which uses a volume-based cost system, produces cat condos that sell for $126 each. direct materials cost $10 per
Juli2301 [7.4K]

The gross profit is $146.75

3 0
3 years ago
Baker Mfg Inc. wishes to compare its inventory turnover to those of industry​ leaders, who have turnover of about 13 times per y
Iteru [2.4K]

Answer:

inventory​ turnover = $15.879

Explanation:

given data

Net Revenue = ​$27,500

Cost of sales = ​$19,690

Inventory ​= $1,240

Total assets = ​$17,990

assets invested = 8%

to find out

Baker's inventory​ turnover

solution

we will apply here formula for  inventory​ turnover that is express as

inventory​ turnover = \frac{cost of goods sold}{Inventory investment}   ..........................1

put here value we get

inventory​ turnover = \frac{19,690}{1240}

inventory​ turnover = $15.879

8 0
3 years ago
Is education a basic need for canadians
frosja888 [35]

Answer:yes

Explanation: education is important for any person in any country. well that not so true most third world country kids do not go to school they work doing hard labor and etc.

8 0
3 years ago
When asking questionnaire items, the interviewer should​?
Katyanochek1 [597]
Hello there!


When asking questionnaire items, the interviewer should <span>react to a question after the respondent has answered to show interest.


Eye contact, hand gestures, facial expression are some examples you can use to react while you are doing an interview with someone.

As always, it is my pleasure to help students like you.
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3 years ago
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