Please help my time is almost up!!!

Zoe Corporation has the following information for the month of March: Purchases $ 92,000 Materials inventory, March 1 6,000 Mate

NARA [144]

Answer:

Part (a) a statement of cost of goods manufactured

Raw Materials (see calculations) 90,000

Direct labor 25,000

Factory overhead 37,000

Total Manufacturing Cost 152,000

Add Opening Work In Progress 22,000

Less Closing Work In Progress (23,500)

Cost of goods manufactured 106,500

Part (b) an income statement for the month ended March 31

Sales 257,000

Less Cost of Goods Sold

Opening Stock of Finished Goods 21,000

Add Cost of goods manufactured 106,500

Less Closing Stock of Finished Goods (30,000) (97,500)

Gross Profit 159,500

Less Expenses

Sales and administrative expenses (79,000)

Net Income 80,500

Part (c) the "Inventory" section of the balance sheet

Raw Materials 8,000

Work In Progress 23,500

Finished goods inventory 30,000

Total 61,500

Explanation:

Part (a) a statement of cost of goods manufactured

Calculate the Cost of Raw Materials transferred to Manufacturing Process;

Hint: Open a Raw Materials T - Account.

Debits :

Materials inventory March 1 $6,000

Purchases $92,000

Totals $98,000

Credits :

Materials inventory, March 31 8,000

Manufacturing Account (Balancing figure) $90,000

Totals $98,000

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3 years ago

For which plan or plans is knowing the withdrawal restrictions important?

lubasha [3.4K]

I think it’s B: the 529 college savings only

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2 years ago

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Your boss, Sam, has approved for you to conduct a usability test on your companyâ€™s website. Your next step is to design the te

Black_prince [1.1K]

Answer:

C) That the test asks users to accomplish a series of tasks.

Explanation:

True, the usability test on the company website should be brief and not time consuming. Therefore all other steps are relevant such as asking users to do one task.

Also making sure the test is specific by ensuring it is based on a common problem or question that the users have. And should put the more importantly it should put the user experience in mind in the design.

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3 years ago

Mr. Jones is a successful entrepreneur. He is currently planning a new business venture, but he doesn’t have sufficient funds fo

NeTakaya

Answer:

C) using his family home as collateral for a loan

E) mortgaging his factory building

Explanation:

Mr. Jones property rights include his family home and his factory building, and he is taking loans using both of them as collateral.

A: If someone sells a house or an apartment, they transfer their property rights.

B: If his company issues shares, they are not getting a loan, they are increasing their equity.

D: If someone withdraws money form a CD, they are not getting a loan.

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3 years ago

funcycle manufacturing's budget includes the following credit sales for the current year: september, $146,000; october, $137,000

iragen [17]

The Cash Collection from the Credit sales in the Month of December is $130,300.

Credit (from the Latin verb credit score, which means "one believes") is the agree with which permits one party to offer money or resources to any other celebration in which the second birthday celebration does not reimburse the primary birthday party at once (thereby producing a debt), however, guarantees both to repay or go back those resources (or different substances of identical price) at a later date. In different words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a massive organization of unrelated humans.

The assets provided may be financial (e.g., granting a loan), or they'll encompass items or offerings (e.g., client credit score). credit score encompasses any shape of the deferred fee. a credit score is extended by means of a creditor, also called a lender, to a debtor, additionally called a borrower.

To learn more about Credit visit here:

brainly.com/question/1590835

#SPJ4

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1 year ago