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Rom4ik [11]
2 years ago
10

A Birmingham, Alabama, foundries produces cast-iron ingots according to a 3-month capacity plan. The cost of labor averages $100

per regular shift hour and $140 per overtime (O.T.) hour. Inventory carrying cost is thought to be $4 per labor-hour of inventory carried. There are 50 direct labor-hours of inventory left over from March. For the next 3 months demand and capacity (in labor-hours) are as Month Regular labor (hours) O.T. Labor (hours) Demand APR 2880 355 3000 MAY 2780 315 2750 JUN 2760 305 2950 Develop an aggregate plan for the 3-month period using the transportation method. a. What is the overall cost of this plan
Business
1 answer:
RUDIKE [14]2 years ago
5 0
Kjkkkkjbbbbj in jhhbhh
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Cost of goods manufactured equals $55,000 for 2020. Finished goods inventory is $2,000 at the beginning of the year and $5,500 a
notka56 [123]

Answer:

$51,500

Explanation:

The computation of the cost of goods sold for the year is shown below:

As we know that

Cost of Goods Sold = Beginning balance of Finished Goods Inventory + Cost of Goods Manufactured – Ending balance of Finished Goods Inventory

= $2,000 + $55,000 - $5,500

= $51,500

We simply applied the cost of goods sold formula by taking the three items into the computation part

3 0
3 years ago
Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared and aging of accounts receivab
cestrela7 [59]

Answer:

Bad debt expense          $ 5,400  

Accounts Receivable  $ 5,400

Explanation:

To register to amount of bad debt expenses we need to consider the current balance of the Allowance for Uncollectible Accounts.

With the indirect method of write off we have to shows the total estimated balance in the Allowance for Uncollectible Accounts, in this case $5,000.

As we have a debit balance we have to compensate that amount and show a credit balance equal to the estimated amount.  

Estimated Uncollectible $ 5,000  

Initial Balance  

Dr Accounts Receivable                                  $ 98,000  

Dr Allowance for Uncollectible Accounts  $ 400

 

What is the amount of bad debt expense?  

Bad debt expense          $ 5,400  

Accounts Receivable  $ 5,400

 

Final Balance  

Dr Accounts Receivable                                $ 98,000  

Cr Allowance for Uncollectible Accounts  $ 5,000

Bad accounts are those credits granted by the company and there is no possibility of being charged. When customers buy products on credit but the company cannot collect the debt, then it is necessary to cancel the unpaid invoice as uncollectible.          

         

"One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount is reported as bad debt expenses that negatively affect the income statement and accounts receivable are reduced by the same amount, less assets."          

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.          

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit).          

At the time of cancellation, since the expenses were previously recognized, we only use the Provision for bad accounts (debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.          

3 0
3 years ago
You have a ​$102000 portfolio comprising 16 stocks. You trade each stock five times this year and each time you​ trade, you pay
Ilia_Sergeevich [38]

Answer:

My total return is lower 1.05% because of my trades

Explanation:

The total commission and spread I have to pay for trading five times in year is $150 (= $30 x 5)

The total return on the portfolio of $102,000 is $14,280 =(14%*$102,000)

So the total commission and spread / the total return = $150/$14.280 = 1.05%

8 0
3 years ago
Rob Renolds compares his checkbook register, cancelled checks, and bank statement which shows a balance of $409.90. He finds two
iragen [17]

Answer:

$429.15

Explanation:

The computation of the adjusted balance of the bank balance is shown below:

= Balance shown in bank statement + outstanding deposits - one outstanding check - second outstanding check

= $409.90 + $160 - $58.53 - $82.22

= $429.15

while computing the adjusted balance we added the outstanding deposits and subtract the outstanding checks

5 0
3 years ago
What things should you not do while driving and why shouldn't you do it?
Triss [41]

you should not do drunk driving and texting because yu can hit a car and die by doing that. so like for an example if you had friends in your can you can get in big truble by doing one of those things.

4 0
3 years ago
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