Whats ur name and how old are you

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inven

Ilia_Sergeevich [38]

Answer:

Raw Material $191,000

Direct labor $300,000

Actual manufacturing overhead $170,000

Actual selling and administrative expenses $115,000

The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost.

1.

Prime Cost = Direct Material + Direct Labor

Prime Cost = $191,000 + $300,000 = 491,000

2.

Cost of goods manufactured $

Direct material $191,000

Add: Direct Labor $300,000

Add: Manufacturing overhead $170,000

Manufacturing cost $661,000

3.

Manufacturing cost $661,000

Add: Work in process inventory at January 1 $235,000

Less: Work in process inventory at January 31 $251,000

Cost of Goods Manufactured $645,000

4.

Cost of Goods Manufactured $645,000

Add: Finished Good inventory at January 1 $125,000

Less: Finished Good inventory at January 31 $117,000

Cost of Goods Sold $653,000

5.

Manufacturing overhead Account Balance

Actual overhead = $175,000

Manufacturing overhead = $180,000 (300,000 x 60% )

Over applied manufacturing overhead = $180,000 - $175,000

Over applied manufacturing overhead = $5,000

* Data was missing for the calculations, complete question is attached with this answer, Please find that.

3 0

3 years ago

The first of two major components of developing a marketing strategy is to _______. a. select a target market b. determine a seg

Brrunno [24]

Answer:The first of two major components of developing a marketing strategy is to select a target market.

Explanation: After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.

Steps to select a target market

Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
Customers can be targeted on the basis of age,gender,income,occupation,educational level.
Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
Finally target those customers who actually need your products and services.

5 0

3 years ago

Subdivision regulations imposed by developers in an effort to maintain control of the development of the subdivision are an exam

lesantik [10]

An example of Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.

<h3>What is a Private land use control?</h3>

This refers to a land control with a deed restrictions that limits what can be done on the property by the owner.

Hence, Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.

Read more about Private land

brainly.com/question/626688

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8 0

2 years ago

A promising new customer at a FINRA member firm has complained verbally to a registered representative that he lost $500 on the

GaryK [48]

Answer:

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Explanation:

4 0

3 years ago

When changing from the average cost method to FIFO, the company:

Lesechka [4]

Answer: B. Revises comparative financial statements.

Explanation:

When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.

7 0

3 years ago