A credit card issues through a credit union would be an example of a ________

Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of the following three lists of cost of g

solmaris [256]

Answer:

(A) 352,410

(B) 328,910

(C) 474,120

(D) 461,770

(E) 165,000

(F) 175,000

Explanation:

1.- WIP, August 1st: $ 19,660 $ 41,650 (e)

2.- Cost added $ 332,750 (c) $ 1,075,000

3.- Subtotal (a) $ 515,770 $ 1,240,000

4.- WIP, August 31th $ 23,500 $ 54,000 (f)

5.- COGM (b) (d) $1,068,000

The identity to solve for this is as follow:

$$$beginning WIP + cost added = COGM + ending WIP$

<u>The third row is the sum of the left side of the of the equation.</u>

beginning WIP + cost added.

(a) 332,750 + 19,660 = 352,410

(c) 515,770 - 41,650 = 474,120

(e) 1,240,000 - 1,075,000 = 165,000

COMG will be third row less fourth row

the ending WIP subtracted from the left side

(b) 352,410 - 23,500 = 328,910

(d) 515,770 - 54,000 = 461,770

(f) 1,240,000 - 1,068,000 = 175,000

8 0

3 years ago

A firm with market power faces the following estimated demand and average variable cost functions: Qd = 39,000 - 500 P + 0.4 M -

34kurt

Answer:

p = $62

Explanation:

the pictures herewith shows the whole explanation for the the work. Thank you and i hope the explanation works

7 0

3 years ago

5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital

gizmo_the_mogwai [7]

Answer:

D.

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

7 0

4 years ago

Land, buildings and equipment are acquired for a lump sum of $ 850 comma 000. The market values of the three assets are, respec

Elodia [21]

Answer: $168,131.87

Explanation:

In such a Scenario where a group of Fixed Assets were purchased for a lump sum amount and the individual figures are needed for proper accounting records, the market values of the component assets can be used to determine how the lump sum should be apportioned.

This can be done using the following formula,

=(Lump sum amount/ Sum of market values) x Market value of fixed asset

The Asset in question here is the Equipment.

The total sum of the Market Values is,

= 250,000 + 480,000 + 180,000

= $910,000

The market value of the Equipment is $180,000 and the lump sum was $850,000.

The cost of Equipment will therefore be,

=(Lump sum amount/ Sum of market values) x Market value of fixed asset

= (850,000 / 910,000) * 180,000

= $168,131.87

8 0

4 years ago

True or false: A flexible budget reporting sales volumes at three different levels will have the same fixed costs.

lapo4ka [179]

Answer:

True

Explanation:

A flexible budget is a budget in which you modify the activity levels to reflect changes in sales to help the company adjusts to different circumstances that may occcur. Also, in this budget the fixed costs remain constant and the variable costs change with the activity levels. According to this, the answer is that the statement that says that a flexible budget reporting sales volumes at three different levels will have the same fixed costs is true.

5 0

3 years ago

A credit card issues through a credit union would be an example of a _________ card.