Answer:
According to a physical count, 600 units were on hand at the end of March. The cost of goods sold for March applying the FIFO method is:
$1081600
Explanation:
MARCH 1 800 20
MARCH 8 8600 22
MARCH 8 15400 22
MARCH 8 22400 24
MARCH 8 27400 24
Final Inv. 600
Sell units 74000
FIFO Purch. Unit cost Sell Un. Cost
MARCH 1 800 20 800 16000
MARCH 8 8600 22 8600 189200
MARCH 8 15400 22 15400 338800
MARCH 8 22400 24 22400 537600
MARCH 8 27400 24 26800 643200
74000 1081600
Total manufacturing costs=direct material+direct labor+manufacturing overhead
Calculate direct labor
Let direct labor be x
120%=1.2
1.2x=180000
Divide both sides by 1.2
X=180,000÷1.2
X=150,000 direct labor
Total manufacturing costs=
120,000+150,000+180,000
=450,000...answer
Hope it helps!
Answer:
should be Globally acceptable with Flexibility, Leadership and Patience also with almost extreme Cultural Adaptability andLanguage Skills
Answer:
(a) $2,040
(b) $1,020
Explanation:
(a) Under the accrual method of accounting revenue is recognized in the month when product is delivered,
Revenue is recognized on the March income statement from this order:
= Units Delivers × Unit price
= 136 × $15
= $2,040
(b) Revenue is recognized on the April income statement from this order:
= Units Delivers × Unit price
= 68 × $15
= $1,020
Answer:
He has to pay the insurance company=$1840.90
Explanation:
Value of his home=$449,000
Insurance company charges $0.41 per $100 of value in his home
Number of $100's in $449,000=449000/100=4490
They charge 0.41 for every $100=4490×0.41= $1840.90
He has to pay the insurance company=$1840.90
