Answer:
$1,490,000
Explanation:
Given that,
Direct Material used = $795,000
Wages to Line workers = $270,000
Indirect Materials used = $425,000
Total product cost for the year:
Direct Material used + Wages to Line workers + Indirect Materials used
= $795,000 + $270,000 + $425,000
= $1,490,000
Therefore, the total product costs for the year is $1,490,000.
I’m going to with “fall until the demand rises. Because google says “If the supply increases, the prices decreases.” Meaning until the demand is higher then the supply the prices will get decrease.
Answer:
COGS= $181,000
Explanation:
Giving the following information:
Beginning Finished Goods= $39,000
Ending Finished Goods= $53,000
Cost of goods manufactured= 234,000 - 39,000= $195,000
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 39,000 + 195,000 - 53,000
COGS= $181,000
Answer:
$16,875
Explanation:
The amount received per year is $15,000 and the CPI increased from 144 to 162
Inflation rate = (New CPI - Old CPI)/Old CPI * 100
Inflation rate = 162-144/144 * 100
Inflation rate = 0.125
Inflation rate = 12.5%
Amount received = $15,000 * 12.5% = $1,875
==> $15,000 + $1,875 = $16,875
So, Grandmother will receive $16,875
Answer:
Annual depreciation= $77,000
Explanation:
Giving the following information:
Purchase price= $800,000
Salvage value= $30,000
Useful life= 10 year
Under the straight-line method of depreciation, the depreciation expense is constant along the useful life.
We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (800,000 - 30,000)/10
Annual depreciation= $77,000
