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Setler79 [48]
2 years ago
3

The following information was taken from Cody Co.'s accounting records for the year ended December 31, 2005: Decrease in raw mat

erials inventory $ 15,000 Increase in finished goods inventory 35,000 Raw materials purchased 430,000 Direct labor payroll 200,000 Factory overhead 300,000 Freight-out 45,000 There was no work-in-process inventory at the beginning or end of the year. Cody's 2005 cost of goods sold is___________.
Business
1 answer:
lana [24]2 years ago
6 0

Answer:

$910,000

Explanation:

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

= Total manufacturing cost -  Increase in finished goods inventory

where,

Total manufacturing cost is

= Direct material used + Direct labor payroll cost + factory Overhead cost

= $445,000 + $200,000 + $300,000

= $945,000

The direct material used is

= Raw materials purchased + Decrease in raw materials inventory

= $430,000 + $15,000

= $445,000

Now the cost of goods sold is

= $945,000 - $35,000    

= $910,000

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At an activity level of 3,000 units, North Corporation's total variable cost is $15,000 and its total fixed cost is $20,000. For
oee [108]

Answer:

$5 per unit.

Explanation:

At an activity level of 3,000 units, we have:

Variable cost per unit = Total variable cost / Units produced = $15,000 / 3,000 = $5

Since the variable cost per unit must be equal at both lowest and highest level of activities, theerefore, the variable cost per unit at 3,500 is also $5 per unit.

3 0
2 years ago
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second
zalisa [80]

Answer:

Increase in GDP =  $5

correct option is b. GDP increases by $5.00

Explanation:

given data

bake bread sold = $3.00

flour sold = $1

sells to consumer = $2.00

to find out

what is the effect on GDP

solution

we get GDP that is increase is express as

Increase in GDP = flour sold + ( bake bread sold - flour sold  ) + sells to consumer   ..................1

put here value we get by equation 1

Increase in GDP = $1 + ( $3 - $1 ) + $2

Increase in GDP =  $5

correct option is b. GDP increases by $5.00

6 0
2 years ago
A company uses the FIFO method for inventory costing. At the start of the period the production department had 20,000 units in b
UkoKoshka [18]

Answer:

equivalent cost per unit for labor: $4.1982

Explanation:

complete and transferred    165,000

work on ending WIP               16,500  //   22,000 x 75%

previous work on beginning (8,000) //  20,000 x 40%

Equivalent units                   173,500

labor cost added during the period 726,825

equivalent cost 726,825/173,500 = 4.198193084

equivalent cost per unit for labor: $4.1982

7 0
2 years ago
Suppose Charlene Brewster has times​ (in seconds) of 8.4​, 8.6​, 8.3​, 8.5​, 8.7​, 8.5 and a performance rating of 110​%. The no
const2013 [10]

Answer:

8.5

Faster than Normal

Explanation:

Charlene Brewster normal time for the operation will be calculated by taking average of times.

( 8.4 + 8.6 + 8.3 + 8.5 + 8.7 + 8.5 ) / 6

= 8.5

The normal time will be calculate by dividing the Charlene Brewster time by performance rating

8.5 / 110% = 7.7

The Charlene work performance is rated as faster than the normal time.

7 0
2 years ago
Khalid has just found out that his friend Jason is terminally ill.This has made him feel sad and lonely at the thought of living
Paha777 [63]

Answer:

B) Anticipatory Grief

Explanation:

As Khalid has found out that his friend Jason is terminally ill. This has made him feel sad and lonely at the thought of living life without his friend. Khalid's feelings best represent the concept of anticipatory grief which refers to the feeling of sadness and grief occurring before the actual happening of that loss. We become sad and emotional even before the actual happening of some incident. For example, when our dear friend is in hospital after a sever accident, then we start feeling this anticipatory grief that the chances are more that he will be dead soon so we feel more grief and sadness.

6 0
2 years ago
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