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Westkost [7]
2 years ago
14

The following is the information for the Brendan's Bread bakery company: Beginning raw materials inventory $ 53,200 Beginning wo

rk in process, inventory 78,400 Ending raw materials inventory 58,100 Ending work in process, inventory 98,000 Direct labor 149,800 Total factory overhead 105,000 Raw material purchases 210,000 Question: What is the value of Total Manufacturing Costs? Do not include a dollar sign or commas in your answer.
Business
1 answer:
snow_lady [41]2 years ago
3 0

Answer:

$254,900

Explanation:

Total Manufacturing Costs include all costs involved in manufacturing a Product such as direct materials, direct labor and indirect costs or overheads <em>incurred during the period of production</em>.

<u>Calculation of Total Manufacturing Cost</u>

Raw Materials (53,200 +210,000 -58,100)  $205,100

Direct Labor                                                   $149,800

Factory Overhead                                         $105,000

Total Manufacturing Cost                             $254,900

Conclusion

Total Manufacturing Costs will be $254,900

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Wendy wants to start a business. She knows many unaccredited investors who she knows will help her jumpstart her business. What
vodka [1.7K]

Available Options are:

A. Investors' allowable investment depends on the accredited or non-accredited status.

B. Investors may invest a combined $50 million within a 12-month period.

C. Investors may invest no more than $1 million combined for the first year of the business.

Answer:

Option C. Investors may invest no more than $1 million combined for the first year of the business.

Explanation:

The non-accredited investors do not invest more than $1 million for first year. Furthermore, for Investor it also imposes investment in current business conditions which says that Investor can invest in its business with greater of:

1. $2000

2. Or the lesser of (If the net worth of Wendy is less than $100,000)

  • 5% of its total income for the year
  • Net worth

There is also an option which is available if the net worth of Investor exceeds above $100,000 then he can invest up to lesser of 10% of his income or net worth, otherwise he will have to follow the above conditions.

Here, it also has an upper limit, which means that the investor can not invest more than $100,000 in the subsequent year, whatever the level of net worth or income he had for the year.

This means the non-accredited investor can not invest more than $1 million.

3 0
2 years ago
2. Alicia makes the statement that every time she eats chocolate, she gets acne. By ignoring the possibility that there may be a
bixtya [17]

Answer:

a. fallacy that association is causation

Explanation:

Alicia is making an association between chocolate and acne but, there is no proof on Alicia statement There should be a positive correlation between the chocolate eaten by Alicia and the acne to stablish a cause-effect between each variable else, we are doing a simplistic analysis.

7 0
2 years ago
Early in 20x3, Shifter, Inc. wrote put options for 1,000 shares of its common stock. Purchasers of the options can sell Shifter
OLEGan [10]

Answer: shifter discovers a loss of $3000

Explanation:

Because Shifter paid $5,000 more for the treasury stock than its fair value: 1,000 shares × ($20 − $15). The $2,000 fee (1,000 × $2) offsets that loss yielding a net loss of $3,000

7 0
2 years ago
Tyge Corporation recorded the following activities during its first month of operations. Purchased materials costing $300,000.
Liula [17]

Answer:

<u><em>Adjusted Cost of Goods Sold $ 610,000</em></u>

<em><u>Net Profit $ 160,000</u></em>

<em><u>Ending Inventory Materials   $ 20,000</u></em>

<em><u>Ending Inventory  Finished Goods $ 55,000</u></em>

<em><u>Ending Inventory Work In Process  $ 168,750</u></em>

Explanation:

<u><em>Tyge Corporation</em></u>

<u><em>Cost of Goods Sold Schedule</em></u>

Direct Materials Inventory $ 000000

Purchased materials  $300,000

<u><em>Less Ending Inventory $ 20,000</em></u>

Direct materials Used in production $280,000.

Direct labor costs of $220,000,

Applied manufacturing overhead at a rate of $25 per direct labor hour. (Direct labor workers earn $16 per hour). $343,750

(Working 220,000/16*25= 343,750)

Total Manufacturing Costs 843,750

Add Work in Process Beginning Inventory $ 0000

Cost of Goods Available For Manufacture $ 843,750

L<em><u>ess Work In Process Ending Inventory 168,750</u></em>

Cost Of Goods Manufactured $ 675,000

Add Finished Goods Opening Inventory  $0000

Cost of Goods Available for Sale $ 675,000

<em><u>Less Finished Goods Ending Inventory $55,000</u></em>

Cost of Goods Sold $620,000

LEss Over applied overhead 10,000

Adjusted Cost of Goods Sold $ 610,000

<em>Tyge Corporation</em>

<em>Income Statement </em>

Sales $900,000

Less Adjusted <em>Cost of Goods Sold  </em>$ 610,000

Gross Profit $ 290,000

Less selling and administrative Costs  $130,000

<u>Net Profit $ 160,000</u>

<u>Part B: </u>It is assumed that the beginning inventories of Direct Materials , Work in Process and  Finished Goods  are zero.

So adding the given balances and subtracting  we get the ending Inventories .

Materials Purchased $300,00

Materials used $ 280,000

<em><u>Ending Inventory Materials   $ 20,000</u></em>

<em />

Finished Goods  Transferred 675,000

Cost of Goods Sold 620,000

<em><u>Ending Inventory  Finished Goods $ 55,000</u></em>

<em />

Total Manufacturing Costs 843,750

Cost Of Goods Manufactured $ 675,000

<em><u>Ending Inventory Work In Process  $ 168,750</u></em>

3 0
2 years ago
A corporate bond was quoted yesterday at 102.16 while today's quote is 102.19. What is the change in the value of a bond that ha
Lostsunrise [7]

Answer:

The change in the value of the bond is $0.90. In other words, the value of the bond has increased by $0.90 from yesterday to today.

Explanation:

We have Value of the bond = Quoted value / 100 * face value

So,

Yesterday value of the bond = 102.16/100 * 3,000 = $3064.8;

Today value of the bond = 102.19/100 * 3,000 = $3065.7.

=> Change in the value of the bond = Today value of the bond - Yesterday value of the bond = $3065.7 - $3064.8 = $0.90.

In other words, the value of the bond has increased by $0.9 from yesterday to today.

6 0
2 years ago
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