Business, 02.07.2019 17:30 coryintheswamp
Atornado touched down and destroyed most of a company’s facilities. however, the controller and the cost accountant were able to recover a small part of manufacturing cost data for the current and prior month. they need records in order to file an insurance claim. this is the data they were able to recover: direct labor cost $250,000 purchase of raw materials $365,000 raw materials used for the month $350,000 sales for the month $1,240,000 gross profit ratio 40% of sales (gross profit was discussed in chapter 5 of the acc 2111 textbook) cost of goods available for sale $770,000 manufacturing overhead was 60% of direct labor inventories at the end of the prior month: finished goods $38,000; work in process $25,000; and raw materials $19,000. instructions: calculatethe amount of cost in the raw materials, work in process, and finished goods inventory for the current month (when the tornado took place) using the information above. using the knowledge acquired in the prior chapter, what analysis or conclusions can you make from the data? can the data be used to prepare financial statements? which one? will this be for the insurance company to process a claim?
Answers: 2
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How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c. increase prices
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Business, 22.06.2019 01:50, emm3456
Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.
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You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?
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Atornado touched down and destroyed most of a company’s facilities. however, the controller and the...
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