Business, 05.07.2020 16:01 kaylaamberd

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: A B

Direct materials used $270,000 Beginning work in process $40,000

Direct labor 200,000 Ending work in process 20,000

Manufacturing overhead 300,000 Beginning finished goods 50,000

Operating expenses 350,000 Ending finished goods 30,000

A) $750,000 $790,000

B) $770,000 $750,000

C) $790,000 $810,000

D) $770,000 $790,000

2) Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below:

Project SoupProject Nuts
Initial investment$400,000 $600,000
Annual net income30,00046,000
Net annual cash inflow110,000146,000
Estimated useful life5 years6 years
Salvage value-0--0-
The company requires a 10% rate of return on all new investments.

Present Value of an Annuity of 1
Periods 9% 10% 11% 12%
53.8903.7913.6963.605
64.4864.3554.2314.111
The annual rate of return for Project Soup is:

A) 55%.

B) 7.5%.

C) 27.5%.

D) 15.0%.

Answers: 1

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Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of...