Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: Work in Process, January 1 $ 53,600 Work in Process, December 31 38,800 Total Factory overhead 7,300 Direct materials used 14,300 Direct labor used 28,300

Answers

Answer 1

Answer:

cost of goods manufactured= $64,700

Explanation:

Giving the following information:

Work in Process, January 1 $ 53,600

Work in Process, December 31 38,800

Total Factory overhead 7,300

Direct materials used 14,300

Direct labor used 28,300

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,600 + 14,300 + 7,300 + 28,300 - 38,800

cost of goods manufactured= $64,700


Related Questions

what is marketing shortly ​

Answers

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses.

the basic principle for recording nonmonetary transactions at fair value. modifications of the basic principle for recording nonmonetary transactions when fair value is not determinable or the exchange lacks commercial substance. the concept of commercial substance. the required disclosures for nonmonetary transactions.

Answers

The basic principle for recording non-monetary transactions at fair value - ASC 845-10-30-1.

A principle is a proposition or value that is a guide for behavior or evaluation. In law, it is a rule that has to be or usually is to be followed. It can be desirably followed, or it can be an inevitable consequence of something, such as the laws observed in nature or the way that a system is constructed. The principles of such a system are understood by its users as the essential characteristics of the system, or reflecting system's designed purpose, and the effective operation or use of which would be impossible if any one of the principles was to be ignored.[2] A system may be explicitly based on and implemented from a document of principles as was done in IBM's 360/370 Principles of Operation.

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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Answers

Using the appropriate tool from the Accountant Tools menu, the 4  options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C  and F:

ClassesCustomersProducts and ServicesAccount

What is QuickBooks Online Accountant?

In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.

This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.

Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.

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See full question below

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Classes

Customers

Products and Services

Locations

Tax Code

Account

Suppliers

Assume that the adult population of the United States is 191.6 million, total employment is 117.6 million, and 9.4 million are unemployed. Then the unemployment rate, as normally computed, is approximately ______ percent.

a. 7.9
b. 7.4
c. 9.4
d. 4.9

Answers

im thinking 7.9. correct me if im wrong. i think this because i took 191.6-117.6 and got 74 then divided that by 9.4 and got 7.87 and rounded to 7.9.

Which of the following is a potential reason for an employer to say "no" after looking at your application. Choose all that apply. A. Submitted an incomplete or unreadable application B. Submitted an incomplete or unreadable application C. Requested a salary higher than the one publicized D. Left gaps in work history Left gaps in work history E. Had been fired from several jobs Had been fired from several jobs

Answers

From the following a potential reason for an employer to say "no" after looking at your application would be that, you may left gaps in work history, and had been fired from several jobs.

A gap in work history or academic studies can be a spike in your career profile. Sob if If your job application reveals an employment gap, expect the employers to inquire. Also, if you had been fired from several jobs, this might be something to be paid attention to by an employer.

The most common form of gap reference is to obtain written confirmation from a professional referee or a character referee who would be knowing the candidate during the gap period in question.

Hence, options D and E are correct.

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Dorothea orginally sold her home for $92,000. At that time, her adjusted basis in the home was $95,000. Five years later, she repossessed the home when the balance of the note was $87,000. She resold it within one year for $100,000. Original sale expenses were $1,150 and reslae expenses were $1,350. Repossession costs were $2,900. She incurred $1,100 for improvements prior to the resale. What is Dorothea's recomputed gain?

Answers

Answer:

$3,500

Explanation:

The computation of Dorothea's recomputed gain is shown below:-

Particulars                                                Amount

Initial Sale price                                        $92,000

Less: Adjusted Cost of Home                ($95,000)

Less: Original Sale Expenses                  ($1,150)

Loss from 1st-time sale                             $4,150

Resold sale price                                     $100,000

Less: Repossessed Cost                          ($87,000)

Less: Improvements Costs prior to

Resale                                                       ($1,100)

Less: Repossession Costs                     ($2,900)

Less: Resale Expenses                           ($1,350)

Gain from Resale of Home                      $7,650

Less: Loss from 1st-time sale                  ($4,150)

Gain from Resale of Home                      $3,500

In the manufacture of car tires, a particular production process is known to yield 10 tires with defective walls in every batch of 100 tires produced. From a production batch of 100 tires,
a sample of 4 is selected for testing to destruction
Find the probability that the sample contains 1 defective tire.

Answers

Answer:

urkrorllkrkfkkflfllrlrklrlrlrlkrk kdklkkklor

What is marketing-information management (MIM)?

Answers

Answer:

Explanation:

Marketing Information Management (MIM) The process and methods used to gather information, analyze it, and report findings related to marketing goods and services.

Answer:

mm

Explanation:

Activities would you perform as an entrepreneur?


Answers

Answer:

no. because why it make since to person as an entrepreneur

example of globalization as internalization and liberalization

Answers

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\( \huge{ \underline{ \underline{ \mathtt{ \purple{A} \pink{N} \green{S} \blue{W} \red{E} \orange{R}}}}}\)♡

Example of Liberalization : - European Union has liberalized gas and electricity market.

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Example of globalization : - trading of commodities such as coffee or avocados.

❤Hope it's helpful↑(◍•ᴗ•◍)❤࿐

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Customers might sometimes describe contradictory needs

Answers

Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.

When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.

This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.

Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Customers might sometimes describe contradictory needs.

A. A customer's needs can sometimes be confusing.

B. Customers might sometimes give vague descriptions.

C. Customers sometimes describe needs that oppose each other.

D. Some customers are extremely thorough in describing their needs.

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Amika has a high-paying job that she loves. She works so much that she has little time for anything else, and she doesn’t have much family that she stays in contact with. In addition, Amika works with most of her friends, so she doesn’t really mind the long hours. She rarely takes her vacation days, though she loves to travel and works it into her lifestyle whenever she can. In what way does Amika’s job support and conflict with her lifestyle?

She can work with her friends, which supports her social life, but she has long hours, which does not allow for family time.
The job is high paying, which can support her love of nice things, but she has long hours, which does not allow for family time.
The job is high paying, which can support her love of travel, but she has long hours, which does not allow for vacations.
She can work with her friends, which supports her family life, but she has long hours, which does not allow for vacations.

Answers

Answer:

A

Explanation:

Just did it on edg

How do consumer preferences shape the market for livestock?

Answers

Answer:

The consumer preference is to have a meat that is leaner, and an equal amount of fat distributed throughout the meat.

Explanation:

This means that the cuts of meat that fit this description can be sold at a higher price than others.

___ refer to displaying infomation for the user's view.

Answers

Answer:

Dillon is packing equal quantities of pretzels and crackers for snacks. Dillon bags the pretzels in groups of 5 and the crackers in groups of 11. What is the smallest number of crackers that he can pack?

Explanation: can u awnser this?

Answer: Outputting

Explanation: took the quiz

An investment offers a total return of 12 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8.3 percent. What does Janice believe the inflation rate will be over the next year?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

Answers

According to Janice, the yearly rate of inflation will be 3.4%.

Why do you use the term inflation?

The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps. nations have gone through protracted periods of instability due to inflation.The costs of products and services are always subject to change in a market economy. Some prices increase while others decrease. When the cost of products and services rises broadly rather than simply for specific items, it is said to be experiencing inflation.

(1 + R) = (1 + r)(1 + h)

H = (1 + .12)/(1 + .083) - 1

H = 0.0340 or 3.40%

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Trimble Graphic Design receives $1,500 from a client billed in a previous month for services provided.
Which of the following general journal entries will Trimble Graphic Design make to record this transaction?
a. Cash 1,500
Accounts Receivable 1,500
b. Cash 1,500
Unearned Design Revenue 1,500
c. Accounts Receivable 1,500
Unearned Design Revenue 1,500
d. Cash 1,500
Design Revenue 1,500
e. Accounts Receivable 1,500
Cash 1,500

Answers

Answer:

A

Explanation:

Debit Cash 2,200; Credit Accounts Receivable 2,200

U already solved question 1 . I need help on question 2.

2. Identify one way Esther could have increased the total amount of money she made over the
40 years. Explain your reasoning.

U already solved question 1 . I need help on question 2. 2. Identify one way Esther could have increased

Answers

A way by which Esther could have increased the total amount of money she made over the 40 years if the she has invested in a index fund that gives a return of more than 7%.

What is a index fund ?

An index fund is a mutual fund or exchange-traded fund that is designed to adhere to specific preset rules in order to track a specified basket of underlying investments.

A mutual fund that invests in indexes is said to provide broad market exposure, low operating expenses, and low portfolio turnover. These funds adhere to their benchmark index regardless of market conditions.

Index funds are widely regarded as ideal core portfolio holdings for retirement accounts such as individual retirement accounts (IRAs) and 401(k)s.

Therefore, Esther should have chosen a higher return index fund.

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Jasmine Corporation purchased inventory costing $125,000 and sold 75% of the goods for $163,750. All purchases and sales were on account. Jasmine later collected 25% of the accounts receivable. Assume that sales returns are nonexistent.
1. Journalize these transactions for Jasmine, which uses the perpetual inventory system.
2. For these transactions, show what Jasmine will report for inventory, revenues, and expenses on its financial statement at the end of the month. Report gross profit on the appropriate statement. Assume beginning inventory is $0.

Answers

Answer:

Part 1

Purchase journal

Debit  : Merchandise Inventory $125,000

Credit : Accounts Payable $125,000

Sales journal

Debit  : Accounts Receivable $163,750

Debit  : Cost of Sales ($125,000 x 75%) $93,750

Credit : Sales Revenue $163,750

Credit : Inventory $93,750

Collection of Payments journal

Debit : Cash ($163,750 x 25%) $40,938

Credit : Accounts Receivable $40,938

Part 2

Inventory = $31,250

revenues = $163,750

expenses = $93,750

gross profit = $70,000

Explanation:

inventory = Purchases - Cost of sales

                = $125,000 - $93,750

                = $31,250

revenues = Sales to Customers paid up or not

                = $163,750

expenses = Cost of sales

                = $93,750

gross profit = Sales - Cost of sales

                   = $163,750 - $93,750

                   = $70,000

i. QUESTION THRee Consider the below information which reflects the changes in prices and quantities of each individual good in hypothetical economy. PRICES ii. ITEM Cotton Clothes Soft drinks QUANTITIES ITEM Cotton Clothes Required Soft drinks 2021 Tsh. 10 Tsh. 20 Tsh. 30 2021 200 400 600 2022 Tsh. 20 Tsh. 24 Tsh. 50 2022 250 450 650 2023 Tsh.14 Tsh.26 Tsh.48 2023 300 500 700 Compute the Consumer Price INDEX for year 2021, 2022 and 2023 using a base year. Determine the percentage increase of inflation from 2022 to 2023. ​

Answers

Answer:

To compute the Consumer Price Index (CPI) for the given years, we will use 2021 as the base year. The CPI measures the average price changes of a basket of goods and services over time.

Step 1: Calculate the total expenditure for each year using the base year prices:

2021: (Tsh.10 * 200) + (Tsh.20 * 400) + (Tsh.30 * 600) = Tsh.20,000 + Tsh.80,000 + Tsh.180,000 = Tsh.280,000

2022: (Tsh.10 * 250) + (Tsh.20 * 450) + (Tsh.30 * 650) = Tsh.25,000 + Tsh.90,000 + Tsh.195,000 = Tsh.310,000

2023: (Tsh.10 * 300) + (Tsh.20 * 500) + (Tsh.30 * 700) = Tsh.30,000 + Tsh.100,000 + Tsh.210,000 = Tsh.340,000

Step 2: Calculate the CPI for each year using the formula:

CPI = (Total expenditure in the given year / Total expenditure in the base year) * 100

CPI for 2021 = (Tsh.280,000 / Tsh.280,000) * 100 = 100

CPI for 2022 = (Tsh.310,000 / Tsh.280,000) * 100 = 110.71

CPI for 2023 = (Tsh.340,000 / Tsh.280,000) * 100 = 121.43

Step 3: Calculate the percentage increase of inflation from 2022 to 2023:

Percentage increase = ((CPI in 2023 - CPI in 2022) / CPI in 2022) * 100

Percentage increase = ((121.43 - 110.71) / 110.71) * 100 ≈ 9.68%

Therefore, the Consumer Price Index for 2021, 2022, and 2023 using 2021 as the base year is 100, 110.71, and 121.43, respectively. The percentage increase of inflation from 2022 to 2023 is approximately 9.68%.

Marketers can use to link the virtual world of online social networking with the
physical world of retail stores.

Answers

Gamification links the virtual world of online social networking with the physical world of retail stores and other locations.

1: Which of the following is an injection into the circular
flow of income?
A) The customs duties levied on luxury imports into the
country
B) The purchase by foreign firms of goods produced by
local firms
c) The higher interest rate offered to local savers, who open
deposits in foreign currency with local financial
institutions
D) The closure of a special government employment
targeted scheme (JEEP)

Answers

B) The purchase by foreign firms of goods produced by local firms is an injection into the circular flow of income.

Answer:

B

Explanation:

Investment, government spending, and exports rapidly boost an economy's whole demand, which further increases the level of income or output. They can be regarded as injections to the circular flow of income.

The Trade Shortage is the total value of a country’s exports less the total value of its imports

Answers

An economy is impacted by a trade imbalance when a country imports more goods than it exports. The trade deficit is calculated by deducting the value of imported products from the value of exporting goods.

What is the export value of a country less its import value?

The gap between a country's imports and exports during a given time period is known as the balance of trade (BOT).

What happens when imports outpace exports?

When imports exceed exports, the net exports figure is negative. This indicates that there may be a trade deficit in the nation. A trade surplus supports a nation's economic expansion.

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A successful data-driven market segmentation program depends on each of the following except:

a.
the rejection of tradiitional marketing research techniques

b.
the use of transactional and event data

c.
a common definition of market segments across all areas of the business

d.
developing a centralized and accessible CRM (Customer Relationship Management) database

Answers

A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".

The correct option to the given question is option a.

Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.

Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.

Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.

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Why are ethical concerns important issues when designing service pricing and revenue management strategies? What are potential consumer responses to service pricing or policies that are perceived as unfair?

Answers

Ethical concerns are important issues because service pricing schedules are intricate that it makes it easy for organizations to engage in unscrupulous manner.

What is ethics?

It should be noted that ethics simply means the ability to know what's right from what's wrong.

In this case, ethical concerns are important issues because service pricing schedules are intricate that it makes it easy for organizations to engage in unscrupulous manner.

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Companies might easily engage in dishonest practices due to the complexity of service pricing schedules, making ethical considerations significant.

Why do we need ethics?

Ethics may be defined as the capacity to distinguish between what is right and what is wrong.

In conclusion, Service pricing schedules are so complex that it's simple for businesses to act unethically, which raises ethical questions.

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Question 1: Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This blank (1)___________ is known as a blank (2) _____________.

1. a. single-use plan or b. standing plan

2. a. rule
b. regulation
c. policy
d. standard operating procedure

Question 2: Which of the following is a limitation of the planning process at Wirecard? Check all that apply.

a. Goals and plans help employees understand what behaviors are needed at work.
b. Goals and plans make employees more committed to their work.
c. Goals and plans can derail innovation and creativity.
d. Goals can make managers think they know what the future will be like, even when they don’t.

Answers

1. Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This blank standing plan is known as a blank standard operating procedure

2. Goals and plans can derail innovation and creativity and goals can make managers think they know what the future will be like, even when they don’t. Options c and d are the answers.

What are goals and plans?

Goals are the intended results or targets that a person, group, or organization aspires to achieve within a predetermined timeframe. They serve as a source of motivation and offer actions a clear direction and purpose. To promote clarity and effectiveness, goals are often specific, measurable, achievable, relevant, and time bound.

Plans: Plans are the steps or approaches developed to accomplish the specified goals. They lay forth the procedures, materials, and schedules needed to accomplish the specified goals. Plans can be short-term or long-term and can cover a variety of topics, including project plans, operational plans, marketing plans, and financial plans. They offer a decision-making road map and direct people and organizations toward achieving their objectives.

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Which lender most likely offers the best options on a short-term loan?

a payday lender
b a mortgage lender
c a title lender
d a bank or credit union​

Answers

Answer:

D a bank or credit union

Explanation:

Just took it

The lender most likely offers the best options on a short-term loan is a bank or credit union​.

A short-term loan is a credit facility given to people or organisations to cover a cash shortage. Credit cards, bank overdrafts, trade credit, payday loans, etc. are some examples.

Depending on the form of debt, the loan tenure varies. While some loans have a term of 1-2 years, many have maturities of 6–12 months.

The interest rates, or annual percentage rates, are frequently set at high levels. Lenders try to make up for the lack of adequate earnings caused by short tenure by charging higher interest rates.

A short-term loan is a credit facility given to people or organisations to cover a cash shortage. Credit cards, bank overdrafts, trade credit, payday loans, etc. are some examples.

Depending on the form of debt, the loan tenure varies. While some loans have a term of 1-2 years, many have maturities of 6–12 months.

The interest rates, or annual percentage rates, are frequently set at high levels. Lenders try to make up for the lack of adequate earnings caused by short tenure by charging higher interest rates.

Since there is no tangible asset that may be sold to recoup the debt in the event of a default, most short-term loans are unsecured. As a result, applicants for loans with strong credit histories are prioritised.

Applicants with low credit scores frequently face considerable difficulty getting a short-term loan. They frequently receive loans with extremely high interest rates.

What is bank?

A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits. The bank may engage in lending activities directly or indirectly through the capital markets.

What is credit union?

Since a credit union is truly organised as a cooperative, it is owned by its members. Members of credit unions are often those who have something in common, such as a profession, a place of residence, a religious affiliation, or membership in another group. Additionally, since they are nonprofits, credit unions are typically excluded from paying federal taxes. Some of them even get financial aid from the associations to which they are linked. As a result, credit unions are free from the pressure of turning a profit for shareholders.

The credit union's goal is to offer its members the most affordable terms for their financial goods. In comparison to bank customers, members typically receive lower lending rates, pay fewer (and lower) fees, and earn better APYs on savings products.

Supporting answer

Hence option D is correct answer

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PLEASE HELP WILL MARK BRAINLIST

PLEASE HELP WILL MARK BRAINLIST

Answers

A they earn a higher salary

The knowledge and skills of people increase.

Interests banks pay to borrower from other banks

Answers

Answer: interbank lending market

Explanation:

highlight four ways in which business risk may be classified​

Answers

Answer:

Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk.

Explanation:

Why are people so addicted to cell phones?

Answers

Answer:

They have games and entertaining when ur bored

The smartphone has become a constant companion. We carry it throughout the day and keep it by our bedside at night. We allow ourselves to be interrupted with messages from social media, emails and texts. We answer phone calls at times when it is not socially acceptable, and we put our immediate interactions with friends and family on hold when we hear that ring tone that tells us a message is arrived.
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