Business, 19.02.2020 19:40 antcobra

Use the cost information below for Laurels Company to determine the manufacturing costs added during the current year:

Direct materials used $ 6,000

Direct labor used 8,000

Total factory overhead 6,100

Beginning work in process inventory 4,000

Ending work in process inventory 6,000

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Answer from: thegent1859

cost of goods manufactured= 18,100

Explanation:

Giving the following information:

Direct materials used $ 6,000

Direct labor used 8,000

Total factory overhead 6,100

Beginning work in process inventory 4,000

Ending work in process inventory 6,000

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= 4,000 + 6,000 + 8,000 + 6,100 - 6,000

cost of goods manufactured= 18,100

Answer from: Quest

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Answer from: Quest

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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