subject
Business, 30.03.2020 17:31 aydanbelle

On January 1, Alistair Manufacturing had a beginning balance in WorkminusinminusProcess Inventory of $ 163 comma 000 and a beginning balance in Finished Goods Inventory of $ 22 comma 000. During the year, Alistair incurred manufacturing costs of $ 203 comma 000. During the year, the following transactions occurred: Job Cminus62 was completed for a total cost of $ 144 comma 000 and was sold for $ 158 comma 000. Job Cminus63 was completed for a total cost of $ 184 comma 000 and was sold for $ 214 comma 000. Job Cminus64 was completed for a total cost $ 81 comma 000 but was not sold as of yearminusend. The Manufacturing Overhead account had an unadjusted credit balance of $ 25 comma 000 and was adjusted to zero at yearminusend. What was the amount of gross profit reported by Alistair at the end of the year?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:30
The budgeted overhead cost for the year is $1,260,000. the company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. the current audit bid for monoco industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. what is the overhead rate based on a single cost driver (rounded to the nearest percentage)?
Answers: 3
question
Business, 22.06.2019 08:50
Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize
Answers: 3
question
Business, 22.06.2019 21:10
The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02
Answers: 3
question
Business, 22.06.2019 21:50
Assume that (i) setups need to be completed first; (ii) a setup can only start once the batch has arrived at the resource, and (iii) all flow units of a batch need to be processed at a resource before any of the units of the batch can be moved to the next resource. process step 1 molding 2 painting 3 dressing setup time 15 min. 30 min. no setup processing time 0.25 min./unit 0.15 min./unit 0.30 min./unit which batch size would minimize inventory without decreasing the process capacity?
Answers: 1
You know the right answer?
On January 1, Alistair Manufacturing had a beginning balance in WorkminusinminusProcess Inventory of...
Questions
question
Mathematics, 26.09.2019 05:30
question
Mathematics, 26.09.2019 05:30
Questions on the website: 13722359