X Company reported the following year-end information:Beginning Raw Materials InventoryS70,000Ending Raw Materials Inventory60,000Beginning Work in Process Inventory126,000Ending Work in Process Inventory190,000Raw Materials purchased120,000Direct Labor210,000Manufacturing Overhead520,000Selling and Administrative Expenses198,000 Refer to the above, how much would the company report for cost of goodsmanufactured? *$796,000$1,050,000$598,000None of the abovePagBackNextEpasswords through Google Forms.This form was created Ins.de of Lebanese International University Report Abus

Cost of goods manufactured = Materials consumed + Direct labour + Manufacturing overhead + Beginning…

Answered: Refer to the above, how much would the…

Refer to the above, how much would the company report for cost of goods manufactured? * $796,000 O $1,050,000 O $598,000 O None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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based on the attached what is the answer?
Express the total costs, net profit (NP) in money and as a percentage in the table below. Sales Food Costs Labor Costs Overheads Total Costs Net Profit Net Profit percent $140.55 $40.99 $50.50 $23.34 $175.98 $55.45 $61.25 $34.00 $268.94 $81.38 $90.45 $74.88 $555.65 $120.00 $155.98 $111.54 $1010.80 $300.70 $240.54 $230.78
The net operating income reported by Erin Company in March 2021 amounted to $10,000, however, it decreased by $40,000 in April 2021, ending up with a loss. Besides, Erin Company is a retail company, and its management has provided the following-additional information for April 2021. tem Amsunt Sales Volume 75.000 unita Unit Selling Price Tetal Coribution Margin $1.500,000 Variable Cot of Goods Sed S00.000 Variable Selling Expenses per Unit Variahle Administrative Epees $9 per unit Fisod Selling Expon Fixed Administrative Expenses 25% of Total Administrative Expenses) 77 Contribution Margin Ratie 40% 17. What is the unit selling price? $20 per unit $30 per unit $41 per unit O $50 per unit O None of the above 18. What is the amount of variable administrative expenses for April 2021? * O $225,000 O $675,000 O $900,000 $1,305,000 O None of the above O O O O O
74. Subject :- Accounting
A computer company has $3920000 in research and development costs. Before accounting for these costs, the net income of the company is $2540000. What is the amount of net income or loss before taxes after these research and development costs are accounted for? $2540000 net income. O $0. $1380000 loss. Cannot be determined from the information provided.
Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…
The related data of Mireia Company: Cost of goods sold P1,687,800 Estimated overhead cost 2,000,000 Estimated direct labor hours 100,000 Actual overhead cost 1,789,300 Actual direct labor hours 87,100 Factory overhead is based on direct labor hours. How much is the adjusted cost of goods sold?
E15.24) Economic order quantity For each of the following independent cases, use the EOQ equation to calculate the economic order quantity: Case A Case B Case C Annual requirement (in units) 13230 1681 560 Incremental cost per order $250 $40 $10 Annual carrying cost per unit $6 $20
19. How much is the total distribution (selling) costs? a. 48,000 b. 56,000 C. 64,000 d. 108,000 20. How much is the total administrative expenses? a. 24,000 b. 132,000 C. 226,000 d. 668,000
Choose the correct letter of answer In 20x2 the Cranky Processing Company had the following data coming from its income statement (in Pesos): Sales, P1,200,000; Variable costs: (a) Goods sold, P400,000 and (b) S&A Expenses, P100,000; Fixed costs: (a) Factory overhead, P110,000, and S&A Expenses, P80,000. Income tax rate is 15%. Determine the required peso sales to provide an after-tax net income of P150,000. a. P261,765b. P176,471c. P366,471d. P628,235
Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…
Consider the following information for Belle Corp. Selling and Administrative Expenses 50,000.00; Depreciation Expense 80,000.003; Sales 400,000.00 ; Interest Expense 30,000.00; Cost of goods sold 150,000; taxes 18,550.00 What is the operating profit for Belle Corporation 120,000.00 None of the above 90,000.00 O 71,450