Work in process inventory increased by $20,000 during the current year. Cost of goods manufactured was $180,000. Total manufacturing costs incurred are

Answers

Answer 1

Answer:

$200,000

Explanation:

The work in process process inventory had an increase by $20,000 during the year

The cost of goods that were manufactured is $180,000

Therefore the total manufacturing costs incurred can be calculated as follows

= cost of goods sold that was sold + work in process inventory increase

= $180,000 + $20,000

= $200,000

Hence the total manufacturing costs that was incurred is $200,000


Related Questions

A sales manager learns of the new specifications for the latest TITAN. How does she know if it is permissible to tell a customer about them?

Answers

Answer:

• If the information has been made public

• If Nissan gives a written permission to discuss the information

Explanation:

From the question, we are informed that a sales manager learns of the new specifications for the latest TITAN. To know if it is permissible to tell a customer about them, she'll have to find out whether the information regarding the titan has been made public and also if Nissan has given a written permission to discuss the information.

The final item to be recorded on the project meeting minutes is an evaluation of both good and poor points from the meeting. On agile projects, this evaluation is called the ____:

Answers

Answer:

Retrospective

Explanation:

These are options for the question;

a.stakeholder analysis

b.lessons learned

c.plus-delta process

d.Retrospective

We were told from the question that an item to be recorded on the project meeting minutes is an evaluation of both good and poor points from the meeting. Then since the evaluation involves both good and poor points On agile projects, the evaluation is called the retrospective.

It should be noted that retrospective provide a way of measuring the degree in which the goals of the organization are been met. And make sure that degree of success is high as possible.

In this assignment, you will practice using your knowledge of an organization's responsibilities to
workers.
Which of the following traits are most important in hiring decisions? Check all of the boxes that apply.
education
gender
experience
national origin
DONE V

Answers

Answer:

The correct options are;

1) Education

2) Experience

Explanation:

The important traits that influence hiring decisions are;

1) Experience in the post advertised as always clearly outlined in job posting adverts, an experienced person will be more trusted to be able to do the advertised job than one with little experience

2) Fitting personality for the role is important especially when the job is demanding and involve grey areas such as new developments

3) Potential; The capacity to do the job and well

4) Education; Education is evidence of the ability and willingness and desire  to learn.

Answer:

A. Education

C. Experience

Explanation:

Which inventory costing method assumes that cost of goods sold and ending inventory consist of a mixture of all the goods available for sale?

Answers

Answer:

Average Cost Method

Explanation:

It is also known as weighted average cost. Under this method of costing, it is assumed that cost of inventory is based on the average cost of the goods available for sale during the accounting period. Meaning that the average cost is derived by dividing the total cost of goods available for sale by the total units available for sale.

What role do funds (money) play in the circular flow model? a. They are what households or firms pay for products or resources. b. They are the means by which trade creates value. c. They enable firms and households to interact with foreign firms and households. d. They enable firms and households to pay their taxes

Answers

Answer:

a. They are what households or firms pay for products or resources.

Explanation:

The circular flow model shows how money flows in the society, from producers to workers in the form of wages, and back to the producers as money paid for products thereby providing exchange between the household and the firm.

The household work for firms in exchange for money to pay for goods and services offered by the firm while the firm sell there goods to the household so as to be able to generate profits.

Doug's house was listed for $635,000. The property eventually sold for $615,000. The agreed upon commission was 5%. How much did Doug pay in commissions at the closing of the property...?

Answers

Answer:

$30,750

Explanation:

Calculation for How much did Doug pay in commissions at the closing of the property

Using this formula

Amount of Commission paid=Property sales amount×Commission percentage

Let plug in the formula

Amount of Commission paid=$615,000×5%

Amount of Commission paid=$30,750

Therefore the amount that Doug pay in commissions at the closing of the property will be $30,750

The prospects for many types of jobs are ____ as automation progresses from manufacturing to clerical and retail jobs. Select one: a. best b. poor c. good d. unchanged

Answers

Answer:

Poor

Explanation:

Automation has made certain jobs redundant and machines can now carry out most of the functions  usually carried out by labour. As a result, the prospects for many types of jobs is low

Using covert influence to overcome resistance to change is called ________. negotiation manipulation coercion communication cooptation

Answers

Answer:

Manipulation

Explanation:

Using covert influence to overcome resistance to change is called MANIPULATION.

These manipulations result to the overpowering to the things that resist change by using covert influence.

The covert influence or action is an activity whereby political, military and economic conditions are influenced outside by the U.S government but such influences are not apparently known publicly. It's a manipulative strategy.

Sustainability programs often find their success beyond company boundaries, thus ______ systems and _____ metrics cannot capture all of the relevant numbers.

Answers

Answer:

internal; process

Explanation:

Sustainability programs are usually used by organization for the growth of the organization, it may be interms of risk management and others however, it has to be a continuous process for it to be achieved.

It should be noted that Sustainability programs often find their success beyond company boundaries, thus internal systems and process metrics cannot capture all of the relevant numbers.

Any given demand or supply curve is based on the ceteris paribus assumption that ___________________. Group of answer choices When economists talk about supply, they are referring to a relationship between price received for each unit sold and the _________________.

Answers

Answer:

1. all else is held equal

2. quantity supplied

Explanation:

Given economics terminologies and definitions, it can be concluded that any given demand or supply curve is based on the ceteris paribus assumption that ALL ELSE IS HELD EQUAL

Also, it can be easily concluded that when economists talk about supply, they are referring to a relationship between the price received for each unit sold and the QUANTITY SUPPLIED.

"The MSRB online system that gives non-professional investors key information about municipal securities, including issuer financial disclosures, notices of material events, real-time prices, and market statistics is called:"

Answers

Answer: EMMA

Explanation:

MSRB is an acronym for The Municipal Securities Rulemaking Board and it is a body that is in charge of the regulating the body that gives policies and rules for the financial institutions that issue and sell municipal securities.

EMMA gives non-professional investors key information about municipal securities, including issuer financial disclosures, notices of material events, real-time prices, and market statistics.

Scott Drilling Contractors recently issued a corporate bond on which it expects to pay interest for the next twenty years. Scott would record this as a __________ on its balance sheet.

Answers

Answer: Long-term Liability

Explanation:

Long-term liabilities are those debt obligations that a company has which it will only pay off in a period more than a year.

As the corporate bond that Scott Drilling Contractors issued is one that will see them making payments for 20 years, that Corporate Bond which is a debt obligation qualifies as a long-term liability and thus will be recorded as such.

Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months at an APR of 12.5%. Determine Teagan's monthly payment. Round your answer to the nearest cent, if necessary. Formulas

Answers

Answer:

$78.06

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e. to be shown in the attachment below:

Given that,  

Present value = $1,650

Future value or Face value = $0

RATE = 12.5% ÷ 12 = 1.0416%

NPER = 24 months

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the monthly payment is $78.06

People pay monthly subscription fees to get current stock price from financial service companies. This behaviour highlights the ________ characteristic of information. Group of answer choices

Answers

Answer: timeliness

Explanation:

Timeliness has to do with time expectation for both information accessibility and availability. It can be measured as when an information is expected and the moment that the information is available for use.

People pay monthly subscription fees to get current stock price from financial service companies. This behaviour highlights the timeliness characteristic of information.

The company pays cash for a piece of equipment. the list price was $9,100, but after negotiation, the final purchase price was $8,700.

Answers

Answer:

this question is part of a longer question where you had to state how this transaction affects the accounting equation of the company:

the journal entry would be

Dr Equipment 8,700

    Cr Cash 8,700

Since both accounts are asset accounts, only the assets will be affected. Cash balance will decrease by $8,700 while equipment will increase by the same amount:

Assets                                                = liabilities + equity

cash         equipment

-8,700      8,700

To find operating cash flow for the business for the year, add depreciation expense to EBIT and then ________. Question 8 options: A) subtract the interest expenses B) subtract the taxes C) add the taxes D) add interest expenses

Answers

Answer:

B) subtract the taxes

Explanation:

The formula to compute the operating cash flow is shown below

The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,  

EBIT = Sales - cost of good sold - depreciation expense

Also the operating cash flow refers to the cash amount i.e. created through the day to day activities within a particular period

Hence, the correct option is b.

Jennifer Rodriguez plans to attend graduate school in 5 years. She thinks that she will need a total of $32,000 to pay for school, and she wants to save money each month to reach her goal. What type of computation should she use?

Answers

Answer:

"Future value of an annuity" is the appropriate solution.

Explanation:

The future amount of an annuity seems to be the interest or price of a collection of additional payments throughout the aggregate beyond a certain point of time, considering a better rate of interest, or dividend yield. The higher the demand, the greater the potential quality of the investment account.

5 th question answer please

Answers

Answer:C

Explanation:

Answer:

c

Explanation:

it is not a flexible mode of transport

"The link between marketing ethics/social responsibility and firm performance has been documented repeatedly over time. This link is most evident in firms that have a strong __________."

Answers

Answer:

ethical climate

Explanation:

We were informed that the link between marketing ethics/social responsibility and firm performance has been documented repeatedly over time.

In this this case is most evident in firms that have a strong ethical climate. Strong ethical climate in finance reffered to the degree of ethics been utilized by an organization, it involves the morals and improve employee morale when they experience ethical climate such as caring, independence and other ethical factors.

.

Some 500 customers a day line up to buy​ Avalon's breads,​ scones, muffins, and coffee. Staffing and management are worries. Avalon now employs 35 and plans to hire 15 more. Its payroll will climb by 30 percent to 40 percent. The new CEO has executed an ambitious agenda that includes the move to a larger​ space, which will increase the rent from​ $3,500 to​ $10,000 a month.

Answers

Complete Question:

Read the news clip, then answer the following question A Bakery on the Rise Avalon's decision to -is a long-run decision. O A. move to a larger space Up to 500 customers a day line up to buy Avalon's breads, scones, muffins, and coffee. Staffing and management are worries. Avalon now employs 35 and plans to hire 15 more. Its payroll will climb by 30 percent to 40 percent. The new CEO has executed an ambitious agenda that includes the move to a larger space, which will increase the rent from $3,500 to $10,000 a month Source: CNN, March 24, 2008

Avalon's decision to __________ is a long run decision.

A. Move to Larger Space

B. Hire 15 more employees

Answer:

Option A. Move to Larger Space

Explanation:

The decision that alters only a single variable factor is considered as a short run decision. Labor, electricity usage, increased production are examples of variable factors. This means that increase in employees is a short run decision.

On the other hand, decision to increase or decrease the fixed factors are considered as long run decision because it is difficult to alter the decision and if we do so, then we will encounter heavy losses for a long period of time. Long run decision includes selling or purchasing or leasing of property, plant and equipment are considered as fixed factors.

In this case, Avalon is considering to move to a larger space which will result in significant increae in fixed cost. Hence it is fixed factor and is long run decision. Hence Option A is correct here.

Ashton wants to generate interest in the new branch of his hobby stores that is opening next week. He plans to offer temporary price cuts and issue coupons. This practice is referred to as a. price discrimination. b. price promotion. c. price instability. d. price sensitivity.

Answers

Answer:

B. Price promotion

Explanation:

Ashton by trying to create awareness in his new branch, he is planning to cut price and offer coupons so as to persuade customers to purchase from him. The practice is known as price promotion.

Price promotion is the combination of two words "price" and "promotion".

Price refers to the amount of money paid by consumers to purchase goods and services.

Promotion on the other hand refers to activities that persuade the consumers to buy a product and communicate the product’s features and benefits.

Combining the two definitions, pro promotion refers to a discount in price which will encourage consumers to purchase a product.

A 76.00 pound flask of mercury costs $130.00. The density of mercury is 13.534 g/cm3. Find the price of one cubic inch of mercury by calculating intermediate values. What is the price of one pound of mercury

Answers

Answer:

Explanation:

a) Find the price of one cubic inch of mercury by calculating intermediate values.

• What is the price of one pound of mercury?

• What is the price of one gram of mercury?

•What is the price of one cubic centimeter of mercury?

• What is the price of one cubic inch of mercury?

b) It takes 3.700 cubic inches of mercury to make one manometer. Find the price of the mercury used to make 19 manometers by first calculating the cost of mercury for one manometer.

• price of one pound of Mercury = cost of flask of mercury / pounds in the flask

= $130 / 76 pounds

= $1.71

price of one pound of Mercury = $1.71

• Price of one gram of mercury

1 pound = 453.6 grams

76 pound = 34473 grams

Price of one gram of mercury = price of mercury per pound / grams in one pound

= $1.71/ 453.6 grams

= $0.00377

Price of one gram of mercury = $0.00377

• Price of one cubic centimeter of mercury

Grams per cubic centimeter = 13.534 g/cm^3

price of one cubic centimeter =

Grams per cubic centimeter × price per grams

= 13.534 g/cm^3 x $0.00377

=$0.051

• Price of one cubic inch

1 cubic inch = 16.387 cubic centimeter

price of one cubic inches= 16.387 cubic centimeter × price per cubic centimeter

= 16.387 cubic centimeter x $0.051

=$ 0.836

(b) price of 3.700 cubic inches = price per cubic inches × 3.700 cubic inches

= $0.836 x 3.7

=$ 3.094

3.700 cubic inches = 1 manometer

price of one manometer = $3.094

Price of 19 manometers = $3.094 x 19

= $ 58.794

Issues management today can be considered a subset of the activities of public affairs departments. strategic planning staffs. public relations departments. various ad hoc committees.

Answers

Answer: public affairs department

Explanation:

The objective of issues management is

to help increase the social responsiveness of an organization to its stakeholders. It should be noted that firms get more options when there's an early anticipation of issues.

Issues management today can be considered a subset of the activities of public affairs departments.

.

is a doctor an occupation

Answers

Answer:

Yes , doctor is an occupational

Yes they definitely are

At December 31​ year-end, Cushion Corporation has a $9,000 note receivable from a customer. Interest of 4​% has accrued for 10 months on the note. What will Cushion's financial statements report for this situation at December​ 31?

Answers

Answer:

The financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300

Explanation:

Calculation for what Cushion's financial statements report for this situation at December​ 31

Based on the information given we were told that the Corporation has the amount of $9,000 as note receivable from a customer with an Interest of 4​% which has accrued for 10 months on the note which mean that the financial statements will report will report the note receivable of the amount of $9,000 and interest receivable of the amount of $300 at December 31 ​ which was calculated as :

Interest receivable =$9,000×0.04×10/12

Interest receivable =$300

Therefore the financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300

California’s agricultural acreage in 1981 equaled ___ acres.

Answers

Answer:

9.7 million

Explanation:

California a state in the United States of America is considered to be first or number one in ranking concerning agricultural activities in the country. Agriculture is generally understood to be the most significant industry in California and in 1981, the agricultural acreage equaled 9.7 million acres.

Hence, the correct answer to the question is 9.7 million acres.

Melvin Crane is 66 years old, and his wife, Matilda, is 65. They filed a joint income tax return for 2019, reporting an adjusted gross income of $22,200, on which they owed a tax of $61. They received $3,000 from Social Security benefits in 2019. How much can they claim on Form 1040 in 2019, as a credit for the elderly?

Answers

Answer:

$0

Explanation:

the credit for the elderly is the lesser of the following:

1) taxes owed = $61

2) you calculate the credit for the elderly by subtracting $7,500 - $3,000 (social security benefits) = $4,500

then you subtract half of your AGI over $10,000 = ($22,000 - $10,000) x 50% = $5,500

the credit = $4,500 - $5,000 = $0 (there are no negative tax credits)

the lesser between $61 and $0 is $0.

Net income is ________. Question 7 options: A) not cash flow B) earnings before interest and taxes C) the cash flow from the operations of the company during the period D) the increase or decrease in cash flow for the period

Answers

Answer:d the increase or decrease in cash flow for the period of time

Explanation:

It’s the amount gained and lost in the amount of time they were in business

A trust under which property is transferred by a living trustor to a trustee with instructions for management of assets and for distribution of income, is known as a(n

Answers

Answer:

inter vivos trust.

Explanation:

A trust under which property is transferred by a living trustor to a trustee with instructions for management of assets and for distribution of income, is known as an inter vivos trust. The main purpose of an inter vivos trust is to facilitate the naming of the beneficiaries of assets or property for transfer purposes while the owner is still alive in order to avoid probations.

Dentify the sentence type: places like taco bell provide affordable and convenient food for americans, but consumers need to be aware of the health consequences of eating too much fast food. simple compound complex compound-complex

Answers

Answer:

The correct answer is the option: Compound.

Explanation:

To begin with, the sentences that are compound are understood to be the ones who have at least two or more independent clauses that are joined together by a comma, semicolon or by a conjunction. Therefore that the sentence presented in the text corresponds to a compound sentence due to the fact that you can find two different clauses that are joined together by a comma and a coordinator in this case ("but") and when that happens that coordinator adds also flowness to the sentence.

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