An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Swifty Company. SWIFTY COMPANY
Cost of Goods Manufactured Schedule
For the Year Ended December 31, 2020

Work in process (1/1) $217,560
Direct materials
Raw materials inventory (1/1) $
Add: Raw materials purchases 165,750
Total raw materials available for use
Less: Raw materials inventory (12/31) 31,930
Direct materials used $189,460
Direct labor
Manufacturing overhead
Indirect labor 18,160
Factory depreciation 45,740
Factory utilities 71,280
Total overhead 135,180
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31) 87,790
Cost of goods manufactured $549,230

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm