Business
Business, 22.04.2021 19:20, maddigrace3

Maryville, Inc., incurred the following costs during August: Raw materials used $ 39,700 Direct labor 68,900 Manufacturing overhead, actual 42,600 Selling expenses 26,530 Administrative expenses 13,970 Interest expense 9,700 During the month, 5,600 units of product were manufactured and 4,000 units of product were sold. On August 1, Maryville, Inc., carried no inventories. On August 31, there were no inventories other than finished goods. Required:
a. Calculate the cost of goods manufactured during August and the average cost per unit of product manufactured.
b. Calculate the cost of goods sold during August.
c.1. Calculate the difference between cost of goods manufactured and cost of goods sold.
c-2. How will this amount be reported in the financial statements? Finished goods inventory Work in progress inventory Raw materials inventory
d. Prepare a traditional (absorption) income statement for Maryville, Inc., for the month of August . Assume that sales for the month were $264,867 and the company's effective income tax rate was 40%.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 04:30, lizdeleon248
Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.
Answers: 1
image
Business, 22.06.2019 09:00, Moocow17
Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance
Answers: 2
image
Business, 22.06.2019 11:10, addsd
Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.
Answers: 1
image
Business, 22.06.2019 16:40, yovann
Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?
Answers: 3
Do you know the correct answer?
Maryville, Inc., incurred the following costs during August: Raw materials used $ 39,700 Direct labo...

Questions in other subjects:

Konu
English, 04.11.2019 20:31