Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 pts Question 4 Charlotte corporation provided the following information for September. In September the company bought raw materials at a cost of $71,000. Inventories:

image text in transcribed
image text in transcribed
image text in transcribed
1 pts Question 4 Charlotte corporation provided the following information for September. In September the company bought raw materials at a cost of $71,000. Inventories: Beginning Ending Raw Materials $30,000 $40,000 Work in Process $20,000 $21,000 Finished Goods $39.000 $53,000 The cost of the raw materials used in production was? O $61,000 $62,000 $65,000 $70,000 This Information was recorded for recently completed Job 501 on its job cost sheet. Direct materials cost $1,500 Total direct labor-hours worked on the job 30 Total machine-hours worked on the job 100 Direct labor wage rate per labor-hour $20 Manufacturing overhead is applied based on machine-hours. Predetermined overhead rate per machine-hour $10 Actual manufacturing overhead for the period $2,100 The total cost for the job on its job cost sheet would be: $3,100 $3,427 $4.571 $4,600 Data concerning Spoiler Enterprises Corporation's single product appear below: Selling price per unit $600 Variable expenses per unit $350 Fixed expense per month $450,000 What amount of sales in units are needed to generate a target profit is $60,000: (Do not round intermediate calculations.) 2.090 O 2.040 3.040 4,040

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Audit Report Property Assessment Division Department Of Revenue

Authors: Montana Legislature Office Of The L

1st Edition

1019260211, 978-1019260210

More Books

Students also viewed these Accounting questions

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

Differentiate Personnel Management and Human Resource Management

Answered: 1 week ago

Question

Describe the functions of Human resource management

Answered: 1 week ago

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago