Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

A manufacturing firm's costs were as follows: o Factory overhead - $122,000 o Depreciation of production plant - $6,400 o Admin expense - $8,800 o

A manufacturing firm's costs were as follows: o Factory overhead - $122,000 o Depreciation of production plant - $6,400 o Admin expense - $8,800 o Direct labour - $86,400 o Selling and distribution - $12,000 o Closing work in progress - $12,400 o Raw materials - $55,000 O - There was no opening work in progress, and mark up is 20%. What is the transfer value of goods produced

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

8.16 Biomass Estimates of the earth's biomass, the total amount of vegetation held by the earth's forests, are important in determining the amount of unabsorbed carbon dioxide that is expected to...

Answered: 1 week ago

Question

★★★★★

Mike Moore's microbrewery is considering production of a new ale called Mike's Honey Harvest Brew. To produce this new offering he is considering two independent projects. Each of these projects has...

Answered: 1 week ago

Question

★★★★★

1. EX.21-01 Personal de for the months of at the beginning of the school year, Priscilla Wescott decided to or year, Priscilla Wescott decided to prepare a September, October, November, and December....

Answered: 1 week ago

Question

★★★★★

Chapter 1 2 Exploration 1 2 . 3 c - Net Profit Ratio ( 0 6 ) Goal: Learn to calculate the Net Profit Ratio. Instructions: You are given several values that might appear on a financial statement. Use...

Answered: 1 week ago

Question

★★★★★

At the end of Year o Jarrett Corp. developed the following forecasts of net income: Forecasted Year Net Income Year 1 $20,856 Year 2 $22,733 Year 3 $24,552 Year 4 $27,252 Year 5 $29,978 Management...

Answered: 1 week ago

Question

★★★★★

write a Business Memo The cafeteria at the college is a private company and is raising the price of the food. As a cafeteria manager, you must tell all your employees in your organization, the...

Answered: 1 week ago

Question

★★★★★

What measure have been undertaken by hospitals to control the costs of pharmaceuticals given the freedom physicians have to prescribe with no accountability for costs? Thoroughly defend your answer.

Answered: 1 week ago

Question

★★★★★

Assume the beach along the coast of Alaska has a slope of 1/250 and that the swell has the mean direction of propagation of 27 degrees, what is the alongshore flow rate? Would the flow rate change...

Answered: 1 week ago

Question

★★★★★

Describe how the distribution strategy creates value for the target. Compare the distribution strategy to competitors

Answered: 1 week ago

Previous Question Next Question