Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 87,100 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 11,200 $ 20,000 Work in process $ 56,000 $ 68,500 Finished goods $ 34,900 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.

Answers

Answer 1
Answer:

Answer and Explanation:

1. The Preparation of schedule of cost of goods manufactured for the month is prepared below:-

Primare Corporation

Schedule of Cost of Goods manufactured

Particulars                                                             Amount

Direct Materials:

Beginning Raw Material                      $11,200

Add: Raw Material purchases

during the month                                 $32,000

Total Raw Material available              $43,200

Less: Ending Raw material                   $20,000

Raw Material used in production         $23,200

Less: Indirect Material included in

manufacturing Overhead                       $4,680  $18,520

Add: Direct labor                                                   $59,300

Add: Manufacturing overhead

applied to work in process                                    $87,100

Total Manufacturing Costs                                   $164,920

Add: Beginning Work In Process                           $56,000

Less:  Ending Work in Process                               $68,500

Cost of Goods manufactured                                $152,420

2. The Preparation of schedule of cost of goods sold for the month is prepared below:-

Primare Corporation

Schedule of Cost of Goods Sold

Particulars                                                             Amount

Beginning finished Goods Inventory                    $34,900

Add: Cost of Goods Manufactured                       $152,420

Goods available for sale                                        $187,320

Less: Finished Goods Inventory, Ending               $43,700

Unadjusted cost of goods sold                             $143,620

Add: Under-applied Overhead                               $4,100

Cost of Goods Sold adjusted                                 $147,720

(Under-applied overhead refers that there was less overhead applied that is Actual overheads are more than the overhead applied, thus adding to the cost of the goods sold)

Answer 2
Answer:

Final answer:

To compute the cost of goods manufactured, figure out the cost of raw materials used, and sum it with the direct labor costs and manufacturing overhead costs, and adjust for work in process inventory. To determine the cost of goods sold, begin with the cost of goods manufactured, adjust for finished goods inventory, and account for under or overapplied overhead.

Explanation:

Firstly, to calculate the schedule of cost of goods manufactured, begin with the raw materials purchased ($32,000) and add the beginning inventory for raw materials ($11,200), then subtract the ending inventory for raw materials ($20,000). This will give you the cost of raw materials used. Then add the direct labor cost ($59,300) and manufacturing overhead cost ($87,100) to get the total manufacturing cost. Add it to the beginning work in process inventory ($56,000) and subtract the ending work in process inventory ($68,500). This ultimately yields the cost of goods manufactured.

Secondly, to determine the cost of goods sold (COGS), start with the cost of goods manufactured from the previous calculation, add beginning finished goods inventory ($34,900) and subtract ending finished goods inventory ($43,700). Finally, adjust for the underapplied overhead ($4,100).

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What are the characteristics of a Market Economy?
The amount of a good that must be given up to produce another good is the concept of:a. scarcity. b. specialization. c. trade. d. efficiency. e. opportunity cost.

What is JROTC?


Pls answer

Answers

Answer:

Junior Reserve Officers' Training Corps

Explanation:

The Junior Reserve Officers' Training Corps (JROTC -- commonly pronounced "JAY-rawtsee") is a federal program sponsored by the United States Armed Forces in high schools and also in some middle schools across the United States and United States military bases across the world.

Sources: Google and Wikipedia

Answer:

an organization for future politicians

Explanation:

If the fed lends five banks an additional total of​ $100 million but depositors withdraw​ $50 million and hold it as​ currency, what happens to reserves and the monetary​ base? use​ t-accounts to explain your answer.

Answers

Answer:

The five banks' reserves will increase by $50 million, while the monetary base will increase by $100 million ($50 million in banks and $50 million out with the clients)

Explanation:

The five banks:                                                    

      assets                                 liabilities

reserves +$100 million      Fed's loan +$100 million

reserves -$50 million        clients' deposits -$50 million      

                              net effect

reserves +$50 million       Fed's loan +$100 million

                                          clients' deposits -$50 million

The Fed:

      assets                                 liabilities

loans to 5 banks                 reserves in banks +$50 million

+$100 million

                                            currency +$50 million

                              net effect

loans +$100 million              reserves +$50 million      

                                             currency +$50 million

Which of the following statements is a benefit of including advertising as partof the promotional mix?
O A. Consumers place great trust in a producer's words about its own
products.
B. Advertising provides an opportunity for two-way communication.
C. Advertising messages are more personal than other forms of
promotion.
D. Marketers have great control over the message.

Answers

"Marketers have great control over the message" this statement is a benefit of including advertising as part of the promotional mix. Option (d) is correct.

What do you mean by Advertising?

Advertisement, often known as an advert or ad, is a kind of public communication that promotes a good, service, brand, or event.

To accomplish a certain marketing objective, a promotional mix combines marketing strategies such as direct marketing, sales, public relations, and advertising. Usually, the promotional mix is just a small component of the overall marketing mix. You might decide to use a couple of the strategies or that a mix of them all might work best for your campaign.

Therefore, Option (d) is correct. "Marketers have great control over the message" this statement is a benefit of including advertising as part of the promotional mix.

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Answer:

D. Marketers have great control over the message.

Explanation:

The major shortcoming of a barter economy is A. the requirement of specialization and exchange. B. that goods and services are not traded. C. that money loses value from inflation. D. the requirement of a double coincidence of wants.

Answers

Answer:

D) The requirement of a double coincidence of wants.

The major shortcoming of a barter economy is the requirement of a double coincidence of wants. Option (d) is correct.

A barter economy is a cashless economic system where goods and services are exchanged at agreed-upon prices. One of the earliest forms of economy is barter, which predates both monetary systems and written history. Barter may be used effectively in practically any industry.

The three drawbacks of the barter system are as follows: Lack of two desires that coincide. It indicates that in order to buy and sell each other's goods, both sides must agree. ii It is difficult to easily value every item. There are some products that simply cannot be split.

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Consumer behavior refers to Group of answer choices A. the aspects of a consumer's decision making processes that cannot be measured.
B. the actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions
C. the five stages a buyer passes through in making choices about which product and service to investigate, purchase, and consume. D. the mental and social processes related to purchasing that are innate in a person from birth.
E. those purchasing behaviors that result from repeated experience and reasoning.

Answers

Answer:

B.

Explanation:

Consumer behavior refers to all the processes related to what, why, how, when, from whom consumers purchase and pay for a product and how they consume and dispose of it in order to meet their needs.

Is the dynamic interaction of cognition, behavior and environmental events by which human beings conduct the exchange aspects of their lives.

Understanding how consumer behavior impacts marketing renders it vital to understand those factors which affect consumer behavior and which include:

-cultural factors

-cultural shifts

-culture is the combination of subcultures

-another cultural factor is the social class

Consumer behavior in the context of business refers to the actions and processes involved in purchasing and using products and services. Therefore, the correct answer is "the actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions" (option B).

The subject of this question is Business. Consumer behavior refers to the actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions.

It involves understanding the decision-making processes, motivations, and factors that influence consumer choices.

Therefore, consumer behavior refers to "the actions and processes involved in purchasing and using products and services" (Option B).

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Add criteria to this query to return only the records where the value in the Credits field is greater than 120 and less than 130. Run the query to view the results.

Answers

Answer:

>120 and <130

Microsoft Access uses "and" to combine queries, enabling you to view more defined entries in a column. Queries have to be modified from the design view.

Explanation:

Open the existing query. You can find this by choosing "All Access Objects". The query opens in the datasheet view so click on the view button to change it to the design view.

Go to the bottom pane, In the "Fields" row, select Credits and in "Criteria" row, enter the following: >"120" And <"130"

You can also type >120 and <130

Click on the design tab and then click Run!

The query will display all the values greater than 120 and less than 130 in the Credits row.

The criteria for this query to return only the record are >120 and <130

The user can examine more specified entries in a column while using Microsoft Access since it combines queries using the "and" operator. The design view is where queries must be updated.

Open the current search. This is accessible by selecting "All Access Objects". Click the view button to go to the design view when the question opens in the datasheet view.

Observe the bottom window, Select Credits in the "Fields" row, and then enter "120" and "130" in the "Criteria" row.

The query will display all the values greater than 120 and less than 130 in the Credits row.

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