The Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials of $38,000, (b) direct labor of $92,000, (c) administrative costs of $32,000, (d) overhead costs of $48,000 and (e) selling costs of $19,000. If the company sold 46,000 units, what total dollar amount would it report as ending inventory in its financial statements? As needed, round your final answer to the nearest whole dollar. Given the following costs, what is the total cost for direct materials used during the period? Product delivery costs $310 Packaging $370 $810 Rent on factory equipment Metal used in production Wages for plant workers $575 $770 The Blanchett Company produces toy boats and had the following information available when 16,000 units were made Rent for factory and equipment Administrative salaries Wages for product assemblers Plastic and glue $16,900 42,000 37,400 14,900 If the company's price per unit is $15, what is the break- even point in units? Round your final answer to the nearest whole unit. The Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials of $38,000, (b) direct labor of $92,000, (c) administrative costs of $32,000, (d) overhead costs of $48,000 and (e) selling costs of $19,000. If the company sold 46,000 units, what total dollar amount would it report as ending inventory in its financial statements? As needed, round your final answer to the nearest whole dollar. Given the following costs, what is the total cost for direct materials used during the period? Product delivery costs $310 Packaging $370 $810 Rent on factory equipment Metal used in production Wages for plant workers $575 $770 The Blanchett Company produces toy boats and had the following information available when 16,000 units were made Rent for factory and equipment Administrative salaries Wages for product assemblers Plastic and glue $16,900 42,000 37,400 14,900 If the company's price per unit is $15, what is the break- even point in units? Round your final answer to the nearest whole unit.
Expert Answer:
Answer rating: 100% (QA)
1 Calculate the total dollar amount reported as ending inventory Total Manufacturing Costs Direct Ma... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Write each production function given below in terms of output per person y Y/L and capital per person k K/L. Show what these per person versions look like in a graph with k on the horizontal axis...
-
The graphs below display a simulation of a team's mascot walking toward the west-end goal on the high school football field. Starting at a point 65 yards (yd) from the goal line and 50 ft from the...
-
Write the following as full (decimal) number with standard units: (a) 286.66 mm. (b) 85 V. (c) 760 mg. (d) 60.0 ps. (e) 22.5 fm. (f) 2.50 gigavolts.
-
An airplane has a ground velocity of 4 0 0 km / h , [ N 6 0 W ] . The plane is affected by a 9 0 km / h wind which is coming from the direction [ N 8 0 E ] . Determine the magnitude and the direction...
-
Each Triam Deluxe computer system consists of two speakers, a monitor, a system unit, a keyboard, and an installation kit. These pieces are packed together and shipped as a complete kit. In MRP...
-
As a treasurer of the company, you wish to issue $40 million of 10-year bonds. You believe it will take three months before the issue can be floated and that interest rates will rise. You wish to...
-
A confidence interval for 1 is to be constructed from a sample of 20 points. How many degrees of freedom are there for the critical value?
-
The market value of the equity of Thompson, Inc., is $580,000. The balance sheet shows $35,000 in cash and $190,000 in debt, while the income statement has EBIT of $91,000 and a total of $135,000 in...
-
7) Find all the points C on the curve f(x) = x-6x+1 which satisfy the conclusion to the Mean Value Theorem on [0,3] (Same hint as in Problem (6)) 8) Let f(x)=x+4x be a given function. Then find a)...
-
City Tours Ltd. needs to update the database on a regular basis. As a customer service manager for the company, you need to add new customers and confirmations, update basic costs, delete...
-
How attitudes toward work and ethics vary with the culture.
-
How will these threats be addressed in accordance, based on the discussion of the control techniques in the previous question? Develop a hypothetical research scenario that would necessitate the use...
-
Develop the appropriate primary research question to be associated with this design. Develop a hypothetical research scenario that would necessitate the use of the Qualitative Method and the Grounded...
-
What type of sampling procedure and sampling technique will be used to access the appropriate sample? Develop a hypothetical research scenario that would necessitate the use of a Longitudinal Design....
-
Identify the research scenario, including the relevant predictor variable and criterion variable. Develop a hypothetical research scenario that would necessitate the use of a Predictive Design. The...
-
Pick several threats each from external, construct, and statistical conclusion validity, and discuss how they will be accounted for. Develop a hypothetical research scenario that would necessitate...
-
Final Marketing Plan 3 pages , Choose any product that you would like to sell for a selling price of under $50, no more. For example a solar power cell phone charger. (You can use this example if you...
-
For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...
-
During 2020, Valley Sales Inc. earned revenues of \(\$ 500,000\) on account. Valley Sales collected \(\$ 410,000\) from customers during the year. Expenses totalled \(\$ 420,000\), and the related...
-
Great Sporting Goods Inc. began 2020 owing notes payable of \(\$ 4.0\) million. During 2020 , the company borrowed \(\$ 2.6\) million on notes payable and paid off \(\$ 2.5\) million of notes payable...
-
Marquis Inc. made sales of \(\$ 700\) million during 2020. Of this amount, Marquis Inc. collected cash for all but \(\$ 30\) million. The company's cost of goods sold was \(\$ 300\) million, and all...
Study smarter with the SolutionInn App