Business, 19.09.2019 19:30 aangishah8452

Knight company reports the following costs and expenses in may. factory utilities $17,293 direct labor $70,081 depreciation on factory equipment 14,583 sales salaries 47,442 depreciation on delivery trucks 4,857 property taxes on factory building 3,558 indirect factory labor 49,983 repairs to office equipment 1,908 indirect materials 85,854 factory repairs 2,240 direct materials used 139,412 advertising 16,634 factory manager’s salary 8,522 office supplies used 3,199 from the information, determine the total amount of: (a) manufacturing overhead $ (b) product costs $ (c) period costs $

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 00:40

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Answers: 3

Answer

Business, 22.06.2019 17:50

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Answers: 2

Answer

Business, 22.06.2019 21:10

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Answers: 3

Answer

Business, 22.06.2019 21:30

The adjusted trial balance for china tea company at december 31, 2018, is presented below:

Answers: 1

Answer

You know the right answer?

Knight company reports the following costs and expenses in may. factory utilities $17,293 direct lab...

Questions