Business, 05.07.2020 16:01 kaylaamberd

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: A B

Direct materials used $270,000 Beginning work in process $40,000

Direct labor 200,000 Ending work in process 20,000

Manufacturing overhead 300,000 Beginning finished goods 50,000

Operating expenses 350,000 Ending finished goods 30,000

A) $750,000 $790,000

B) $770,000 $750,000

C) $790,000 $810,000

D) $770,000 $790,000

2) Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below:

Project SoupProject Nuts
Initial investment$400,000 $600,000
Annual net income30,00046,000
Net annual cash inflow110,000146,000
Estimated useful life5 years6 years
Salvage value-0--0-
The company requires a 10% rate of return on all new investments.

Present Value of an Annuity of 1
Periods 9% 10% 11% 12%
53.8903.7913.6963.605
64.4864.3554.2314.111
The annual rate of return for Project Soup is:

A) 55%.

B) 7.5%.

C) 27.5%.

D) 15.0%.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:20

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Answers: 3

Answer

Business, 22.06.2019 03:30

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Answers: 2

Answer

Business, 22.06.2019 12:40

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?

Answers: 2

Answer

Business, 22.06.2019 23:30

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution

Answers: 3

Answer

You know the right answer?

Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of...

Questions