Direct materials used $10,070 $ Direct labor 5,899 8,286 Manufacturing overhead

Question

Direct materials used $10,070 $ Direct labor 5,899 8,286 Manufacturing overhead 8,999 4,508 Total manufacturing costs 16,386 Beginning work in process inventory 1,619 Ending work in process inventory 3,478 Sales revenue 25,327 Sales discounts 2,716 2,431 Cost of goods manufactured 17,546 22,417 Beginning finished goods inventory 4,157 Goods available for sale 20,652 Cost of goods sold Ending finished goods inventory 3,881 2,746 Gross profit 7,541 Operating expenses 3,488 Net income 5,716 The parameters of the circuit in Figure1-1 are given as follows. v1(t)=10 cos 50t v2(t)=20 sin 50t R= 5 ? L= 0.2 H C= 4 mF Which of the following statements is true? Hint: Convert the circuit from time domain to frequency domain. Use mesh analysis to determine I 1 and I 2 in frequency domain. Convert I 1 and I 2 back to time domain.

Explanation / Answer

Hi,

Please find the answer as follows:

Notes:

Cost of Goods Manufactured = Opening WIP Inventory + Total Manufacturing Costs - Closing WIP Inventory

Cost of Goods Available for Sale = Opening Inventory of Finished Goods + Cost of Goods Manufactured

Cost of Goods Sold = Cost of Goods Available for Sale - Ending Finished Goods Inventory

Gross Profit = (Sales - Sales Discounts) - Cost of Goods Sold

Net Income = Gross Profit - Operating Expenses

Thanks.

Direct materials used 10070 3592 Direct labor 5899 8286 Manufacturing overhead 8999 4508 Total manufacturing costs 24968 16386 Beginning work in process inventory 1619 9509 Ending work in process inventory 9041 3478 Sales revenue 25327 33800 Sales discounts 2716 2431 Cost of goods manufactured 17546 22417 Beginning finished goods inventory 3106 4157 Goods available for sale 20652 26574 Cost of goods sold 16771 23828 Ending finished goods inventory 3881 2746 Gross profit 5840 7541 Operating expenses 3488 1825 Net income 2352 5716

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