a) What was the amount of Raw Materials used for the year?

b) What were the total Manufacturing costs for the year?

c) What were the total prime costs for the year?

d) What were the total conversion costs for the year?

e) What were the total Cost of Goods Manufactured for the year?

Solution Preview

Questions:

What was the amount of Raw Materials used for the year? (2 points)

Raw materials inventory, beginning= $80 (Given)
Add Purchases of raw materials= $200 (Given)
Raw materials available for use= $280 =80 + 200
Less Raw materials inventory, ending= ($30) (Given)
Amount of raw materials used= $250 =280 -30

Answer: Amount of raw materials used= $250

What were the total Manufacturing costs for the year? (2 ...

Solution Summary

The solution calculates amount of raw materials, total manufacturing costs, total prime costs, total conversion costs, total cost of goods manufactured for the year.

... 2. A firm's short-run margianl cost curve SMC = q2 + 20q + 100. Calculate the firm's short-run supply curve with q as a function of p, the market price. ...

Price Elasticity of Demand Formula. The Mayor of Elasticity. ... Price Elasticity of demand formula (Ed) is demonstrated. Price Elasticity of demand formula (Ed). ...

... (3rd ed.). Springer. This solution of 1610 words contains step-by-step calculations to determine prices, volumes and profits. References used are included. ...

... I will explain each area and show you how to derive the exact calculations you need. - Mary Peace Mfg. Co. incurred the following costs in January: Direct ...

... a. Calculate the profitability index for A and B assuming a 22 percent opportunity cost of capital. ... Total cost of Purchase FORMULA. Total cost of Lease FORMULA. ...

... Show calculations. a) What is the payback period for this project? ... IRR(I7:I11)= 34.12% nvolve the purchase of some new machinery costing $450,000. ...

...cost to finished goods inventory until the remaining products are then sold. Solution includes a Word-formatted attachment and 2 references. Calculation of ...

FINANCE calculations: NPV, ROE, MRP, CAPM, WACC, IRR, Beta and others. ... its expected EPS minimize the chances of losses maximize the stock price per share over ...