Economy

broadening your perspective Decision Making Across the ecesis BYP1-1 Mismatch Manufacturing lodge specializes in producing fashion pop outfits. On July 31, 2011, a tornado touched(p) down at its factory and planetary chest. The inventories in the store and the factory were completely destroyed as was the general office nearby. Next morning, through a c arful search of the fortuity site, however, Ross Clarkson, the companys controller, and Catherine Harper, the woo accountant, were able to rectify a base part of manufacturing woo info for the circulating(prenominal) month. What a horrible experience, sighed Ross. And the blister part is that we may not have enough records to use in filing an insurance policy claim. It was terrible, replied Catherine. However, I managed to recover some of the manufacturing cost data that I was works on yesterday afternoon. The data indicate that our pick out labor cost in July totaled $240,000 and that we had purchased $3 45,000 of earthy materials. Also, I recall that the amount of raw materials used for July was $350,000. nevertheless Im not sure this information leave whole help. The rest of our records are blown away. Well, not exactly, said Ross. I was working on the year-to-date income statement when the tornado warning was announced.

My reminiscence is that our sales in July were $1,260,000 and our gross profit ratio has been 40% of sales. Also, I quite a little remember that our cost of goods available for sale was $770,000 for July. Maybe we fag work something out from this information! exclaimed Catherine. My experience tells me that our manufacturing o! verhead is unremarkably 60% of bet labor. Hey, look what I just found, cried Catherine. Its a likeness of this Junes balance sheet, and it shows that our inventories as of June 30 are ruined goods $38,000, Work in process $25,000, and Raw materials $19,000. Super, yelled Ross. cedes go work something out. In order to train an insurance claim, Mismatch Company must determine...If you want to give a full essay, order it on our website: BestEssayCheap.com

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