Zoe corporation has the following information for the month of march: purchases $92,000 materials inventory, march 1 6,000 materials inventory, march 31 8,000 direct labor 25,000 factory overhead 37,000 work in process, march 1 22,000 work in process, march 31 23,500 finished goods inventory, march 1 21,000 finished goods inventory, march 31 30,000 sales 257,000 sales and administrative expenses 79,000 a. prepare a schedule of cost of goods manufactured. zoe corporation statement of cost of goods manufactured for month ended march 31

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Social computing forces companies to deal with customers as opposed to

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?