Answer:
$6,900
Explanation:
When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.
Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900
Answer:
Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20
Explanation:
Data given:total unit
Cost of purchase with data;
Date Amount
April 5 $10
April 10 $12
April 15 $14
April 20 $16
April 22 $17
Total cost 69
Average cost = total cost /total quantity
= 69/5
=13.8
The cost of the ending inventory is given on the balance sheet below
Date Purchases Cost of Inventory Bal. Avg Cost
goods sold
April 5 $10* 1 unit= $10 - $10 10/1 = $10
April 10 $12* 1 unit=$12 - 10+ 12 = 22 22/2 = 11
April 15 $14* 1 unit=$14 - 22+14 =36 36/3 = 12
April 20 $16* 1 unit= $16 - 36 +16 =52 52/4 = 13
April 22 $17* 1 unit = $17 - 52+17 =69 69/5 = 13.8
April 25 - 1 unit*13.8 = 13.80 69 - 13.8 = 55.20
Answer:
d.$1,371,000
Explanation:
Given that
Warranty liability at the beginning of year = $359,000
Warranty liability at the end of year = $308,000
Warranty expense = $44 million
Sales percentage = 3%
So, the warranty expense = $44,000,000 × 3% = $13,20,000
So, the warranty expenditures for 2018 is
= Beginning warranty liability + warranty expense - ending warranty liability
= $359,000 + $13,20,000 - $308,000
= $1,371,000
Stockholders, employees and environmentalists are examples of stakeholders whose interests and needs often conflict.
<h3>Who is a
stakeholder?</h3>
A stakeholder can be defined as an independent individual, organization or social group that has an interest in a particular business organization (company), and as such they can either affect or be affected by the decisions taken in the business.
This ultimately implies that, stockholders, employees, investors, and environmentalists are examples of stakeholders whose interests and needs often conflict.
Read more on stakeholders here: brainly.com/question/15532995
#SPJ1
Answer:
Explanation:
A. The journal entries are shown below:
On September 12
Investment A/c - Bengals Inc A/c Dr $598,220 (42,730 × $14)
To Cash A/c $598,220
(Being the acquired investment including brokerage commission is recorded)
On December 31
Unrealized gain or loss on available-for-sale securities A/c Dr $85,460
To Valuation allowance for available-for-sale securities $85,460
(Being decline in share value is recorded)
The computation is shown below:
= 42,730 shares × ($14 per share - $12 per share)
= 42,730 shares × $2 per share
= $85,460
B. The unrealized gain or loss for available-for-sale investments is shown in the Stockholder equity section on the balance sheet. It is to be shown in the negative item in the equity section.
