Answer:
a. $392, 265
Explanation:
Given that:
i. Purchasing department, overhead allocation rate is $77 per purchase order.
ii. Assembly department, overhead allocation rate is $5 per part.
iii. Packaging department, overhead allocation rate is $4 per unit.
iv. Direct material cost is $70 per unit.
v. Each stereo has 50 parts.
Total parts required = 1200 x 50
= 60000
vi. 45 purchase order was required for 1200 stereos.
Thus:
i. $77 x 45 = $3465
ii. $5 x 60000 = $300000
iii. $4 x 1200 = $4800
iv. $70 x 1200 = $84000
Therefore,
total cost for 1200 stereos = $3465 + $300000 + $4800 + $84000
= $392, 265
<span>Breached.
Explanation: A contract is a legally binding agreement between two parties. Once an agreement is signed between two parties, both parties are subject to terms and conditions written in the agreement.
As in the above example, Flora agrees to sell harvesters grocery a minimum quantity of fresh fruits and vegetables every week for three months, that means Flora is subject to the agreement that she will sell that no matter what the future market price will be, whether it increases or decreases. As Flora decides not to deliver the agreed order, it is a violation of terms and conditions of the agreement/contract. So the contract is breached.</span>
Answer:
Part a. Record the transaction on the day the materials were bought.
Materials Account $180,000 (debit)
Cash $180,000 (credit)
Part b. Record the transaction on the day the materials were requisitioned
Work In Progress $165,000 (debit)
Materials Account $165,000 (credit)
Explanation:
Part a. Record the transaction on the day the materials were bought.
Recognise the Assets of Materials Purchased and Derecognise Cash to depict ouflow of economic benefits
Part b. Record the transaction on the day the materials were requisitioned
De-recognise the Materials applied in Production Process and Recognise the cost in Work In Progress Account
Answer:
(a) 7.5%
(b) 8.5%
(c) 9.5%
Explanation:
(a) Foreign country inflation rate - US inflation rate = Foreign country risk free rate - US risk free rate
Lets foreign country inflation rate = X
X - 1.5 = 8 - 2
X - 1.5 = 6
X = 6 + 1.5
= 7.5%
(b)
Lets foreign country infllation rate = X
X - 1.5 = 9 - 2
X - 1.5 = 7
X = 7 + 1.5
= 8.5%
(c)
Lets foreign country inflation rate = X
X - 1.5 = 10 - 2
X - 1.5 = 8
X = 7 + 1.5
= 9.5%
1=A
2=D
3=C
4=A
5=C
6=C
7=D
8=A
9=C
10=D
11=C
12=A
13=C
14=B
