Answer:
C. $65,800
Explanation:
Fixed csot: those which do not change for a relevant range with the production output. They aer constant.
Factory insurance 21,000
Factory insurance 13,000
Factory manager's salary 10,800
Janitor's salary 5,000
Property taxes: <u> 16,000 </u>
Total Fixed Cost: 65,800
The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.
Same goes with packaging cost, if no unit is produced then, no packagin is needed.
Answer:
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Explanation:
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Answer:
The answer is $2.64 per unit and $13.2%
Explanation:
Solution
Given that:
The formula for calculating inspection activity of inspection before improvement is stated below:
Inspection Activity before Improvement = Total Activity Cost/Total Units of Production
Using the values provided in the question, we have,
Inspection Activity before Improvement = 105,600/40,000 = 2.64 per unit
Now,
he formula for calculating inspection activity after improvement is given below:
Inspection Activity after Improvement = (Total Activity Cost*Inspection Activity Percentage)/Total Units of Production
Using the values provided in the question, we get,
The Inspection Activity after Improvement = (105,600*5000)/40,000 = $13,200 per unit or $13.2 per unit
The statement above is TRUE. This is because luxury cars are superior goods.
Superior goods refers to those goods whose consumption increases as their prices increases, that is, the higher the price, the higher the quantity demanded. This type of goods are usually scarce and and they have high prices. A good example of superior good is luxury car.
Answer:
a.
August 7
b.
$12,360
c.
Dr. Cash $12,360
Cr. Interest Income $360
Cr. Note receivable $12,000
Explanation:
Note Receivable is promise in writing to receive a sum of money in future. The money normally consists of Principal and interest.
In this question a note of $120,000 is received from the customer which will mature after 120 days and offer 9% interest on it.
Principal = $12,000
a.
Due date = April 9 + 120 days = August 7
b.
Maturity Value = Principal x ( ( 1 + interest rate ) x time period )
Maturity Value = $12,000 x ( 1 + (9% x 120/360 ) ) = $12,360
c.
Interest Income = $12,360 - $12,000 = $360
