Answer:
Fixed costs= $9,021.27
Explanation:
Giving the following information:
April 922 $ 17,912
May 983 $ 18,300
June 928 $ 17,965
July 912 $ 17,810
August 934 $ 17,994
September 919 $ 17,880
October 936 $ 18,032
November 876 $ 17,290
December 915 $ 17,838
<u>To calculate the variable and fixed component, we need to use the following formulas:</u>
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Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (18,300 - 17,290) / (983 - 876)
Variable cost per unit= $9.4392
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 18,300 - (9.4392*983)
Fixed costs= $9,021.27
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 17,290 - (9.4392*876)
Fixed costs= $9,021.27
Answer:
In the current period,
b. Cost of goods sold
Explanation:
With the current period's beginning inventory (or previous period's ending inventory) understated by $17,000 and the overstatement of the current period's ending inventory by $27,000, it implies that the Cost of goods sold is understated by $10,000. Once this cost is understated, the net income will be overstated, as well as the owner's equity (via the retained earnings).
Answer:
One share of this stock worth today if the required rate of return is 7.4 percent is $ 3.24
Explanation:
According to the details the dividend for the next 2 years = $1.80 a share and the required return is=7.40%.
Hence to calculate current price of stock we have to use the following formula:
current price= present value of future cash flows
current price=$1.80/1.074 + $1.80/1.074∧2
current price= $ 3.24
current price of stock is $ 3.24
Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
<h3>What is meant by current liability?</h3>
This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.
Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
Read more on Current liabilities here: brainly.com/question/28039459
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Answer:
B. $0.02
Explanation:
The computation is shown below:
Since the annual holding cost percentage is 10% and the cost of production is $5. So, the holding cost would be
= $5 × 10%
= 0.5
Now if the t-shirts run 25 times a year, so the holding cost would be
= 0.5 ÷ 25 times
= $0.02
Simply we compute the holding cost based on number of times the t-shirt turns in a year
All other information which is given is not relevant. Hence, ignored it
