Answer:
FIFO ending inventory 300 dollars
LIFO ending ivnentory 200 dollars
Explanation:
May-1 Inventory 30 units at $8 $ 240
15 Purchases 25 units at $11 $ 275
24 Purchases 35 units at $12 $ 420
Total good available 90 units for a value of $935
We sale 65 units therefore, 25 units remains in our ending inventory.
FIFO will sale the first units leading the newest for inventory
So May 24th would be our ending inventory:
25 units x $12 = $300
LIFO will sale the newest and leave the oldest as inventory.
May 1st units are still at inventory according to LIFO
25 units x $8 = $200
Answer:
Direct labor time (efficiency) variance= $2,080 unfavorable
Explanation:
Giving the following information:
Standard= 3 hours of direct labor per unit
The standard labor cost is $13 per hour.
During August, Hassock produced 9,000 units and used 27,160 hours
<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13
Direct labor time (efficiency) variance= $2,080 unfavorable
Given:
<span>stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185
To determine the total assets, we only have to consider the following:
</span>cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
<span>accumulated depreciation <u> (1,100) </u>
</span>Total assets: 22,930 CHOICE D.
NET INCOME:
fees earned 9,250
<span>wages expense (2,500) </span>
<span>rent expense (1,960) </span>
<span>utilities expense (775) </span>
<span>depreciation expense (250) </span>
<span>miscellaneous expense <u> (185)</u>
</span><span>Net Income 3,580
LIABILITIES AND S.H.E
</span>accounts payable 1,900
<span>notes payable 4,300 </span>
<span>common stock 1,000 </span>
<span>retained earnings 12,940 </span>
<span>dividends (790)
</span>Net Income <u> 3,580</u>
TOTAL LIABILITIES & SHE 22,930
Answer:
There are a several ways to try to forecast the most accuarete possible the demand of the product. Some techniques are explained below.
Explanation:
First of all, the company should do a study about the consumption of the new product and they do that by calling a group of consumers to try the new good in the companie's facilities and also to do a questionary to be release to the public in order to have more answers about how would they react act about it. Secondly, once all that information is gathered, the organization should start a calculation on the amount of goods that it will have to produce in order to obtain a good amount of benefits of selling the product. And finally the company should constrast that calculation to the number of people that said in the questionaries that it will buy it and also to the number of people that said that will buy it in the test of the product.
Answer:
The very earliest that a pregnancy can be confirmed with an ultrasound in a horse is approximately after two weeks after the breeding took place.
Explanation:
