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ratelena [41]
2 years ago
9

Jupiter Corporation incurred fixed manufacturing costs of $18,000 during 2017. Other information for 2017 includes:

Business
1 answer:
Delicious77 [7]2 years ago
3 0

Answer:

Lower by $8,250

Explanation:

The operating income reported will be different as the unit level of inventory increased during the  account period .

Denominator rate:

= Fixed manufacturing costs ÷ Budgeted denominator level

= 18,000 ÷ 2,400

= 7.5

Operative income:

= Total Units produced - (Total units sold × Denominator rate)

= 2,700 - (1,600 × 7.5 )

= 1,100 × 7.5

= $8,250

Lower by $8,250 under the variable costing because 8250 of fixed manufacturing cost remain in  inventory under absorption.

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Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10,200.
zavuch27 [327]

Answer:  Debit Accounts Receivable -Valley Spa  of $10,438 Credit interest revenue $238, Credit Notes receivable $10,200

Explanation:

Interest  Revenue =  Principal x Rate X time

$10,200 x 14% x 60/ 360 ( Using 360 days in a year)

$238

Journal to record dishonored note  for Tubman

Accounts titles and explanation           Debit         Credit

Accounts receivable                         $10, 438  

Interest revenue                                                                $238

Notes receivable                                                    $10,200

8 0
3 years ago
A company is considering two designs for a machine in its manufacturing line. The first, called machine A, will cost $160000 in
ExtremeBDS [4]

Answer:

The indifference point is 1,410 units

Explanation:

Giving the following information:

Machine A:

Fixed costs= $160,000

Unitary variable cost= $80

Machine B:

Fixed costs= $270,000

Unitary variable cost= $2

<u>First, we need to structure the total cost formula for each machine:</u>

Machine A= 160,000 + 80x

Machine B= 270,000 + 2x

x= number of units

<u>Now, we equal both formulas and isolate x:</u>

160,000 + 80x = 270,000 + 2x

78x = 110,000

x= 110,000/78

x= 1,410 units

The indifference point is 1,410 units

6 0
3 years ago
Lauren had a listing agreement with Florence, a Minnesota real estate broker. After Lauren's agreement with Florence ended, she
Law Incorporation [45]

Answer:

A

Explanation:

5 0
2 years ago
One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at $10 June 2 at $15 Ju
Tcecarenko [31]

Answer:

Sold first - June 1 at $10

Sold first - June 2 at $15

Ending inventory - July 4 at $20

Explanation:

In the FIFO Method, when the first product is acquired it is sold first or dispose of.  

In the given question, one identical unit is purchased on three dates, and the company sold two units  

So, the selling units would be  

June 1 at $10  

June 2 at $15  

And, the remaining stock would be considered as an ending inventory i.e July 4 at $20

5 0
3 years ago
Read 2 more answers
Distinguish between positive and negative confirmations. Under what circumstances would positive confirmations be more appropria
Serhud [2]

Negative confirmation is more frequently employed when the records of the person or business are usually thought to be quite accurate.

<h3>What is the difference between negative and positive confirmations?</h3>

Only when the customer disagrees with the amount owed to the client is a negative confirmation requested. When an account has substantial individual balances or when errors are anticipated due to a high control risk, positive confirmations are typically used.

Negative confirmation is more frequently employed when the records of the person or business are usually thought to be quite accurate. The corporation that receives a negative confirmation is typically thought to have strict internal policies and business procedures. As a result, since auditors typically only need to send out one letter, negative confirmation is far less expensive and time-consuming for them.

Positive confirmation requests, on the other hand, are more complicated since financial documents must be provided, even if the information in the original letter was accurate. Additionally, if there are doubts about the accuracy of the company's books, positive confirmation requests are more likely to be used.

However, because it is more precise and makes sure that everyone is on the same page—or has the same financial information—a positive confirmation letter is more typical in complex transactions. For instance, auditors in lending employ affirmative confirmations from banks and businesses to determine the precise amount of a loan.

Because it is a specific request that the recipient has responded to, a positive confirmation typically represents the financial information better than a negative confirmation. A positive confirmation is tangible proof that the information was confirmed in the event of a disagreement.

To learn more about negative and positive confirmations refer to:

brainly.com/question/15908185

#SPJ4

7 0
1 year ago
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