Answer:
using conventional costing system:
- unit cost mercon = $21.40
- unit cost wurcon = $90.80
total production costs using conventional costing system:
- 4,000 units of mercon = 4,000 x $21.40 = $85,600
- 8,000 units of wurcon = 8,000 x $90.80 = $726,400
Explanation:
Mercon Wurcon
Direct materials cost per unit $9.00 $7.00
Direct labor cost per unit $6.00 $7.00
Direct labor-hours per unit 0.20 2.40
overhead rate applied $6.40 $76.80
Number of units produced 4,000 8,000
overhead rate = total overhead / total direct labor hours = $640,000 / [(4,000 x 0.20) + (8,000 x 2.40)] = $640,000 / 20,000 = $32 per direct labor hour
unit cost mercon = $9 + $6 + $6.40 = $21.40
unit cost wurcon = $7 + $7 + $76.80 = $90.80
Answer:
True
Explanation:
Collaboration in organizations requires a strategy capable of using all the resources availables to reach the goals provided by the strategic planning. In a globalized world these goals need to be manage with speed and effciency, here is were the technology displays all the real potential of organizations.
Answer:
Explained below:
Explanation:
The following are the <u>disadvantages of a sole proprietorship:</u>-
1. In a sole proprietorship, there is no separation between business assets and personal assets.
2. When the owner dies, the business also ends as well unless the owner made a prudent estate plan which allowed the business to continue.
3. A sole proprietorship has no shareholders and cannot sell ownership in the company without changing its business structure. etc
Answer:
<u>Company's total inventory</u> 30,850
Camaras: 10,960
Camcorders: 8,850
DVDs: 11,040
Explanation:
<u>Camaras: </u>
cost: 10,960
net realizable value: 12,060
<u>Camcorders: </u>
cost: 8,850
net realizable value: 9,170
<u>DVDs: </u>
cost: 12,100
net realizable value: 11,040
<u>Company's total inventory</u>
10,960 + 8,850 + 11,040 = 30,850
We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.
Answer:
$1.7
Explanation:
From the question above Kirova company recorder the following information
Number of issued common shares is 990,000
Net income is $1,436,500
Number of authorized common share is 1,000,000
Weighted average income of outstanding common shares is 845,000
Number of treasury shares is 145,000
The formular to calculate the earning per share is
= Net income/Outstanding shares
Net income= $1,436,500
Outstanding shares= number of issued common shares- number of treasury shares
= 990,000-145,000
= 845,000
Therefore, the earnings per share can be calculated as follows
= 1,436,500/845,000
= $1.7
Hence Kirova's earning per share is $1.7
