Answer:
(1) $313.95; $313.95
(2) $210.6; $206.70
(3) $97.49; $97.49
Explanation:
Skis:
Net realizable value = selling price - cost to sell - cost to complete
= 413.40 - 37.05 - 62.40
= $313.95
Historical cost = $370.50
LCNRV = lower of historical cost or net realizable value
= $313.95
Boots:
Net realizable value = selling price - cost to sell - cost to complete
= 282.75 - 15.60 - 56.55
= $210.6
Historical cost = $206.70
LCNRV = lower of historical cost or net realizable value
= $206.70
Parkas:
Net realizable value = selling price - cost to sell - cost to complete
= 143.81 - 4.88 - 41.44
= $97.49
Historical cost = $103.35
LCNRV = lower of historical cost or net realizable value
= $97.49
The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a computer <u>falling</u> and the quantity <u>increasing</u>.
Lower prices most likely results in a higher demand for the product in question, which will increase the production rate of that product.
Answer:
C) 0.84 kilograms
Explanation:
The standard material quantity = kilograms per bottle + allowance for waste + allowance for rejects = 0.70 kg + 0.05 kg + 0.09 kg = 0.84 kg
The standard material quantity is the budgeted (estimated) amount of direct materials needed to produce one unit of output. The total standard quantity = standard material quantity times total units produced.
Network Systems............................................................................
