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3 years ago

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

Business

1 answer:

Slav-nsk [51]3 years ago

6 0

Answer:

CHEESE FACTORY INCORPORATED

Income Statement

For the Year Ended August 31, 2015

Revenues:

Sales revenue $1,738,000

Total revenue $1,738,000

Expenses

Salaries and wages expense $975,000

Office expenses $115,000

Utilities expense $550,000

Total expenses $1,640,000

Net income $98,000

CHEESE FACTORY INCORPORATED

Statement of Retained Earnings

For the Year Ended August 31, 2015

Retained earnings, beginning $414,000

Add: Net income $98,000

Less: Dividends $14,000

Retained earnings, ending $498,000

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2 years ago

The following 3 questions are based on this information. Kings Department Store has 625 rubies, 800 diamonds, and 700 emeralds f

ExtremeBDS [4]

Answer:

129 bracelets and 59 necklaces.

Explanation:

Kings departments store wants to maximize profit by making a combination of its two products necklaces and bracelets. The King store should use a strategy so that it can generate maximum profit with its available rubies, diamonds and emeralds.

$250a + $500b = Maximum Profit

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3 years ago

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wariber [46]

Answer and Explanation:

The computation is shown below:

1. Calculation of the equivalent units

Particulars Physical units % Material % Conversion cost

Units transferred

out 900 100% 900 100% 900

Ending

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Equivalent

units 1,500 1,140

2. Cost per equivalent unit is

Particulars Material Conversion cost

Beginning

inventory $750 $600

Cost during

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Total cost $3,150 $3,420

Divided by

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Cost per

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3. Transferred out cost is

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Cost during period $5,220

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3 years ago

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3 years ago

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babymother [125]

Answer:

The country club style.

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3 years ago