Answer:
The lowest selling price Geneva should accept for this purchase order is $26 per unit. So, the correct option is b.$26.00
Explanation:
For computing the lowest selling, following thing is need to be considered.
1. Variable manufacturing cost
2. Variable selling and administrative cost
Other cost like selling price, Fixed manufacturing costs, Fixed selling and administrative costs is not been considered because the fixed cost does not have any impact if the production level changes and the selling price is irrelevant. So, these costs are not be taken in the computation part
Hence, the lowest selling price is equals to
= Variable manufacturing cost + Variable selling and administrative cost
= $20 + $6
= $26 per unit
Thus, the lowest selling price Geneva should accept for this purchase order is $26 per unit. So, the correct option is b.$26.00
Answer:
Quick Access Toolbar
Explanation:
this toolbar help you to find features of an app without having to use the general menu of the application.
The correct answer that would best complete the given statement above is PSYCHOGRAPHIC SEGMENTATION. Psychographic segmentation is d<span>ividing buyers into different segments based on social class, lifestyle, or personality characteristics. In the given situation above, it classifies the characteristic of a demographic group which are the 18-year-olds. Hope this answer helps.</span>
Answer:
1,950,000 grams
Explanation:
The computation of the material should be purchased is given below:
Raw materials purchased is
= Ending inventory of raw materials + Materials to be used - Beginning Inventory of raw materials
where,
Raw materials to be used = units produced × 7 grams
Units produced is
= Ending inventory of finished goods + units sold - beginning inventory of finished goods
= 30,000 units + 270,000 units - 20,000 units
= 280,000
Now raw materials used is
= 280,000 × 7 grams
= 1,960,000 grams
Now
Materials purchased = Ending inventory of raw materials + Materials to be used - Beginning Inventory of raw materials
= 40,000 grams + 1,960,000 grams - 50,000 grams
= 1,950,000 grams
The gross method of recording the sale is recording an account
at its original price no deductions of the cash discounts offered.
Perpetual Inventory system bring up-to-date the inventory accounts
when there is an acquisition or sale.
The journal entry would be:
Debit:
Accounts receivable 7,800
Cost of goods sold 4,500
Credit:
Sales 7,800
Merchandise inventory 4,500