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Alenkinab [10]
3 years ago
8

Masterlink Co., in applying the lower of cost or market method, reports its inventory at net realizable value. Which of the foll

owing statements is correct? Question 3 options: A) Cost is greater than net realizable value. B) NRV is greater than replacement cost. C) Cost is less than NRV minus a normal profit margin. D) Cost is less than net realizable value.
Business
1 answer:
nasty-shy [4]3 years ago
4 0

Answer:A. Cost is greater than net realisable value(NRV)

Explanation:

An inventory should not be higher than the price its sale or use and this requires the comparison of inventory cost to it's ( NRV) and whichever is lower will be used as cost of inventory

NRV= Sales price less cost to completion and less estimated cost necessary to make the sales.

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Chapter 7 bankruptcy involves...
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D is correct answer. 

They providing a method for student loans to be forgiven.

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3 years ago
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Graph shows values along the horizontal axis and vertical axis. Coordinates are plotted to indicate two upward-sloping diagonal
algol13
The answer to this question will be A
5 0
3 years ago
Complete the sentences. Yellowstone National Park is​ ______. A. a natural monopoly good B. a private good C. a common resource
Gekata [30.6K]

Answer:

The correct answers are:

1)  "B": a common resource.

2) "A": excludable and rival.

Explanation:

1) A common resource is one that provides tangible benefits. This is the type of resource that can be used by several people at the same time without excluding the availability for its use to others. If they are not owned by anyone they take the name of open-access resources.

2) A good is excludable and rival if someone can prevent the use of it and when its use necessarily implies others not using it. Under this category fall all private resources since their ownership belongs to a certain number of people only if not only one.

7 0
3 years ago
Wehrs Corporation has received a request for a special order of 9,300 units of product K19 for $46.80 each. The normal selling p
Sliva [168]

Answer:

Effect on income= $62,510 increase

Explanation:

Giving the following information:

Offer= 9,300 units of product K19 for $46.80 each.

Direct materials $ 17.60

Direct labor $6.90

Variable manufacturing overhead $4.10

The customer would like some modifications made to product K19 that would increase the variable costs by $6.50 per unit and that would require a one-time investment of $46,300 in special molds that would have no salvage value.

<u>Because it is a special offer and there is unused capacity, we will take into account only the incremental fixed costs.</u>

<u></u>

First, we need to calculate the total cost of the offer:

Unitary variable cost= 17.6 + 6.9 + 4.1 + 6.5= $35.1

Total variable cost= 35.1*9,300= $326,430

Total fixed costs= 46,300

Total cost= $372,730

Finally, we can determine the effect on income:

Effect on income= 9,300*46.8 - 372,730

Effect on income= $62,510 increase

3 0
3 years ago
Clear Colors Corporation uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs.
belka [17]

Answer:

b. $ 2,000 overapplied

Explanation:

Firstly, we need to determine the predetermined overhead rate based on direct labor costs.

Estimated total manufacturing Overhead                        $ 350,000

Estimated direct labour costs                                            $ 200,000

Predetermined overhead rate $ 350,000 / $ 200,000   $ 1.75 per $ of direct labour costs.

The total manufacturing overhead <u>applied</u> on direct labor costs of $ 208,000, is:

$ 208,000 * $ 1.75                                                              <u> </u>$ 364,000

Actual overhead costs incurred                                          <u>$ 362,000</u>

Manufacturing overhead over applied                              <u> $      2,000</u>

7 0
3 years ago
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