Solution:
Pick some smart number for x,
let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).
From January to April, inclusive 4x=8 brooms were produced and
in May the company paid for storage of 8-1 =7 brooms,
in next month for storage of 6 and so on.
So the total storage cost would be:
= 1 ∗ (7+6+5+4+3+2+1+0)
= 28
--> as x=2 , then 28 = 14x
So the answer is 14x
Answer:
December 31
Debit : Depreciation $1,800
Credit : Accumulated Depreciation $1,800
Explanation:
Straight line method charges a fixed amount of depreciation based on the formula :
<em>Depreciation Expense = Cost - Salvage Value ÷ Estimated Useful Life</em>
Depreciation Expense = ($10,000 - $1,000) ÷ 5 = $1,800
Answer:
Thus Option A is correct. $25,120
Explanation:
S1 = 8000+0.25(14400+0.30(S1))
S1 = 8000+3600+0.075(S1)
S1 = $12,540 = $11,600 / 0.925
S2 = $18,162 = $14,400 + 0.30 ($12,540)
$25,210 = $16,000 + 0.30 ($12,540) + 0.30 ($18,162)
Answer:
The sales mix is 1:2.
Model 101 Model 102
Selling Price 21 56
Variable Cost -14 -35
Contribution Per Unit 7 21
Multiply Sales Mix Ratio 1 2
Weighted Contribution 7 42
Now add the weighted Contribution to compute Contribution margin per composite unit which is 7+42=$49
Explanation:
I assumed that the cost and selling price here for Model 101 is $14 and $21 respectively. Similarly the cost and selling price of Model 102 is $35 and $56 respectively.
Remember that Contribution margin per composite unit means that we will earn 49 dollars(combined contribution of sales mix) if we sell the sale mix of Model 101 and 102 which is 1:2.
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