Answer:
C) $21,080
Explanation:
The computation of the net operating income is given below:
Particulars Per unit Total
Sales $114 $1,128,600
Less: Variable expenses:
Raw material cost (6 pounds for $4) $24 $237,600
Direct labor cost (2.4 hours for $24) $58 $570,240
Manufacturing overheads (2.4 hours for $9) $22 $213,840
Variable selling and admin expenses $2 $15,840
Contribution margin $9 $91,080
Less: Fixed Selling and admin exp $70,000
Net operating income $21,080
The effect on General Ledger with the creation of the new inventory item "Birdbath" on March 15, when beginning inventory of 25 units at a cost per unit of $23.82 recorded by Erin, is the overstatement of the Ending Inventory by $595.50.
Data and Calculations:
Date Description Units Unit Cost Total Cost
March 15 Beginning Inventory 25 bags $23.82 $595.50
April 20 Purchase 80 bags $8.00 $640.00
June 12 Purchase 75 bags $8.25 $618.75
June 15 Sale 125 bags
Ending inventory in units (correct balance) = 30 bags (155 - 125)
Ending inventory in units (per records) = 55 bags
Thus, the overstatement of the Ending Inventory by $595.50 makes the General Ledger balances to disagree.
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Answer:
the contract is a. void.
Explanation:
this is because Huck has been declared as mentally incompetent by the court and that can only be changed by the court as well. so, when he agrees to sell and create a contract, it becomes void, no matter the value is or how closely it relates to the market value.
if it was Inez who came into the contract, then the contract would have been legally binding.
Answer:
Business relationship
Explanation:
My teacher just gave me the answer
Answer:
The recent loss of 440 manufacturing jobs at Ford Australia has generated a lot of debate about the long-term viability of the Australian car industry, and manufacturing in general. This debate has included arguments that manufacturing is important and needs more government support. It has also seen some commentators argue that Australian’s have no right to expect jobs in manufacturing.
While most of this debate has focused on the automotive manufacturing sector, there is a wider question that needs to be answered. This relates to the issue of whether it is feasible for an advanced economy to grow and prosper without a manufacturing sector?
Explanation: