Answer:
the answer should be
a. Overhead can be applied slowly as a job is worked on.
Allocated costs of items sold = $10337.48
Allocated costs of remaining inventory = $2268.76
First, calculate how much inventory is actually produced from 2400 lbs of lobsters.
Tails = 2400/100*52 = 1248
Flakes = 2400/100*22 = 528
The value of that inventory is:
Tails = 1248 * $21 = $26208
Flakes = 528 * $14 = $7392
Total = $26208 + $7392 = $33600
<span>Now the percentage of value to distribute costs among.
Tails = 26208 / 33600 = 0.78
Flakes = 1 - 0.78 = 0.22
Cost of inventory
Materials: 2400 * $4.50 = $10800
Labor: $1,800
Total: $10800 + $1800 = </span><span> $<span>12600
Now let's distribute the cost between the tails and flakes:
Tails: 0.78 * $12600 = $9828
Flakes: 0.22 * $12600 = $2772
Now let's calculate the cost per pound of the inventory
Tails: $9828 / 1248 = $7.88/lb
Flakes: $2772 / 528 = $5.25/lb
Of the 1096 lbs of tails sold, that leaves 1248-1096 = 152 lbs in inventory.
Cost of tails sold = 1096 * $7.88 = $8636.48
Cost of remaining tail inventory = 152 * 7.88 = $1197.76
Of the 324 lbs of flakes sold, that leaves 528-324 = 204 lbs in inventory.
</span></span>Cost of flakes sold = 324 * $5.25 = $1701
Cost of remaining flake inventory = 204 * 5.25 = $1071
Allocated costs of items sold = $8636.48+$1701 = $10337.48
Allocated costs of remaining inventory = $1197.76+$1071=$2268.76
Answer: an exculpatory
Explanation:
An Exculpatory Clause
An exculpatory clause is part of an agreement which allows one party to be relief from any liability that has developed along the vway. It is an allowance in a contract which is intended to protect one party from being sued for their wrongdoing or negligence.
A lease: where the landlord Metro City Mall says they will not be responsible for damage, injury, or loss which occurs on the property.
Homeowners insurance would be the answer.