Answer:
17,900
Explanation:
you just add them all together than subtract it from 20k
Answer:
45,300
Explanation:
The manufacturing overhead is 30%
Direct labour is $105,700
Direct material is $24,400
Therefore the manufacturing overhead can be calculated as follows
The first step is to find the conversion costs
1 -30/100CC= 105,700
1-0.3CC= 105,700
0.7CC= 105,700
CC= 105,700/0.7
CC= 151,000
= 151,000-105,700
= 45,300
Hence the manufacturing overhead is 45,300
Answer:
$800
Explanation:
The computation of the saving amount on tax is shown below:
Provided information
Amount is given to the building fund by Judy Hays = $3,200
Marginal tax rate = 25%
By considering the above information, the saving amount on tax would be
= Amount given to the building fund by Judy Hays × Marginal tax rate
= $3,200 × 25%
= $800
We simply multiplied the building fund amount by the marginal ax rate so that the exact value can arrive
Answer and Explanation:
The computation is shown below:
a. The receivables Turnover Ratio and Inventory Turnover Ratio is
receivables Turnover Ratio is
= Net credit sales ÷ average account receivable
= $86,000 ÷ ($6,500 + $6,900) ÷ 2
= $86,000 ÷ $6700
= 12.84 times
Inventory turnover ratio is
= Cost of goods sold ÷ average account receivable
= ($86,000 × (1 - 49.8%) ÷ ($7,280 + $7,300) ÷ 2
= $43,172 ÷ $7,290
= 5.92 times
b. The average days to collect receivables and inventory is
For receivables
= 365 ÷ 12.84 times
= 28.43 days
For inventory
= 365 ÷ 5.92
= 61.66 days
