Answer:
If Concord Corporation purchase from outside it total cost will increase by $4500.
Explanation:
Cost of producing the units using current production:
Direct Material Cost $21000
Direct Labour Cost $5500
Variable Overhead Cost $19000
Total Cost of Production $45500
So, Purchase cost minus production cost
Gives $50000 - $45500 increase in cost purchase over production by $4500
Note:
Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.
Answer:
b. Psychological contract
Explanation:
Psychological contract is the unwritten agreement between an employee and an employer. Based on the employees befforts and skills he will receive incentives from the employer. Incentives can be intangible like job security, or tangible like promotions and pay raises.
Bill Walters has an intangible contract with Amazon.com where he will receive promotions and pay raises based on his efforts and performance.
Answer:
$133,600
Explanation:
Straight line depreciation expense = (cost of asset - salvage value) / number of year
Cost of asset = $340,000 + $14,000 + $40,000 = $394,000
($394,000 - $60,000) / 5 = $66,800
The amount of accumulated depreciation at December 31, 2018 = $66,800 x 2 = $133,600
It is to help you edit the chart how ever you want
Answer:
Final cost of Inventory $3,845.30
Explanation:
Calculation for the JC Manufacturing's final cost of the inventory that it kept
JC Manufacturing's final cost of inventory
Purchase Cost of inventory $4,900
Less Purchase returns and allowance ($1,470)
(30%*$4,900)
Less Purchase return ($14.70)
(1%*$1,470)
Add freight in $430
Final cost of Inventory $3,845.30
Therefore the Final cost of Inventory will be $3,845.30