Answer:
The total cost of producing the 20,000 windsocks is: $270,000.
Explanation:
COMPUTATION:
MATERIAL HANDLING OF PARTS
.
$1.00
3X20,000
TOTAL OVERHEAD COST = 60,000.
MACHINING MACHINE HOURS.
60/HR
1/minute
5 X 20,000
100,000.
PACKAGING NUMBER OF FINISHED UNITS
.
$2.00
20,000 X 2
40,000.
TOTAL OVERHEAD COST = 60,000 + 100,000 + 40,000 = $ 200,000.
Total Materials and labor
3.50 per windstocks
3.5 x 20,000
= 70,000.
The total cost of producing the 20,000 windsocks is:
= $200,000 + 70,000
$270,000 total cost.
Answer: If you've been a victim of identity theft, you should order a credit report after contacting the company that reported the suspicious charge and issuing a credit fraud report (option b)
Explanation:
The credit report is separated into sections like
:
Identifying information like (name, address, date of birth, social security number)
Employment history
A consumer report (if you have added any credit account information)
A list of public records
Recent inquires
You will be provided with all the credit card activity that has been done in the past and will help you identify the suspicious transaction that you did not approve
Answer:
Cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold.
Explanation:
Cost of goods available for sale can be described as the <u>maximum amount</u> of inventory, stock, or goods that is possible for a firm to sell during an accounting period. It is the maximum amount because it is not possible for a firm to sell more than the cost of goods available for sale.
The cost of goods available for sale is obtained by adding beginning inventory and net purchases during an accounting period. This can be stated as follows:
COGAFS = BI + NP ............................... (1)
Where;
COGAFS = Cost of goods available for sale
BI = Beginning inventory
NP = Net purchases
At the end of an accounting period, ending inventory is deducted from the cost of goods available for sale to obtain cost of goods sold as follows:
COGS = COGAFS - EI ............................ (2)
Where;
COGS = Cost of goods sold
COGAFS = Cost of goods available for sale
EI = Ending inventory
Rearranging equation (2) and solve for COGAFS, we have:
COGFAS = COGS + EI ........................... (3)
Equation (3) therefore implies that the correct option is "cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold".
The answer is B. First in, first out method
Or commonly known in accounting as the FIFO method, is inventory valuation method where the first goods purchased by company is also the first goods sold.
By doing that, this will make the last goods purchased ( the most recent purchased) by the company became company ending inventory.
Yes, the term should "reduction in the quantity required" or "drop in the demand for designer handbags" be used in the event where a decline in consumer spending on designer handbags is the price of designer handbags.
There have been numerous arguments over whether the greater inflation that the United States has witnessed thus far is temporary or sustainable, what that implies for inflation expectations around the world, and how that affects a company's capacity to pass on higher expenses.
As bottom-up investors, we conduct in-depth fundamental analyses of specific businesses and sectors. We don't search for investing ideas based purely on directional or macro bets. Our macro views may be well-informed about the political, economic, or fiscal market dynamics of the nations in which we invest, but we take care to avoid letting them overly impact the portfolio.
Nevertheless, we believe that our international portfolio is well positioned for rising inflation because we favor businesses with real pricing power—businesses that enjoy strong demand for their extremely sought-after products, making them more resistant to sustained global inflation, should that turn out to be the case.
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