Answer:
C) 640 units
Explanation:
Given that
Total manufacturing cost = $132,600
Per unit material cost = $75
Fixed overhead cost = $36,000
Variable overhead cost = 50% of total labor cost
The computation of total number of units is given below:-
Variable overhead cost
= 12,000 × $2.70 × 50%
= $16,200
Direct labor cost
= 12,000 × $2.70
= $32,400
Total Direct material cost = Total manufacturing cost - Variable overhead cost - Fixed overhead cost - Direct labor cost
= $132,600 - $16,200 - $36,000 - $32,400
= $48,000
Total number of units = Total Direct material cost ÷ Direct materials cost
= $48,000 ÷ $75
= 640 units
Answer:
price stock sell today is $141.67
Explanation:
given data
annual dividend = $8.50
stock = 6.0% = 0.06
to find out
what price stock sell today
solution
we know that here annual dividend and stock rate
so will find stock sell today by given formula that is
stock sell today = annual dividend / stock .............1
put here all these value
stock sell today = annual dividend / stock
stock sell today = 8.50 / 0.06
stock sell today = 141.67
so price stock sell today is $141.67
Answer:
the journal entry to record this sale should be:
Dr Accounts receivable X
Dr Credit card fees Y
Cr Sales revenue X+Y
Explanation:
The journal entry to record sales using credit cards issued by banks, e.g. VISA, MasterCard, etc., which pay immediately or almost immediately (the same day or the following day) and manage the payments through the company's bank account:
Dr Cash X
Dr Credit card fees Y
Cr Sales revenue X+Y
Since credit cards not issued by banks (e.g. many American Express cards are issued by American Express itself not by banks) do not pay immediately, a company must record an account receivable, it cannot record cash. In order to collect the payment, the company must submit the credit card receipt to the credit card company and then wait for it to be processed and paid. This may take a few days or even a couple of weeks.
