Answer: $57,000
Explanation:
Given that,
Beginning finished goods inventory in units = 0
Units produced = 7,000
Units sold = 5,100
Sales = $663,000
Materials cost = $140,000
Variable conversion cost used = $70,000
Fixed manufacturing cost = $490,000
Indirect operating costs (fixed) = $102,000
Total Variable cost of units produced = Materials cost + Variable conversion cost used
= $140,000 + $70,000
= $210,000
=
= $30
Units in ending inventory = Units produced - Units sold
= 7,000 - 5,100
= 1,900
Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit
= 1,900 × $30
= $57,000
Answer:
The answer is: C) differentiates the budgeted costs for each sales level.
Explanation:
A flexible budget is a budget that is adjusted according to different sales levels. It is adjusted to include different costs that vary according to different level of activities. The budget will flex (or adjust) because it includes a variable rate per unit of activity, and not just one fixed total amount.
For example, when you calculate the total costs of producing a chair, you can elaborate a flexible budget considering variable costs in materials, direct labor and machine hours for every chair produced.
Answer:
5.75%
Explanation:
Firstly, we need to find the yield-to-maturity (YTM) of current outstanding bond as below:
Bond market price = Coupon/(1 + YTM) + Coupon/(1 + YTM)^2 + Coupon/(1 + YTM)^3 +...+ Coupon/(1 + YTM)^20 + Face value/(1 + YTM)^20, or:
1,382.73 = 130/(1 + YTM) + 130/(1 + YTM)^2 + 130/(1 + YTM)^3 +...+ 130/(1 + YTM)^20 + 1,000/(1 + YTM)^20
Solve the equation, we get YTM = 8.85%.
So, if he company wants to issue new debt, its after-tax cost of debt is 8.85% x (1 - 35%) = 5.75%
Answer:
Generate traffic.
Explanation:
Direct marketing is a type of marketing strategy that involves communicating directly with potential customers. In this type of advertising strategy there is no middleman as business is transacted directly from the producers to the customers.
Direct marketing helps an organization to increase its sales, it also helps to build a strong relationship with customers. Direct marketing mediums include: newspapers, postcards, catalogs, phone calls.
Answer:
Jackson will likely try to give the diamond back, and if the Jewerly refuses to give him back his money, he will likely lose if he sues them, because the saleperson only expressed an opinion, not a factual statement, and it was up to Jackson whether to believe him or not.
