Resources include: Personnel, Supplies, Equipment, and ______________

Utica Company has offered to supply Kingston's entire annual requirements of the part for $53 each. If Kingston buys the part fr

miss Akunina [59]

Answer:

$480,000

Explanation:

Calculation to determine what total relevant costs to make the part internally are

First step is to calculate Relevant cost per unit:

Relevant cost per unit:

Direct materials $6

Direct labor $24

Variable manufacturing overhead $12

Fixed manufacturing overhead ($15 × 0.40) $6

Relevant manufacturing cost $48

Now let determine the Total relevant costs to make the part internally

Total relevant costs to take the part internally=($48 × 10,000)

Total relevant costs to make the part internally = $480,000

Therefore total relevant costs to make the part internally are $480,000

5 0

3 years ago

The income statement for the Timberline Golf Club Inc. for the month ended July 31 shows Service Revenue $18,530; Salaries and W

PIT_PIT [208]

Answer and Explanation:

The closing journal entries are as follows:

1. Service revenue Dr $18,530

To Income summary $18,530

(being revenue account is closed)

2. Income summary Dr $14,400

To Salaries and Wages Expense $9,100

To Maintenance and Repairs Expense $4,190

To Income Tax Expense $1,110

(being expenses account is closed)

3. Income summary Dr $4,130 ($18,530 - $14,400)

To retained earnings $4,130

(Being closing of the net income is recorded)

4. Retained earnings Dr $1,830

To Dividend $1,830

(being dividend account is closed)

8 0

3 years ago

Institutional owners are Group of answer choices

vfiekz [6]

Answer:

Financial institutions such as mutual funds and pension funds that control a large block of shareholders position.

Explanation:

Institutional ownership can be defined as the quantity of stock that is being owned by large bodies such as investment firms, mutual funds, investment banks, insurance companies. These different bodies are responsible for the management of different funds for other entities.

A lot of different institutional investors can own a large amount of shares, therefore if an institution decides to sell, it will have a huge effect on a lot of individual shareholders.

5 0

3 years ago

When economists and policymakers refer to the Fed's dual mandate, they are referring to:

miss Akunina [59]

Answer:

A) price stability and maximum employment.

Explanation:

When Congress enacted the Federal Reserve Act in 1913, they stated the FED's mandates:

promote maximum employment
promote stable price

The FED's main objective is to conduct monetary policy in order to stabilize the economy and promote economic growth.

By stabilizing the economy the FED will lower inflation rate, therefore stabilizing prices. When the FED promotes economic growth, the unemployment rate should decrease, hopefully reaching a full employment.

5 0

4 years ago

Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information i

Nikolay [14]

Answer: $44,000

Explanation:

The following information can be gotten from the question:

Cash dividends declared for the year = $40,000

Cash dividends payable at the beginning of the year = $17,000

Cash dividends payable at the end of the year = $13,000

Therefore, the amount of cash paid for dividends was:

= $40,000 + $17,000 - $13,000

= $57,000 - $13,000

= $44,000

4 0

3 years ago

Resources include: Personnel, Supplies, Equipment, and _______________. Select the missing item from below: