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3 years ago

The following information is available for the first month of operations of Lane Inc., a manufacturer of mechanical pencils:

Business

1 answer:

aniked [119]3 years ago

7 0

Answer:

a. Cost of goods sold = Sales - Gross profit

= $416,720 - $242,950

= $173,770

b. Direct materials cost = Materials purchased -Indirect materials - Materials inventory, end of period

= $128,350 - $45,220 - $17,090

= $66,060

c. Direct labor cost =Total manufacturing costs for the period - Direct materials cost - Factory overhead

= $239,610 - $66,060 - ($90,430 + $45,220 + $13,750)

= $239,610 - $66,060 - $149,380

=$239,610 - $215,440

=$24,170

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The following units of an item were available for sale during the year:

valina [46]

Best answer

a firm has beginning inventory of 300 units at a cost of 11 each. production during the period was 650 units at 12 each. if sales were 700 units what is the cost of goods sold (assume FIFO)

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3 years ago

Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks

Tems11 [23]

Answer:

case 1: when $405,000 fixed overhead cost can be avoided

make buy net income

direct material

994700 0 994700

direct labor 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 195000 405000

purchase price 0 2314200 (2314200)

total 2528500 2509200 19300

YES,jobs should accept the offer because it results in saving of $19300

CASE 2: when no fixed overhead can be avoided

make buy net income

direct material 994700 0 994700

direct labour 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 600000 0

opportunity cost 375000 0 375000

purchase price 0 2314200 (2314200)

total cost 2903500 2914200 (10700)

NO, jobs shold not accept the offer because it results in loss of $10700

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3 years ago

Liz trespasses on mega corporation's property. through the use of reasonable force, mega's security guard ned detains liz until

irina1246 [14]

Mega is likely liable for trespassing. It is because when an individual trespass on someone else’s property without the owner’s consent, the individual who had trespass would likely be liable or detained for trespassing on someone else’s property and can be charged based on the law.

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3 years ago

Read 2 more answers

Symbic Foods, a chain of fast food restaurants, has included a drop-down menu on its main Web site. With this drop-down menu, pe

zvonat [6]

Answer:

localization of a Web site.

Explanation:

When a web site of a company is localised, it provides information. To users that is relevant to their locality. The access to local information about the business helps to drive sales at local stores of the business

In this instance localisation of the website is done by including a drop-down menu on its main Web site. With this drop-down menu, people can view their country-specific Web site, which contains information about the dishes that Symbic Foods serves in that country.

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3 years ago

(Cash management) As CFO of Portobello Scuba Diving Inc. you are asked to look into the possibility of adopting a lockbox syst

zheka24 [161]

Answer:

Check the answers below

Explanation:

The per instrument cost of the bank is $0.25. Assuming uniform cheque value, the 24 million remittances across 10000 cheque will mean per cheque value of 2400. If this amount can be invested at 8% p.a., then daily investment income will be approx = 2400 * 8% /365 = $ 0.526

Now for the company to jus about cover the cost of the cheque processing, the time should reduce by (assuming fractional time in days is possible) 0.25/0.526 = 0.48 days

Now if the interest that can be earned reduces to 4%, the average daily interest will also reduce to $0.263. At this level, the time required to cover the cost should reduce by 0.95 days

The difference is simply because the opportunity cost in terms of alternate usage of funds has decreased for the company.

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3 years ago