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Zina [86]
3 years ago
12

He Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material $5 per unit Labor 3 per unit Ove

rhead 1 per unit Beginning inventory at these costs on July 1 was 3,200 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,400 units. These units had a material cost of $4, labor of $6, and overhead of $4 per unit. Bradley uses LIFO inventory accounting.
a. Assuming that Bradley sold 16,800 units during the last six months of the year at $13 each, what is its gross profit?

b. ending inventory value?
Business
1 answer:
blsea [12.9K]3 years ago
8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

July 1, 20X1:

Material $5 per unit

Labor $3 per unit

Overhead $1 per unit

Total cost= $9

Beginning inventory= 3,200 units.

December 1, 20X1:

Bradley Corporation produced 12,400 units.

These units had a material cost of $4, labor of $6, and overhead of $4 per unit.

Total cost= $14

A) Units sold= 16,800 units

Selling price= $13

The total inventory is= 3,200+12,400= 15,600

<u>We will assume that production levels with sales.</u>

Sales= 16,800*13= $218,400

Cost of goods sold= (3,200*9 + 13,600*14)= (219,200)

Gross profit= (800)

B) We will assume the ending inventory is 300 units:

Inventory= 300*14= $4,200

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Answer:

a. The annual capital cost is $9,798

b. The equivalent annual savings is $27,495

c. The decision is wise

Explanation:

a. In order to calculate the annual capital cost (ownership cost) for the equipment we would have to calculate the following formula:

annual capital cost=P(A/P,i,n)-F(A/F,i,n).........

annual capital cost=$65,000(A/P,9%,10)-$5,000(A/F,9%,10)

=$65,000(0.1558)-$5,000(0.0658)

=$10,127-$329

=$9,798

b. In order to calculate the equivalent annual savings (revenues) we would have to calculate the following formula:

equivalent annual savings=A+G(A/G,i,n).........

equivalent annual savings=$18,000+$2,500(A/G,9%,10)

=$18,000+$2,500(3.798)

=$18,000+$9,495

=$27,495

c. The decision is wise becauste the equivalent annual savings are greater than the annual costs of the equipment.

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3 years ago
A product-focused process is commonly used to produce: A) high-volume, high-variety products. B) low-volume, high-variety produc
valkas [14]

Answer:

C. high-volume, low-variety products

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Which of the following is an advantage of a CD?
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Answer:

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It usually offers a higher interest rate.

Explanation:

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Give me 1 example of a criminal law case
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2 years ago
Read 2 more answers
The Shoe Store has cash of $300, accounts receivable of $700, accounts payable of $800, inventory of $1,300, long-term debt of $
Yakvenalex [24]

Answer:

Current ratio = 1.77

Explanation:

given data

cash = $300

accounts receivable = $700

accounts payable = $800

inventory = $1,300

long-term debt = $1,900

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solution

first we get here Current Assets that is

current assets  = $300 + $700 + $1300

current assets = $2300  

and now we get current liabilities that is

current liabilities  = $800 + $500

current liabilities  = $1300

so now we get Current ratio that is

Current ratio = \frac{2300}{1300}

Current ratio = 1.77

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