What? I don’t understand sorry
Answer:
Net income is how much money a business or person makes after the costs of deductions, taxes, and allowances.
Further, commerce net income is how much the business has after all costs, which include things such as: salary/wages, the cost it takes to buy the goods or create them, plus taxes.
Explanation:
Answering again cause it got deleted for the link.
(still new here, I didn't know I wasn't suppose to do that, whoops)
Answer:
Allocated cost= $14,400
Explanation:
<u>First, we need to calculate the allocation rate for setup:</u>
<u></u>
Cost allocation rate= total estimated costs for the period/ total amount of allocation base
Cost allocation rate= 60,000 / 50
Cost allocation rate= $1,200 per setup
<u>Now, we can allocate setup cost to G10:</u>
Allocated cost= 1,200*12
Allocated cost= $14,400
Answer:
B. $600
Explanation:
The average cost method assigns a cost to inventory items based on the total cost of goods purchased (or produced) in a period divided by the total number of items purchased (or produced). Weighted Average Unit Cost is calculated by following formula:
Weighted Average Unit Cost = Total Cost of Inventory
/Total Units in Inventory
Total value purchased in July = $1,400+$220 = $1,620
Weighted Average Unit Cost = ($380+$1,620)/100 = $20
Ending inventory = 30 x $20 = $600
Noted: The company did not have date of selling merchandise. In the situation, assuming that the company uses periodic inventory system.
