Answer:
The value of closing inventory is $3,500
Cost of goods sold $40,670
Explanation:
The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.
The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.
Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.
Hence the value of closing inventory is computed thus:
May 5 20*$85=$1,700
Nov 3 20*$90=$1,800
Total $3,500
The costs of goods sold are is computed thus:
Opening inventory 60*$82 $4,920
May 5 230*$85 $19,550
Nov 3 180*$90 $ 16,200
Total $40,670
Dettol and Lifebuoy product comparison is taken
Explanation:
1. Features - The color of Dettol packaging is Green in color ,and Lifebuoy is Red in color. This makes the major physical difference in the products.
2.Benefits - Both oh them exhibit the same benefits of detoxing and use of disinfectant of germs. Soaps. liquid hand wash and hand sanitizers are the most common products of them.
3. Product Information- Dettol contains Chloroxylenol whereas Lifebuoy contains germ protection soap bars.
4.Style -Lifebuoy is a ring or horseshoe shaped and has a connecting line allowing the causality to be pulled to the rescuer in a boat.
5. Performance- Both the products have pros and cons attached to it. Where dettol is superior in some features whereas Lifebuoy has some superiority in other certain things.
Though both exhibit almost the same characters , it totally depends upon the person which they prefer over the two products.
Answer:
$ 8.9
Explanation:
Given:
Direct materials cost = $ 10.90
Direct labor = $ 14.90
Variable overhead cost = $ 3.90
Fixed overhead cost = $ 8.90
Selling price offered for the product = $ 38.60
Net incremental cost = Offered selling price - ( Direct materials cost + Direct labor + Variable overhead cost )
The fixed cost is not included because, it will be incurred whether the offer is accepted or not.
therefore,
Net incremental cost = $ 38.60 - ( $ 10.90 + $ 14.90 + $ 3.90 )
or
The net incremental cost = $ 8.9
Answer:
$84
Explanation:
Calculation to determine the inventory cost per unit using absorption costing
Direct materials $18
Indirect materials (variable) $3
Direct labor $9
Indirect labor (variable) $7
Other variable factory overhead $13
Fixed factory overhead $34
Inventory cost per unit $84
($18 + $3 + $9 + $7 + $13 + $34 = $84
Therefore the inventory cost per unit using absorption costing is $84
