Answer:
$84
Explanation:
The computation of each unit of the company's inventory under absorption costing is shown below:
= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $12 + $18 + $25 + $29
= $84
We simply added the first four-unit cost through which total unit cost would come
All other information which is given is not relevant. Hence, ignored it
Answer:
the process capability index is 0.002 and Since the capability index is < 1, therefore the process is not capable of producing the desired result.
Explanation:
Formula to calculate process capability index is given below-
…… (1)
Here
Mean () = 1.002
Lower specification limit (LSL) =
Upper specification limit (USL) =
Standard deviation () = 1.002 inch
Answer:
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Explanation:
Answer: false
Explanation: Amalgamation can be described as a process of combining or mixing. In business language, Amalgamation is also known as merger. Merger refers to when two or more companies agree to combine business, at the same stage of production or at a different stage, and form one bigger company. It can be both horizontal or vertical merger.
But when they are combined rather than A+B+C=A
It becomes ABC.
Answer:
Sale of Merchandise for Cash
Revenue (Shareholders Equity) = Increase $107500
Cash (Asset) = Increase $107500
Liabilities = No Effect
Cost of Goods Sold
Shareholders Equity = Decrease $ 53750
Inventory (Asset) = Decrease $53750
Liabilities = No Effect
Explanation:
Sale of Merchandise for Cash
Recognition of Revenue increases Profit in Income Statement and consequently increases shareholders equity.
Assets of Cash are increasing to depict inflow of economic benefits
Cost of Goods Sold
Cost of Goods sold represent outflow of economic benefits
Assets of Inventory are decreasing