Answer:
The dollar amount of the ending inventory for the month of August is $460
Explanation:
FIFO Perpetual chart is attached.
FIFO Perpetual chart shows purchases , sales and balance of each period.
The balance at the end of August is
Units Unit Cost Total
10 12 $120,00
10 13 $130,00
15 14 $210,00
Total=$460
Units 35
What effect, if any, would you expect poor-quality materials to have on direct labor variances: If poor-quality materials create production problems, a result could be excessive labor time and therefore an unfavorable labor efficiency variance.
An unfavourable situation or set of conditions is one that involves difficult problems and makes success harder to achieve. They had finally gained independence, but on very unfavorable terms.
What is unfavorable reaction psychology?
An adverse reaction is a negative reaction to a medical procedure or medication. Also known as a negative side effect, these can be caused by a physical sensitivity or allergy to a medication. Other causes can include taking medications too often, not often enough, or in the wrong dosage.
learn more about unfavourable here
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Answer:
The correct answer is $13,325.
Explanation:
According to the scenario, the given data are as follows:
Total sales = $487,000
Cost of goods sold = $394,500
Depreciation expense = $43,800
Interest paid = $18,200
dividends paid = $6,500
Tax rate = 35%
so, first we calculate net income.
Net income = ( Total sales - Cost of goods sold - Depreciation expense - Interest paid ) - 35%
= ($487,000 - $394,000 - $43,800 - $18200 ) - 35%
= $30,500 - $10,675
= $19,825
Addition to retained earnings = Net income - Dividends Paid
= $19,825 - $6,500
= $13,325
Hence, the correct answer is $13,325.
