Answer:
The relevant cost of the 150 kilograms of the raw material when deciding whether to proceed with the special project: $979.
Explanation:
We do not use the original cost $2,236 because it is sunk cost.
We do not use market value because Otool Inc. does not either incur this cost nor sacrifice any benefit from not buying at market price.
The relevant cost of these raw material should be the benefit sacrificing from not selling the raw material, instead using it in the project; calculated as:
Selling price x Amount sold - Cost of delivery = 7.1 x 150 - 86 = $979.
Thus, the answer is $979.
Answer:
The correct answer is letter "D": A standardized way of presenting the key terms of your credit card agreement.
Explanation:
Named after Senator Charles Schumer (born in 1950), the Schumer box is part of the disclosure information financial institutions must provide to debtors so they can be aware of what is the interest and fees subject to the use of credit cards. It is a box mostly present in credit card statements but must be included in any credit card solicitation.
Answer:
The answer is:
- 2022 most accurate inventory
- 2021 least accurate inventory
Explanation:
Garret Market uses a periodic inventory system (updates are made on a periodic basis) and in order to carry out this process correctly, the inventory should remain closed. Only in 2022 was the inventory closed, so it should be the most accurate. In 2021 the store remained fully opened and inventory was modified daily, so it should be the least accurate.
The is true dad is utilized for provision critical data
Answer:
$38,750 Favorable
Explanation:
Fixed overhead absorption rate:
= Fixed Overhead Costs for March (static budget) ÷ Production(static budget)
= $387,500 ÷ 31,000
= 12.5 per unit
Fixed overhead production−volume variance:
= Amount actually applied - Amount budgeted
= (12.5 × 34,100) - $387,500
= $426,250 - $387,500
= $38,750 Favorable