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11111nata11111 [884]
4 years ago
14

Given that inventory valued at full cost equals $10.3 million, variable cost of the inventory is 70.6% of the full cost, and the

inventory carrying cost is 30%, then the cost of carrying the inventory investment for one year is (your answer must be accurate to the nearest dollar) ______
Business
1 answer:
V125BC [204]4 years ago
3 0

Answer:

$21 million

Explanation:

Full cost = $10.3 million

Variable cost = 70.6% of full cost = 0.706 × $10.3 million = $7.2718 million

Inventory cost = 30% of full cost = 0.3 × $10.3 million = $3.09 million

Annual cost of carrying inventory investment = full cost + variable cost + inventory cost = $10.3 million + $7.2718 million + $3.09 million = $20.6618 million = $21 million (to the nearest dollar)

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3 years ago
The day-to-day supervision of construction is the responsibility of the____________.
wlad13 [49]

Answer:

The correct word for the blank space is: general contractor.

Explanation:

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3 years ago
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
Ghella [55]

Answer and Explanation:

The computation of the overhead rate for each activity is as follows;

Overhead rate is

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For Machine setups

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In this way it is calculated

5 0
3 years ago
The Public Company Accounting Oversight Board (PCAOB) has authority to establish which of the following relating to public compa
Dafna1 [17]

Answer: a. Option A

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The Public Company Accounting Oversight Board (PCAOB) was formed by the Sarbanes-Oxley Act in the aftermath of the disastrous accounting policies of companies like WorldCom and Enron in the early 2000s to protect investors from such happening again.

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3 years ago
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cupoosta [38]

Answer:

$44 per case.

Explanation:

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Then, To calculate the standard cost of direct materials for the jewelry box, we multiply the direct materials standard price of $4.00 (plus the transportation costs of 1.50 per board foot) by the direct materials standard quantity of 8 feet (8 board feet of hardwood in the finished product) per unit.

The result is a standard direct materials cost of $44 per case.

8 0
3 years ago
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