Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs:

Carrington Corp. uses a periodic system and the LIFO method. Carrington had beginning inventory of 30 units purchased at $120 ea

dimulka [17.4K]

Answer:

the cost of ending inventory is $1,680

Explanation:

The computation of the cost of ending inventory is shown below:

But first determine the ending units

Ending inventory units is

= 30 units + 34 units + 61 units + 160 units -271 units

= 14 units

Now

The Cost of ending inventory is

= 14 units × $120

= $1,680

hence, the cost of ending inventory is $1,680

And, the same is to be considered

5 0

3 years ago

Refer to the table. what is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market

PolarNik [594]

Hello! Sorry this is a little late.

I believe the correct answer to your question is $87.75.

I hope this helps, and have a great rest of your day!

4 0

3 years ago

Read 2 more answers

Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi

shusha [124]

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

6 0

3 years ago

Hamilton believed that, together, his funding and assumption programs would A) gain the monetary and political support of the ri

ICE Princess25 [194]

Answer:

A) gain the monetary and political support of the rich for the federal government.

Explanation:

Hamilton theory was based on supporting the upper class of the citizens. This was to support government as the upper class would do business or great level, and that these citizens when will be given money for there business as debt to be paid back to government, will work harder and will help achieve the economy its targets.

This entire scheme/ strategy will help the federal government to gain success, and achieve a state of better financial viability in the entire economy.

With more opportunities and efforts the economy will better off automatically.

3 0

3 years ago

Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $12.00 per hour. Production of

coldgirl [10]

Answer:

(a) rate variance = $ 5,234, Adverse

(b) time variance = $ 6,360, Favourable

(c) total cost variance = $1,126, Favourable

Explanation:

(a) rate variance,

rate variance = (Standard Rate - Actual Rate) × Actual Hours

=( $12.00- $12.20) × 26,170 hours

= $ 5,234, Adverse

(b) time variance, and

time variance = (Standard Hours - Actual Hours) × Standard Rate

= (26,700 hours - 26,170 hours) × $12.00

= $ 6,360, Favourable

(c) total cost variance

total cost variance = rate variance + time variance

= $ 5,234, Adverse + $ 6,360, Favourable

= $1,126, Favourable

4 0

3 years ago