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TEA [102]
4 years ago
12

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp

any produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $937. Selected data for the company’s operations last year follow:
Units in beginning inventory 0
Units produced 11,000
Units sold 8,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $ 250
Direct labor $ 440
Variable manufacturing overhead $ 55
Variable selling and administrative $ 15
Fixed costs:
Fixed manufacturing overhead $ 900,000
Fixed selling and administrative $ 690,000


Required:
1.
Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.

2.
Assume that the company uses variable costing. Compute the unit product cost for one gamelan.
Business
1 answer:
evablogger [386]4 years ago
6 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Units produced 11,000

Variable costs per unit:

Direct materials $ 250

Direct labor $ 440

Variable manufacturing overhead $ 55

Fixed costs:

Fixed manufacturing overhead $ 900,000

<u>The difference between absorption and variable costing is that the last one includes the fixed manufacturing overhead in its product costs.</u>

<u></u>

1) Absorption costing:

Unitary fixed manufacturing overhead= 900,000/11,000= $81.82

Unit product cost= 250 + 440 + (55+81.82)= $826.82

2) Variable costing:

Unit product cost= 250 + 440 + 55= $745

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Answer:

$18,000

Explanation:

Calculation to determine what The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:.

Using this formula

Intra-Entity Gross Profit =(Transfer Price × Percentage of Bernard's GP) × Intra-Entity Transfers Remaining in Ending Inventory

Let plug in the formula

Intra-Entity Gross Profit=($150,000×30% )×40%

Intra-Entity Gross Profit=$45,000×40%

Intra-Entity Gross Profit=$18,000

Therefore The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:$18,000

6 0
3 years ago
Mary, a real estate agent, buys for herself a property that her principal, Karen, wanted to buy. If Mary is aware that Karen wan
irakobra [83]

Answer: C. grant Mary the legal rights for the property.

Explanation:

Agents are not to use the knowledge that their principal paid them to acquire or that they acquired for the use of their principal for themselves.

If Mary bought a property knowing that Karen wanted to buy that property, the Court will award the title to Karen because Mary has violated her duty not to use knowledge of information intended for her principal for her own benefit.

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3 years ago
What is an incentive
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A thing that motivates or encourages someone to do something
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3 years ago
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Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu
Alex

Answer:

D, product-communication adaptation

Explanation:

Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.

Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.

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3 years ago
Which of the following elements of the marketing communications mix refers to any paid form of nonpersonal presentation and prom
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Answer:

A. Advertising.

Explanation:

Advertising is an elements of the marketing communications mix refers to any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor via print, broadcast, network, electronic, and display media.

In other words, it is a means of promoting products or services of the sponsors.

Advertising is also a means of increasing the sales or consumption of goods and services by the sponsors through the product image, otherwise termed as "brand" with specific characteristics in the minds of the consumers.

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3 years ago
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