Answer:
Instructions are below.
Explanation:
Giving the following information:
Units Produced 20,000
Units Sold 17,000
Unit Sales Price $ 240
Full Manufacturing Cost Per Unit $97
<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>
Income statement:
Sales= (17,000*240)= 4,080,000
Cost of goods sold= (17,000*97)= (1,649,000)
Gross profit= 2,431,000
Variable Selling Expenses= (71,000)
Fixed General and Administrative Costs= (88,000)
Net operating income= 2,272,000
Answer:
$15,000
Explanation:
Calculation to determine How much of the casualty loss will be a tax deduction to Zeta, Inc.
Using this formula
Casualty loss tax deduction=Casualty loss-Insurance recovered
Let plug in the formula
Casualty loss tax deduction=$45,000-$30,000
Casualty loss tax deduction=$15,000
Therefore the amount of the casualty loss that will be a tax deduction to Zeta, Inc. is $15,000
Answer:
Forward integration
Explanation:
Forward integration is a type of business strategy in which the business activities should be carried forward for incorporating the complete production of the product i.e. from the raw material to the end manufacturing of the product along with the supply chain and its logistics. In this, the supplier of the raw material should extend the business to the end manufacturing of the product
So as per the given situation, it is a forward integration
Large states felt that they should have more representation in Congress, while small states wanted equal representation with larger ones. ... Each state would be equally represented in the Senate, with two delegates, while representation in the House of Representatives would be based upon population.
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