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serg [7]
3 years ago
13

The campus bookstore sells​ 4,000 sets of graduation regalia each year. Placing an order from their supplier costs​ $25 regardle

ss of order​ quantity, so they usually place a large order​ (a half​ year's supply) at a time. It costs​ $5 per year to hold a cap and gown in​ inventory, primarily insurance costs for the highly flammable material. What is the difference in the total cost if they order at their optimal order quantity compared to their current​ policy?

Business
1 answer:
poizon [28]3 years ago
4 0

Answer:

$4050

Explanation:

Please see attachment

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Answer:

$3200 favorable

Explanation:

We have given range of number of production = 40000 units

So average of number of units =\frac{35000+45000}{2}=40000

Variable cost = $2 per unit

So total variable cost = 40000×$2 = $80000

Fixed overhead = $72000

Budgeted overhead for actual production = Variable overhead +Fixed overhead  = $80000+$72000 = $152000

Actual total overhead cost = $148,800

Total overhead controllable cost variance = Budgeted overhead - Actual overhead

= $152,000 - $148,800 = $3,200 favorable.

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3 years ago
Question 2
Gnesinka [82]

Answer:

Check the explanation

Explanation:

S.no. Date Particulars                                Debit ($)        Credit($)

1. 31.03.2020 Bank A/c Dr                           2800000  

To Equity Share Application A/c Cr                                  2800000

(Being Application Money received on Shares)    

2. 01.04.2020 Equity Share Application A/c2800000  

To Share Capital A/c Cr                                                    2000000

To Share Allotment A/c Cr                                                  800000

(Being allotment made to shareholders)    

3. 01.04.2020 Equity Share Allotment A/c  2000000  

To Equity Share Capital A/c Cr                                           2000000

(Being allotment amount transfer to capital account)    

4. 01.04.2020 Bank A/c Dr                         1200000  

To Equity Share Allotment A/c Cr                                       1200000

(Being Balance allotment amount received)    

5. 01.04.2020 Share Issue Expenses A/c Dr  10000  

To Bank A/c Cr                                                                      10000

(Being Share issue Expenses paid)    

6. 30.06.2020 Bank A/c Dr                           450000  

To Share Capital A/c Cr                                                       450000

(Being Right Share Issued)    

7. 01.10.2020 Bank A/c Dr                            250000  

To Share Capital A/c Cr                                                      250000

(Being Options given to shareholders)    

8. 01.10.2020 Share Expenses A/c Dr.     50000  

To Bank A/c Cr.                                                                    50000

(Being Option cost 50cents per share paid)    

9. 30.11.2020 Interim Dividend A/c Dr     120000  

To Bank A/c Cr                                                                    120000

(Being Interim Dividend Paid)  

3 0
3 years ago
If the price of imports rose, caused by a change in the value
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