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4 years ago

Direct cost is 6.00, labor cost is 3.50

1 answer:

7 0

Answer: 15,000

Explanation:
We sum all the product cost part: 6+3.5+1.5+4=15

We process to multiply the total unit cost by total units produces

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California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2021. In preparing its insuran

Alekssandra [29.7K]

Answer:

The answer is: $395,000

Explanation:

To calculate the May 1 inventory we have to determine the cost of all goods available for sale:

goods available for sale = beginning inventory + net purchases

goods available for sale = $300,000 + $875,000 = $1,175,000

Then we must determine the cost of goods sold:

COGS = net sales - (net sales x gross profit margin)

COGS = $1,300,000 - ($1,300,000 x 40%) = $1,300,000 - $520,000 = $780,000

Finally to calculate the May 1 inventory:

May 1 inventory = goods available for sale - COGS = $1,175,000 - $780,000 = $395,000

6 0

4 years ago

Which of the following is an example of a rational motive?

MissTica

D I think, because Kim is buying the stove so she can cook

7 0

3 years ago

Need the answer 34 points

Paul [167]

Answer:

I believe the answer would be C

Explanation:

A conflict of interest is a situation where an individual has competing interests or loyalties. In the example given in C, the employee is supposed to be loyal to the company but appears to be taking advantage of it.

3 0

3 years ago

Read 2 more answers

You’re thinking of buying one of two firms. One has a profit margin of $4 per unit; the other has a profit margin of $10 per uni

steposvetlana [31]

There is not enough information to determine which firm to buy.

Answer: Option C

Explanation:

In the question above, only the profit margin of both the firms are given, but only on these basis, it cannot be decided which firm to be bought. A lot of other things are to be kept in mind while taking into consideration the decision of buying a fir.

Even if both the firms are working in the equilibrium condition which is the condition of MR = MC, then also it can not be decided, which one firm to buy.

4 0

3 years ago

Stylon Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10,

Ber [7]

Answer:

Dr. Inventory..................13,000

Cr. Accounts Payable...............13,000

Explanation:

Stylon Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30 using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $2,100, receiving a credit memo.

a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank.

Dr. Inventory..................13,000

Cr. Accounts Payable...............13,000

b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry, leave it blank.

Dr. Accounts Payable........2.100

Cr. Inventory...................................2,100

c. Journalize Stylon's entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.

In this case there will be discount credited to the inventory account

Dr. Accounts Payable.....(13000-2100)....10,900

Cr. Inventory................................................................109

Cr. Cash....................................................................10,791

d. Journalize Stylon's entry to record the payment beyond the discount period of 10 days.

In this case there will be no discount credited to the inventory account

Dr. Accounts Payable.....(13000-2100)....10,900

Cr. Cash....................................................................10,900

7 0

3 years ago