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3 years ago

Gusler Corporation makes one product and has provided the following information:

Business

1 answer:

Gre4nikov [31]3 years ago

8 0

Answer:

$807,500

Explanation:

First determine the cost per unit (U) as a function of cost of materials (M):

M = 2 * $2.00 = $4.00

And cost of labor and overhead (L):

L = 2.7*($20.00+$10.00)

L= $81.00

Total cost per unit is:

U = M + L = $4.00+ $81.00

U = $85.00

The estimate cost of goods sold for the month of May (C) is the product of the cost per unit by the number of units sold during the month (9,500):

C= $85.00*9,500

C= $807,500

Therefore, the estimated cost of goods sold for May is closest to $807,500

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Eric's Used Book Store prepares its financial statements in accordance with IFRS. Inventory was purchased for €6 million and lat

andrew-mc [135]

Answer:

€6 million

Explanation:

As we know that

According to the International Financial Reporting Standards, if the net realizable value of the inventory increases then the written down of reversal value is required

And according to the GAAP, the inventory should be valued at lower of cost or net realizable value

So in the given case, the inventory is purchased at €6 million and now it is estimated value is €7 million so the lower value i.e €6 million should be reported on the balance sheet.

4 0

3 years ago

Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity 2.5

nydimaria [60]

Answer:

Materials quantity variance = $1,750(U)

Explanation:

Standard quantity(SQ) = $2.5 * 6600 = 16500 Kg

Standard Price( SP) = $5

Actual quantity(AQ) = 16,850 Kg

Actual Price( AP) = $90,720 / 18,900 kg = $4.8

Materials quantity variance = SP * (SQ - AQ)

Materials quantity variance = 5 * ( 16500 - 16,850 )

Materials quantity variance = 5 * (350)

Materials quantity variance = $1,750(U)

7 0

3 years ago

In some developing countries, children work in factories when they are 8 or 9 years old. The United States has strict child labo

Katena32 [7]

Answer:

b. They reflect the laws and regulations that affect social and economic behavior.

Explanation:

Morals are not universal and vary greatly depending on the underlying culture and religion. Even still in each civilization, there are many grey areas in the concept of morals. One thing that seems to be constant is that they reflect the laws and regulations that affect social and economic behavior. In this scenario, some developing countries believe that using children as a cheaper form of labor is fine since the children are getting paid and therefore, there are no laws prohibiting this action so people see it as morally correct. While other countries that see it as morally wrong have laws and regulations to prevent people from performing such actions. These laws and regulations are a form of dictating social and economic behavior by stating that it is morally wrong.

3 0

3 years ago

cyber security systems had sales of 3,700 units at $75 per unit last year. the marketing projects of a 10 percent increase in un

jasenka [17]

Answer:

$393,162

Explanation:

Units sold last year were 3,700

the projection for this year is an increase of 10% in volume.

projected units sales for this year will be

=110% of 3,700

=1.1 x 3,700

=4,070 units

The selling price last year was $75.

projected price this year is an increase by 40%

price for this year will be 140% of $75

=140/100 x $75

=1.4 x $75

=$105

Projected sales in dollar will be sales volume x selling price

= 4070units x $105

=$427,350

Purchase return = 8% of projected sales in dollars

=8/100 x $427,350

=34,188

Net projected sales

= $427,350 - $34,188

=$393,162

6 0

3 years ago

Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $40,000. Budgeted cash receipts to

Roman55 [17]

Answer:

Cash borrow = $15,500.

Explanation:

Given,

The company budgeted ending cash balance is $61,500.

We know,

Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow

Given,

Budgeted ending cash balance = $61,500.

Budgeted beginning cash balance = $40,000.

Budgeted cash receipts = $121,000

Budgeted cash disbursements = $115,000.

Budgeted cash borrow = ?

Putting the values into the formula, we can get

$61,500 = $40,000 + $121,000 - $115,000 + Cash borrow

Or, $61,500 - ($40,000 + $121,000 - $115,000) = Cash borrow

Or, $61,500 - $40,000 - $121,000 + $115,000 = Cash borrow

Or, $176,500 - $161,000

Or, $15,500 = Cash borrow

Or, Cash borrow = $15,500.

Therefore, cash borrow for March is $15,500.

7 0

3 years ago