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Inessa [10]
3 years ago
13

Eric Company has the following information:

Business
1 answer:
Pani-rosa [81]3 years ago
6 0

Answer:

The amount of net revenues for Eric Company is 780,000

Explanation:

Net revenue is the sales (or total revenue) of a company from which returns, discounts, and other items are subtracted from.

Net revenue is calculated by following formula:

Net Revenue = Gross Revenue – Directly Related Selling Expenses (These are: Sales Returns, Sales Discounts....)

Eric Company has the data: Total Revenues 860,000 , Sales Returns and Allowances 50,000 , Sales Discounts 30,000

Net revenues for Eric Company = 860,000 - (50,000 + 30,000) = 860,000 - 80,000 = 780,000

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Answer:

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Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).

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