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3 years ago

The manufacturing cost of Calico Industries for three months of the year are provided below:

Business

1 answer:

frosja888 [35]3 years ago

7 0

Answer:

a.$0.23 per unit and $48,773

Explanation:

The computation of the variable cost per unit and the total fixed costs variable cost per unit and the total fixed costs using the high-low method is shown below:

Variable cost per unit = (High total cost - low total cost) ÷ (High production units - low production units)

= ($114,300 - $87,100) ÷ (284,900 units - 168,100)

= $27,200 ÷ 116,800 units

= $0.23 per unit

Now the fixed cost equal to

= High total cost - (High production units × Variable cost per unit)

= $114,300 - ( 284,900 units × $0.23)

= $114,300 - $65,527

= $48,773

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The answer to the following question:

One way yo u can grow as an employee is seek _____wich can both positive or negative information about your performance.

is:

evaluation/feedback

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2 years ago

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The motive of an intimate homicide is almost always anger/revenge or profit. True or False?

tester [92]

Answer: True

Explanation: An intimate homicide is a fatally violent attacked caused by someone who is in a deeply personal relationship with the victim. It is important to note that this can be a current relationship or a past one. The main motives of this type of murder are usually because of anger for whatever they feel the victim has done or made them feel, as revenge on the victim because they believe the victim has wronged them, or for some form of profitable gains such as claiming the victim's life insurance.

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3 years ago

Lacey Company prepared the tabulation below at December 31, 2022. Net Income $310,000

valentinak56 [21]

Answer:

Net cash provided by operating activities is $325,000.

Explanation:

Lacey Company

Cash Flow Statement (Operating Activities Only)

December 31, 2022.

Details Amount ($)

Net Income 310,000

Depreciation expense 45,000

Increase in accounts receivable (55,000)

Decrease in inventory 12,000

Increase in accounts payable 6,000

Increase in prepaid expenses (4,000)

Decrease in income taxes payable 3,500

Gain on disposal of land 7,500

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3 years ago

On September 1, 2020, Vaughn Manufacturing issued a note payable to National Bank in the amount of $1440000, bearing interest at

Vilka [71]

Answer:

$28,800

Explanation:

I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.

accrued interests from September to December = principal x (9%/12) x 4 months

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accrued interest payable = $960,000 x 0.75% x 4 = $28,800

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3 years ago

Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning

spayn [35]

Answer and Explanation:

The computation is shown below

1. The adjusted balance in the retained earning is shown below:

= beginning balance of retained earning + adjusted net income

where,

beginning balance of retained earning is $860,000

And, the adjusted net income is

= $68,000 × (1 - 0.35)

= $44,200

So, the adjusted balance in the retained earning is

= $860,000 + $44,200

= $904,200

2. Now the journal entry is

Inventory $68,000

To Retained earning $44,200

To Tax payable $23,800 ($68,000 × 35%)

(Being the adjustment of ending inventory is recorded)

It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited

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3 years ago