Answer: Stand alone principle
Explanation:
Stand alone principle is the principle that is used by a company to decide whether or not to engage in a project based on the profitability of identical projects that has the same risk. Stand alone principle allows firms to evaluate a project based solely on the incremental cash flows of a firm that is related to the project.
Without stand-alone principle, the project evaluation for a firm would require the forecast of all of the firm’s cash flows.
The Carlson Auto Dealers Inc.'s 2021 cost of ending inventory is $252,000 based on the <em>specific identification inventory method.</em>
2. The Carlson Auto Dealers Inc.'s Cost of Goods Sold for 2021 is $729,300 using the <em>specific identification inventory method.</em>
Data and Calculations:
Beginning Inventory of cars:
Car ID Cost
203 $78,000
207 78,000
210 81,000
Total = $237,000
Cost of Ending Inventory:
Car ID Cost
213 79,500 not sold
216 82,500 not sold
219 90,000 not sold
Total $252,000
Cost of Goods Sold:
Car ID Cost
203 $78,000
207 78,000
210 81,000
211 78,000
212 78,000
214 81,000
215 84,000
217 87,000
218 84,300
Total Cost = $729,300
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Answer:
III and IV
Explanation:
As if the greatest the number of years for maturity, the chances of the risk is high also the long term bonds contains the high rate of interest as compared with the medium or short term bonds
Also if the fund replace with the medium to long term so the rate of interest could be highly charged that earned more income also if the rate of interest is increased the yield also increased
So based on the given option, the third and fourth option is correct
<u>C) </u><u>Actual direct materials and direct labor costs are traced to products, but estimated overhead costs are assigned using predetermined rates.</u>
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<h3><u>What Are the Normal Costs?</u></h3>
The cost of a product is determined using standard costing. This method includes a standard overhead rate and actual direct costs applied to a product. It includes the actual cost of labor, materials, and a standard overhead rate that is calculated based on the product's actual consumption of the allocation base in question (such as direct labor hours or machine time).
You can prorate the difference between the cost of goods sold and inventory if there is a discrepancy between the standard overhead cost and the actual overhead cost, or you can charge the difference to the cost of goods sold (for lesser discrepancies).
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