Answer:
See explanation section.
Explanation:
December 31, 20Y8 Sales Debit $72,300
Customer Refunds Payable Credit $72,300
Note: Calculation: $12,050,000 × 0.6% = $72,300
(As the customers requested refunds for 0.6% of sales, we have to deduct it from total sales to give refund.)
December 31, 20Y8 Estimated Returns Inventory Debit $53,000
Cost of goods sold Credit $53,000
Note: As the returned products had the cost of sales, we have to give cost of goods sold journal assuming the company used perpetual inventory system.
Answer: for manufacturing total cost is $1387500
For outsourcing total cost is $1380000
It is wiser for the company to outsource and save $7500
Explanation:
Cost for manufacturing 1500 units at $875 per unit is 1500x875
= $1312500
Fixed cost of production is $75000
Total production cost becomes,
1312500 + 75000 = $1387500
Cost for outsourcing;
1500 units at $929 will cost
1500x920 = 1380000
Answer:
a. $45,600
b. $45,296
Explanation:
The computation is shown below:
a. The proceed of the note is always equal to the face amount i.e $45,600
b. After considering the discounted rate, the proceed of the note is
= ($45,600) - ($45,600 × 8% × 30 days ÷ 360 days)
= $45,600 - $304
= $45,296
After considering the discount rate and the issuing days, the proceed of the note could come
Answer:
price $65
Explanation:
given data
total output = 1,000 units per week
Average Price = $70 per unit
Average Variable Cost = $25
Average Cost = $65
solution
we have given average cost is $65
so here firm consider for shutting down in long run price is here $65
because when the firm price go below to $65
then the firm simply exit here industry
so answer is price = $65
