Answer:
Dallas Boot Corporation
Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than:_________
= $20.
Explanation:
a) Data and Calculations:
Pairs of military combat boots on the bid = 1,000
Direct material $8
Direct labor 6
Variable overhead 3
Variable selling cost (commission) 3
Fixed overhead (allocated) 2
Fixed selling and administrative cost 1
Total cost of production and sales $23
Less commission 3
Total cost per boot $20
b) The bidding price less sales commission will be a price that is greater than $20 per boot. The extra amount per boot will cover the profit expected from the transaction.
Answer:
It gives the child more protection so like say we didn't have seat belts then you got into a car accident then you would fly forward and if you had a seatbelt it wouldn't make you fly forward.
Explanation:
Answer:
the cost that allocated to the start up business is $61,600
Explanation:
The computation of the amount of the cost that allocated to the start up business is given below:
= Manufacturing facility costing × maintaining the overall cost percentage
= $560,000 × 0.11
= $61,600
Hence, the cost that allocated to the start up business is $61,600
We simply applied the above formula so that the amount could come
I think the answer is D.52
Answer: $85,000
Explanation:
Drawings are debited/deducted from the Equity account to reflect that the owner's holdings in the business has reduced.
Profit is added to the Equity account in the form of Retained Earnings.
The closing Balance on Equity is;
Closing Balance = Opening Balance + Profit - Drawings
Profit = Closing Balance - Opening Balance + Drawings
Profit = 175,000 - 120,000 + 30,000
Profit = $85,000
