Answer:
Unit value would be $24
Explanation:
Lower of cost is the method which is described as where the inventory that should be recorded at the lowest or the net realizable value (NRV). This method is linked with the principle or the guideline of conservatism.
When Ross is applying the method of lower of cost or net realizable value, to the ending inventory, the unit value would the cost per unit that is $24 and the selling price which is to be taken is $9 as it is the lowest.
Answer:
10,463 units
Explanation:
Unit selling price $202
Unit variable cost $108 + 10% (due to wage increase) = $118.80
Total fixed costs $837,000 + 4% (due to wage increase) = $870,480
current break even point = fixed costs / contribution margin = $837,000 / $94 = 8,904.26 ≈ 8,905 units
new break even point = fixed costs / contribution margin = $870,480 / $83.20 = 10,462.5 ≈ 10,463 units
The Michigan Vehicle Code is a law established to handle the registration, titling, sale, transfer, and regulation of certain vehicles in Michigan. The "What every driver must know" booklet is a study guide on basic traffic laws and rules to help new drivers pass their license test.
A firm owned by a single person who has unlimited liability for the firm's debt is called a: sole proprietorship
What is a sole proprietorship?
A sole proprietorship is a one man business where the owners the entire the business, contributes all finances as well as unlimited liability for the debts of the business.
This means that when the assets of the business are not enough to settle its debts, the owners would pay the excess debts from their private account or using their personal assets to settle firm's debts
Find out more about one man business on:brainly.com/question/16055257
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