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4 years ago

Comet Company accumulated the following account information for the year:

Business

1 answer:

Nuetrik [128]4 years ago

7 0

Answer:

$9,200

Explanation:

The computation of the total factory overhead cost is shown below:

= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment

where,

Indirect materials cost is $1,800

Indirect labor cost is $4,800

And, the Maintenance of factory equipment is $2,600

So, the total factory overhead cost is

= $1,800 + $4,800 + $2,600

= $9,200

As we know that the factory overhead records all the indirect cost related to the factory and the same is to be considered

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Shtirlitz [24]

Answer:

Jeremy should consider hiring an experienced and creative marketing team. Every product is brought into the market through the efforts of the market team. It is the responsibility of the sales and marketing team to carry out market analysis and come with creative ideas to reach the target market.

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3 years ago

Several years ago, Apple purchased, cool headphone maker Beats. Apple continues to sell Beats headphones that work with non-appl

aleksandrvk [35]

Answer:

Apple has lower costs in headphone production because it has larger production scale.

Explanation:

There is no available option. Please consider the given above.

If Apple has lower production cost then the acquisition is not justified.

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3 years ago

Suppose you sell a fixed asset for $115,000 when it's book value is $135,000. If your company's marginal tax rate is 39%, what w

Lena [83]

Answer:

$122,800

Explanation:

For computing the after-tax cash flow, first we have to determine the loss on sale a fixed asset which is shown below:

Loss on sale of the fixed asset would be

= Selling Price - Book Value

= $115,000 - $135,000

= -$20,000

And the tax rate is 39%

So the tax credit would be

= $20,000 × 39%

= $7,800

Now the after-tax cash flow of this sale would be

= Sale price + tax credit

= $115,000 + $7,800

= $122,800

4 0

4 years ago

The changes in account balances for Elder Company for 2018 are as follows: Assets $ 680,000 debit Common stock 350,000 credit Li

hammer [34]

Answer:

Net income will be $160000

So option (c) will be the correct answer

Explanation:

We have given debt common stock = $680000

Credit liabilities = 350000

Credit paid in capital = 190000

And excess of par 30,000 credit Assuming the only changes in retained earnings

So 680000 = 350000+190000+30000+ retained earning

So retained earning = $110000

Dividend paid = $50000

So net income = dividend paid + retained earning = $110000+$50000 = $160000

So option (c) will be the correct answer

4 0

3 years ago

All I’m Saying Corporation produces and sells a single product. Data concerning that product appear below: Selling price per uni

dexar [7]

Answer:

Break-even point in units= 12,769 units

Explanation:

Giving the following information:

Selling price per unit= $170

Variable expenses per unit= $81.10

Fixed expense per month= $997,920

Monthly target profit of $137,240

To determine the number of units to be sold, we need to use the break-even point in units formula. We need to add the desired profit.

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (997,920 + 137,240) / (170 - 81.1)

Break-even point in units= 12,769 units

4 0

3 years ago