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3 years ago

The specific identification method of costing inventories is used when the

Business

2 answers:

Zolol [24]3 years ago

5 0

Answer:

Explanation: The specific identification method of costing inventories is used when finding out the cost of the ending inventory.

This method is used to identify when an item is bought and sold and what items are remaining in the store and how to allocate the cost price of item bought at a particular point in time. This is mainly useful when cal calculating the ending inventory.

Bumek [7]3 years ago

3 0

Answer:

company sells a limited quantity of high-unit cost items

Explanation:

Specific identification is a method of finding out ending inventory cost and requires detailed physical count in order for that company to know how exactly many of each goods that was brought on specific dates remained at year end inventor.

Specific identification inventory valuation can be used when a company sells a limited quantity of high-unit cost items. It is often used for larger items such as furniture or vehicles. It is used for items that usually have widely differing features, and are of limited quality and have high costs associated with it distinguished features.

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pogonyaev

Answer:

$372.59

Explanation:

The amount deducted is 19% of $1,961

=19/100 x $1961

=0.19 x $1961

=$372.59

Amount deducted is $372.59

6 0

2 years ago

Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity 2.5

nydimaria [60]

Answer:

Materials quantity variance = $1,750(U)

Explanation:

Standard quantity(SQ) = $2.5 * 6600 = 16500 Kg

Standard Price( SP) = $5

Actual quantity(AQ) = 16,850 Kg

Actual Price( AP) = $90,720 / 18,900 kg = $4.8

Materials quantity variance = SP * (SQ - AQ)

Materials quantity variance = 5 * ( 16500 - 16,850 )

Materials quantity variance = 5 * (350)

Materials quantity variance = $1,750(U)

7 0

3 years ago

Planning: Assessing Audience Needs [LO-2] For each communication task that follows, write brief answers to three questions: Who

Mice21 [21]

Answer:

a. Audience’s: Appliance producer

Audience’s general mentality towards subject: The apparatus maker must treat this on need, as lawful results are related with it

Audience’s has to know: The objective that has occurred in the installment procedure and the purpose for the postponement

b. Audience’s: Smartphone shoppers and devotees

Audience’s general mentality towards subject: The customers will pay attention to the promotion on the off chance that they have a prerequisite for a cell phone. The general fans will be worried about the one of a kind highlights of the contribution

Audience’s has to know: The highlights offered and the cost at which the item will be accessible

c. Audience’s: Top administration

Audience’s general disposition towards subject: The top administration must be interested to comprehend the target behind the proposition of combining 4 deals locales into 2

Audience’s has to know: The target of the proposition and the advantages that the organization may procure from it

d. Audience’s: Citizens in the area

Audience’s general demeanor towards subject: The individuals needing such administrations will be energized with the decreased rates. The individuals not having any such prerequisite, won't give it much thought

Audience’s has to know: The rate in decrease of cost just as the rundown of administrations offered in that cost

e. Audience’s: Hiring supervisor of organization

Audience’s general mentality towards subject: The enlisting supervisor will show intrigue on the off chance that he has an opportunity for comparable profile

Audience’s has to know: The ranges of abilities and skills of the candidate and the properties, which makes him not the same as the others

f. Audience’: Accounting directors

Audience’s general demeanor towards subject: The bookkeeping supervisors will esteem the correspondence, as it is very basic for their work

Audience’ has to know: The administrations offered by the counseling firm and the value charged by them

8 0

2 years ago

Angie Silva has recently opened The Sandal Shop, a store that specializes in fashionable sandals in Brisbane, Australia. Angie h

Elza [17]

Incremental contribution margin:

$25,000 increased sales x 60% CM ratio $15,000

Incremental fixed salary cost 8,000

Increased net income $7,000.

yes, the position should be converted.

In economics, the margin is profit after deducting expenses, expressed as a percentage. In investing, the margin is the deposit an investor leaves with a broker when borrowing money to buy a security.

The portion of a page or sheet outside the body of a printed product or document. 2: The outer boundary and adjoining surface of something: a ridge at the edge of the continental margin of a forest. 3: Any amount or measure or degree of substitution permitted or granted due to unforeseen circumstances or special circumstances was not subject to error.

Learn more about margin at

brainly.com/question/10218300

#SPJ4

6 0

1 year ago

3-30 Operating leverage. Cover Rugs is holding a 2-week carpet sale at Josh’s Club, a local warehouse store. Cover Rugs plans to

Leni [432]

Answer:

The step by step answer to your problem is given below:

Explanation:

1A) Break even point for option 1:

Sales- Variable cost= Fixed cost

Q* $950-Q*$760= $7410

Q*$190= $7410

Q=$7410/$190

Q= 39 carpets

1B) Breakeven point for Option 2

Sales- variable cost-rent cost= 0

Q*$950- $760*Q- (Q*950*10%)= 0

95Q= 0

Q= 0

2. At what level of revenues will Cover Rugs earn the same operating income under either option?

Operating income under Option 1 = $190Q - $7140

Operating income under Option 2 = $95Q

We have to find Q such that $190Q - $7140 = $95Q

Q=$7410/$95= 78 Carpets

Revenue= $950 x 78 = $74,100

For Q = 78 Carpets, operating income under both option 1 and 2 will be = $7410

a. For what range of unit sales will Cover Rugs prefer Option 1? b. For what range of unit sales will Cover Rugs prefer Option 2?

For Q > 78, say 79 carpets:

Option 1 gives operating income= (190*79) - 7410= $7600

Option 2 gives operating income= 95*79= $7505

So color rugs will prefer Option 1.

For Q < 78, say 77 carpets:

Option 1 gives operating income= (190*77) - 7410= $7220

Option 2 gives operating income= 95*77= $7315

So color rugs will prefer Option 2.

3. Calculate the degree of operating leverage at sales of 65 units for the two rental options.

Operating Leverage= $\frac{Contribution margin}{Operating Income}$

= Contribution margin per unit x Numbers of Carpet Sold= Contribution Margin

Under Option 1,

Contribution Margin per unit= $950-$760=$190,

Operating income= $190*65-$7410= $4940.

Degree of Operating Leverage= $\frac{190*65}{6175}$

=2.5

Under Option 2,

Contribution Margin per unit= $950-$760-$760-0.10*$950=$95,

Operating income= $95x65-$0= $6175.

$\frac{95*65}{6175}$

=1.0

4. Briefly explain and interpret your answer to requirement 3.

The degree of operating leverage helps managers calculate and anticipate the effects of fluctuations in sales on operating income. The calculation in requirement 3 show that when sales are 65 units, a % change in sales and contribution margin will result in 2.5 times that % change in operating income for option 1. But the same % change in Option 2 because there are no fix costs attached in option 2.

6 0

2 years ago