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alekssr [168]
3 years ago
11

Mill Corporation had the following unit costs for the recently concluded calendar year: Variable Fixed Manufacturing $8.00 $3.00

Non-manufacturing $2.00 $5.50 Inventory for Mill's sole product totaled 6,000 units on January 1 and 5,200 units on December 31. When compared to variable costing income, Mill's absorption costing income is Select one: g
Business
1 answer:
mylen [45]3 years ago
3 0

Answer:

Lower of $2,400

Explanation:

In this question, we have to compare the total fixed manufacturing cost between the two methods which are shown below:

On January 1

= Number of units × fixed manufacturing cost

= 6,000 units × $3

= $18,000

On December 31

= Number of units × fixed manufacturing cost

= 5,200 units × $3

= $15,600

The difference between these two amounts would be $2,400 ($18,000 - $15,600)

In the variable costing, this cost should not be recognized in the income statement while in absorption costing, this cost should be recognized in the income statement as it is goes to the cost of goods sold as an expense.. So, the net income lower of $2,400

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Alison has all her money invested in two mutual funds, A and B. She knows that there is a 40% chance that fund A will rise in pr
Daniel [21]

Answer:

A. 0.24

Explanation:

From the question ,  

The probability that mutual funds A will rise is 40 % , i.e. , P ( A ) = 0.40  

The second statement given is , the probability of rise in B with A , is 60% , i.e. , P ( B | A )  = 0.6

Therefore , to calculate the probability that both funds will increase is given by P( B n A ) .

Since ,  

P ( B | A ) = P (B n A) / P(A)

Now, putting the respective values -

0.6 = P(B n A) / 0.4

rearranging ,  

P (B n A) = 0.6 * 0.4

P(B n A) = 0.24

probability that both the fund A and fund B will rise in price = 0.24 .

6 0
3 years ago
PLEASE HELP WILL GIVE BRAINLIEST TO CORRECT ANSWER
Lady bird [3.3K]

Its: in favor as stated

3 0
3 years ago
Jeff and Ryan rent a house from Mike and Yolanda Reynolds. They are three months behind in their rent and neighbors have been co
Nady [450]

Answer:

C) Yes, Yolanda is correct. It is illegal for Mike to take such actions. The landlords may serve the tenants with a three-day notice of eviction.

Explanation:

Eviction processes can be relatively simple, by just sending an eviction notice and the tenants voluntarily leaving the property, or they can be very messy and end up in court. But in no case, can the landlord just get into the property and kick the tenants out.

The length of the eviction process also varies depending on the cause, in this case since the tenants already we more than 3 months of rent tht is more than sufficient cause.

If after the 3 day notice Jeff and Ryan still haven't left, then Yolanda and Mike will have to start an eviction lawsuit that usually takes a few weeks (its a speedy process). Since Yolanda and Mike have a reasonable cause for evicting the tenants, the court will probably order and immediate eviction (or maybe give them a week or so).

Then if Jeff and Mike still stay on the property things get messy and the police should force them out.  

5 0
3 years ago
The appropriate journal entry to transfer the cost of completed units from the Work in Process account would involve a credit to
IgorLugansk [536]
Ig a……………………………………….
8 0
3 years ago
Equipment was purchased for $94700 on January 1, 2021. Freight charges amounted to $3800 and there was a cost of $12000 for buil
musickatia [10]

Answer:

$34,200

Explanation:

Step 1 : Cost of Equipment

<em>Cost of Equipment include Purchase Price plus other costs directly incurred to put the asset in location and condition intended for use by management</em>

Cost of Equipment = $110,500

Step 2 : Depreciation

Depreciation = (Cost - Residual Value)/ Useful Life

                       = $17,100

Step 3 : Accumulated Depreciation

Accumulated Depreciation =  $17,100 x 2 = $34,200

Therefore,

the amount of accumulated depreciation at December 31, 2022 is $34,200

3 0
3 years ago
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