A small clothing firm currently produces 50,000 shirts and blouses per month. the costs of its factory, raw materials, and labor are $500,000 per month. if the company is to increase production by 5,000 and that requires additional labor and raw material expense of $100,000, what is the best estimate of costs of the increased production is $100,000.
Most people think you'll make a kajillion dollars and be well on your way to overnight stardom. But the reality is that the profit margins on clothing are notoriously low. According to industry analysts, you're looking at 4-13% profit margins. That means for every $100 you invest, you get $104-$113 back.
Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create an output that is fit for the consumption of a good or product that has value to an end-user or customer.
Learn more about Production here
brainly.com/question/16755022
#SPJ4
Answer:
24.42%
Explanation:
(a) Index on the day immediately before the split (on 1 Jan 2017)
= (114+ 34 + 56 ) / 3
= 204/3 =68
Price of Douglas McDonnel stock just after the split (on 2 Jan 2017)
= 114/3 = $38
New divisor for the index
= (38 + 34 + 56)/68
= 128/68
=1.88
(b) Index on 1 Jan 2017 = 68
Index on 1 Jan 2018 = (41.08+ 48+ 70) / 1.88
= 159.08/1.88
=84.61
Hence:
Rate of return on the index for the year
2017
= (84.61 - 68) / 68 × 100
16.61/68×100
= 24.42%
I had to look for the options and here is my answer.
Some accountants assert that variances should be written off directly to the price of the sold goods, regardless or materiality because product proration would indicates that assets values on the balance sheet consist of the inefficiency costs.
The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.
<h3>What is
adjusting entry ?</h3>
An adjusting journal entry can be described d as the entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.
It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.
Find out more on adjusting entry at :
brainly.com/question/13933471
#SPJ1
B. Understanding what you want!
