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lorasvet [3.4K]
3 years ago
6

The following information is available for Trailblazer, a manufacturer of four-wheel all-terrain vehicles for its first two year

s of operation: 2020 2021 Vehicles produced 1,000 1,400 Vehicles sold 900 1,200 Selling price per unit $1,200 $1,200 Direct material per unit $350 $350 Direct labor per unit $220 $220 Variable manufacturing overhead per unit $40 $40 Fixed manufacturing overhead per year $112,000 $112,000 Variable selling and administrative expense per unit $20 $20 Fixed selling and administrative expense per year $35,000 $35,000 Calculate net income for 2021 using full costing. Net income $enter a net income in dollars 523000
Business
1 answer:
ch4aika [34]3 years ago
8 0

Answer:

$537,000

Explanation:

The computation of net income for 2021 using full costing is shown below:-

Net income = Sales - Cost of goods sold - Selling and administrative expenses

= (1,200 × 1,200) - (((1,200 × (350 + 220 + 20)) + 112,000) - ((1,200 × 20) + 35,000)

= $1,440,000 - $844,000 - $59,000

= $537,000

So, for computing the net income we simply applied the above formula.

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Suppose that Italy and Sweden both produce jeans and stained glass. Italy's opportunity cost of producing a pane of stained glas
Simora [160]

Answer:

The correct answer is option C.

Explanation:

Italy and Sweden both produce jeans and stained glass.

Italy's opportunity cost of producing a pane of stained glass  

= 4 pairs of jeans  

Sweden's opportunity cost of producing a pane of stained glass  

= 10 pairs of jeans

Since Italy has a lower opportunity cost of producing glass, so we can say that it has a comparative advantage in the production of glass.  

Italy's opportunity cost of producing a pair of jeans  

= \frac{1}{4}

= 0.25

Sweden's opportunity cost of producing a pair of jeans  

= \frac{1}{10}

= 0.1

Sweden has a lower opportunity cost in the production of jeans, so it has a comparative advantage in the production of jeans.  

So, Italy will produce and export glass and Sweden will produce and export jeans.  

Both the countries will gain from trade if the trade price lies between their opportunity cost.  

So the trade price will be 8 pairs of jeans per pane of stained glass.  

7 0
3 years ago
A​ $100 deposit today that earns an annual interest rate of​ 10% is worth how much at the end of two​ years? assume all interest
Alexxx [7]
Fv=100×(1+0.1)^(2)=121
6 0
4 years ago
Which of the following inputs is normally considered to be variable in the short run?
Len [333]

Please help me! brainly.com/question/14319457

8 0
3 years ago
Frost Enterprises buys a warehouse for $ 510,000 to use for its East Coast distribution operations. On the date of the​ purchase
12345 [234]

Answer:

$510,000.00

Explanation:

Since the historical cost principle states that business must account and record most assets at their purchase or acquisition price which means the data put into record on the balance sheet would reflect amount paid for asset.

That is why it is $510000.

6 0
4 years ago
The following costs were incurred in July: Direct materials $33,000 Direct labor $28,000 Manufacturing overhead $69,000 Selling
maria [59]

Answer:

Prime cost= $61,000

Explanation:

Giving the following information:

Direct materials $33,000

Direct labor $28,000

<u>The prime costs are the sum of direct material and direct labor.</u>

Prime cost= direct material + direct labor

Prime cost= 33,000 + 28,000

Prime cost= $61,000

7 0
3 years ago
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