Answer: $1,900 less than under absorption costing.
Explanation:
The ending inventory of finished goods under variable costing is the difference in carrying value of ending finished goods inventory.
That is calculated as,
Difference in Carrying Value of Ending Finished Goods Inventory = Unit fixed Manufacturing Overhead * Change in Inventory in Units
The Unit Fixed Manufacturing Overhead as implied is the fixed Manufacturing Overhead per unit
Calculated therefore as,
Unit fixed manufacturing overhead = 129,010 / 6,790
= $19
Now that we have that, we can refer back to thw first formula,
Difference in carrying value of ending finished goods inventory = Unit fixed manufacturing overhead * Change in inventory in units
= 19 × (6,790 - 6,690)
= $1,900
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be $1,900 less than under absorption costing.
Answer:
A
Explanation:
A cartel is when two or more producers of a certain good or service come together to regulate either the price of their good or the quantity of their goods that would be supplied. The producers that come together are usually competitors.
Cartels are usually formed in an Oligopoly.
An Oligopoly is when there are few large firms operating in an industry.
An example of a cartel is The Organization of Petroleum Exporting Countries (OPEC).
In the absence of any legally binding enforcement mechanism, individual cartel producers may find it advantageous to cheat on the agreements and engage in secret price concessions due to the potential of earning a higher profit.
Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.
Explanation: Crisis Stage; at this stage decline is still reversible if the
organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.
Answer:
Cost of goods sold
Explanation:
The cost of goods sold is the cost that is directly incurred for producing the goods that are sold by the organization
Here the formula to compute the cost of goods sold is
Cost of goods sold = beginning balance of raw material + purchase made during the year - ending balance of raw material
Therefore the cost of goods sold is the right answer
Answer:
214,000 trays
Explanation:
Budgeted sales in unit. 205,000
Add: targeted ending inventory 27,000
Total requirements. 232,000
Deduct: beginning inventory (18,000)
Budgeted units to be prod. 214,000