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Naddika [18.5K]
3 years ago
6

During its first year of operation Mazer Manufacturing Company produced 4,500 units of inventory and sold 2,050 units. Mazer inc

urred variable product cost of $3.5 per unit and $5,850 of fixed manufacturing overhead costs. The sales price of the products was $8.5 per unit. Determine the amount of gross margin Mazer would report if the company uses absorption costing. (Do not round intermediate calculations.)
Business
1 answer:
const2013 [10]3 years ago
5 0

Answer:

Gross profit= $7,585

Explanation:

Giving the following information:

Units produced= 4,500 units

Units sold= 2,050 units.

Unitary variable cost= $3.5 per unit

Fixed manufacturing overhead= $5,850

The sales price of the products was $8.5 per unit.

Under the absorption costing method, the fixed manufacturing overhead is part of the product cost. Therefore, the units remaining in inventory have fixed costs incorporated.

Unitary cost= 3.5 + 5,850/4,500= $4.8

Sales= 2,050*8.5= 17,425

Cost of goods sold= 2,050*4.8= (9,840)

Gross profit= $7,585

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At December 31, 2019, Sharon Lee Corporation reported current assets of $343,980 and current liabilities of $196,600. The follow
gtnhenbr [62]

Answer:

1.97 times

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities

Current ratio before any adjustment is shown below:

So, current ratio = $343,980 ÷ 196,600 = 1.75 times

Current ratio after  adjustments are shown below:

Current assets = Before adjustment balance + goods purchased costing - physical count of inventory + freight-in charges

= $343,980 + $20,440 - 11,890 + 3,040

= $355,570

Current liabilities = Before adjustment balance - goods not received

                            = $196,600 - $15,950

                            = $180,650

So, the current ratio would be

= $355,570 ÷ $180,650

= 1.97 times

3 0
3 years ago
The Northern Division of Southwest Clothing Inc. forecasts (has budgeted) the following income statement for the upcoming year:
Alex

Answer:

Operating loss will decrease by $20,000

Explanation:

Operating loss from normal business activities and if the division is not shut down = $150,000.

Operating loss if division is shut down by the management = $130,000 ($480,000 - $350,000) because the management has determined that $350,000 of the $480,000 Fixed Costs shown would be eliminated if that happens.

So, if the Northern Division is shutdown, the Operating loss will decrease by $20,000 (From $150,000 to $130,000)

5 0
3 years ago
A lender estimates that the closing costs on a $293,600 home loan will be $11,010. the actual closing costs were 3.25% of the lo
mestny [16]

The closing cost of the house mortgage is lower than the envisioned by 0.5%.

<h3>What is the closing cost?</h3>

Closing expenses are the prices over and above the property's rate that consumers and dealers generally incur to finish an actual property transaction.

Those expenses may also encompass mortgage origination fees, cut price points, appraisal fees, name searches, name insurance, surveys, taxes, deed recording fees, and credit score file charges.

The lender is required by regulation to expose those expenses in the form of a mortgage estimate within 3 days of a domestic mortgage application.

Gifts of equity (actual property income given to a relative or close pal at a below-marketplace rate) can also incur a few closing cost.

So, from the above announcement, it's clear that alternative D, decreasing by 0.5%, is an appropriate answer.

Learn more about closing cost, refer to:

brainly.com/question/1084194

4 0
2 years ago
You are saving for retirement. To live​ comfortably, you decide you will need to save $ 1million by the time you are 65.Today is
kozerog [31]

Answer:

Monthly pay= 5344.67

Explanation:

Giving the following information:

To live​ comfortably, you decide you will need to save $ 1million by the time you are 65.

Today is your 29th ​birthday, and you​ decide to put the same amount into a savings account. If the interest rate is 8%​.

How much must you set aside each year?

n= 36

i= 0.08

FV= 1,000,000

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

We need to isolate A (monthly pay):

<u>A= (FV*i)/[(1+i)^n-1]</u>

A= (1000000*0.08)/(1.08^36-1)

A= 80000/14.96817184

A= 5344.67

8 0
3 years ago
Why are foreign mnes like ups seeking to invest in india?
jarptica [38.1K]

The foreign MNC's like UPS seeking to invest in India because of the country's market potential, skilled workforce and political stability.

The foreign MNCs are investing in India because of cheaper production costs. India is a critical growth market for logistics giant United Parcels Service (UPS) as it aims to provide the predictable and reliable service to B2B domestic market through its new venture called MOVIN.

India's market potential, skilled workforce and political stability are the three key reasons that make India the favored destination for foreign investment. When compared to other countries India is a relatively cheaper place to conduct business.

Hence, these reasons attracts foreign investors towards India.

To learn more about MNC's here:

brainly.com/question/2846229

#SPJ4

4 0
1 year ago
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