Answer:
a) $72,000
b) $90,000
c) $90,000
Explanation:
As per the data given in the question,
a) By using variable costing We can calculate the Total cost of finished goods inventory as follows:
= 3,000 units ×($9+$10+$5)
= $72,000
b) By using absorption costing the total cost of finished goods inventory can be calculated as follows:
= 3,000 units ×[ ($9+$10+$5)+($150,000÷25,000)]
= $90,000
c) 3,000 units should be carried in the inventory for external purposes at
= $90,000
Answer:
84.80%
Explanation:
According to the given situation, the computation of the percentage of the variation is shown below:-
The Percentage of the variation is
= R^2 × Percentage
= 0.848 × 100
= 84.80%
Therefore for computing the percentage of the variation we simply applied the above formula.
hence, the percentage of variation is 84.80%
Answer:
Asset and expense accounts appear on the debit side of the trial balance whereas liabilities, capital and income accounts appear on the credit side.
According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.
<h3>What do you mean by Uniform Commercial Code?</h3>
The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.
According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.
Learn more about uniform commercial code here:
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