Answer:
benefits consumers of the product.
Explanation:
Import tariffs are generally put in place to protect domestic producers from foreign producers. Tariffs benefit domestic producers but hurt consumers since they are forced to pay higher prices.
When the import tariffs are withdrawn, the domestic price of the goods should decrease, benefiting consumers.
One for just regular card usage, one for savings and one for emergencies.
Answer:
the Bad debt Expense for the Year is $250
Explanation:
The computation of the bad debt expense is given below:
Bad debt Expense for the Year is
= Current year of Allowance for Doubtful Accounts + Write off in Current Year - Prior year of Allowance for Doubtful Accounts
= $400 + $200 - $350
= $250
Hence, the Bad debt Expense for the Year is $250
Answer:
1,065 U
Explanation:
Materials Price Variance = Actual Quantity Purchased * (Standard Price – Actual Price)Actual Price= Total Cost / Quantity Purchased
= ($27,690 /21,300 )=$ 1.3
=21,300* [$1.25 – $1.3]
=21,300*0.05
=1,065 U
During May, the materials price variance for part XBEZ52 was 1,065 which is Unfavourable because the actual
purchase price is higher than standard.
Answer: $8600
Explanation:
Joint cost allocation:
Product :
Loin chops
Pounds - 3000
Price per pound - $5
ground
Pounds - 10,000
Price per pound - 2.00
ribs
Pounds - 4,000
Price per pound - 4.75
bacon
Pounds - 6,000
Price per pound - 3.50
total joint cost - $43000
Sales cost per product :
Loin chops - 3000 × 5 = $15,000
Ground = 10000 × $2 = $20,000
Ribs - 4000 × $4.75 = $19,000
Bacon - 6000 × $3.50 = $21,000
Loin cost allocation is given by :
Total joint cost × (sales value of Loin chops ÷ Total sales value of all products)
$43,000 × ($15,000 ÷ $(15,000 + 20,000 + 19,000 + 21,000))
$43,000 × ( $15000 ÷ $75000)
$43,000 × 0.2 = $8600
