Answer:
Dollar amount of ending Finished Goods Inventory = $1,073
Explanation:
The first step is to calculate the cost per unit.
Using absorption costing, the cost of one unit is
Cost per unit = direct materials + direct labor + variable manufacturing overhead + fixed manufacturing overhead per unit.
![Cost = 12 + 8 +2 + 7\\Cost = 29](https://tex.z-dn.net/?f=Cost%20%3D%2012%20%2B%208%20%2B2%20%2B%207%5C%5CCost%20%3D%2029)
Now, the number of units left in inventory should be defined
Finished Goods Inventory (FGI) = Beginning Finished Goods Inventory + Units produced - units sold
![FGI = 50 +1200 - 1213\\FGI = 37](https://tex.z-dn.net/?f=FGI%20%3D%2050%20%2B1200%20-%201213%5C%5CFGI%20%3D%2037)
The dollar amount of ending Finished Goods Inventory is FGI multiplied by the cost per unit.
![37*29 = 1,073](https://tex.z-dn.net/?f=37%2A29%20%3D%201%2C073)
Answer:
The correct answer is option B.
Explanation:
The multiplier shows the increase in total production due to change in expenditure.
The change in total expenditure is always greater than the change in expenditure.
This happens because a change in autonomous expenditure leads to grater change in the induced expenditure
Consequently, the value of multiplier is always greater than 1.
Answer:
% in T bills = 18.92%, % in P = 81.08%
Explanation:
Portfolio return = Weighted average return
Return of portfolio P = 0.14*0.6 + 0.10*0.4
Return of portfolio P = 0.124
Let % money in T bills be x
0.11 = 0.05*x + 0.124*(1-x)
0.11 = 0.05x + 0.124 - 0.124x
0.014 = 0.074x
x = 18.92%
Hence, % in T bills = 18.92%, % in P = 81.08%
Answer:
Explanation:
Situation Type Logic
During the audit, a customer with a large A/R balance at year end declares bankruptcy Type 1 Facts were available on balance sheet date
a lawsuit…...thereafter Type 1 Facts were available on balance sheet date
A flood damages….after year end Type 2 Facts were not available on balance sheet date
Conditions that….after the balance sheet date Type 2 Facts were not available on balance sheet date
Additional evidence….balance sheet date Type 1 Facts were available on balance sheet date
Answer:
I would try C packing size.