Answer:
The first step in operating cycle would be to purchase inventory from vendors.
The correct answer is D
Explanation:
The steps involved in operating cycle includes:
1. Purchase of inventory from vendors
2. Sale of goods to customers
3. Recording of sales in accounts
4. Collection of cash from customers
Answer:
a. Total Income=$152,500
Marginal Tax rate = 17.3%
Explanation:
Total Income=Taxable Income+Additional Income = $92,000+$60,500=$152,500
Marginal Tax rate = 17.3%
Answer:
Apportioned joint cost to A=$92,800
Explanation:
<em>Joint costs are the costs incurred up until the split-off where two or more products result from the same production process. These common costs need to be apportioned among the joint products using any of the following basis:</em>
- physical units
- Relative sales value basis.
The relative value basis apportions joint costs using the proportion of product individual sales value to the the total sales value.
Total sales value = (280×4,000) + (100×2,800) =1400000
Apportioned joint cost to A =(1,120,000/1,400,000)× 116,000=92800
Apportioned joint cost to A=$92,800
The problem could most likely be a weak hydraulic brake hose.
A weak hydraulic brake hose could cause a spongy pedal. As the pressure builds in the system, the hose may expand and not relay the pressure to the brake units.
Answer:
the total budgeted manufacturing cost is $292,600
Explanation:
The computation of the total budgeted manufacturing cost is shown below;
Total Budgeted Costs = Fixed Costs + Variable costs
= $12,300 + $292,600
= $304,900
Total Variable costs = Variable Cost Per Unit × Activity Level
= $14 × 20,900
= $292,600
Hence, the total budgeted manufacturing cost is $292,600
