Answer:
The computations are shown below:
Explanation:
a. Goods available for sale is
= beginning inventory + net purchase
= $11,000 + $13,500
= $24,500
The cost of goods sold is
= Goods available for sale - ending inventory
= $24,500 - $6,600
= $17,900
The gross profit is
= Net sales - cost of goods sold
= $21,500 - $17,900
= $3,600
b. For Krug service company, the net income is
= revenue - expenses
= $26,000 - $9,700
= $16,300
For Kleiner Merchandising Company, it is
= Gross profit - expenses
= $3,600 - $2,050
= $1,550
b. buy enough of the two goods such that the marginal utility from the last dinner consumed is four times greater than the marginal utility from the last video.
This is because they are paying 4 times as much for the dinner so should get 4 times the utility from it.
Answer:
$17,688 unfavorable
Explanation:
The computation of the variable efficiency variance is shown below:
Variable efficiency variance = (Actual hours - standard hours) × standard rate
= (2,700 hours - 200 units × 6.8 hours) × $13.20
= (2,700 hours - 1,360 hours) × $13.20
= 1,340 hours × $13.20
= $17,688 unfavorable
Since the actual hours is more than the standard hours so it would leads to unfavorable variance
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It is a important terms that highly executed in business world. Think you want to buy something from another company but you don't know about that product. It means you are ignoring the fact that your money is under a good deal or bad. you have no interest about your money. but you are doing business for the money. so that you need that adequate information for that product. nothing else...</span>
