Answer:
$136
Explanation:
Date Transaction Units Cost Total
3 Purchase 5 $20 $100
10 Sale 3
17 Purchase 10 $24 $240
20 Sale 6
23 Sale 3
30 Purchase 10 $30 $300
using the first in, first out method, the COGS is calculated based on the oldest price of the units in merchandise inventory:
6 units were sold on May 20th, 2 of them costed $20 (May 3rd purchase) per unit = $40, while 4 of them costed $24 (May 17th purchase) = $96. Total COGS = $40 + $96 = $136.
Answer:
The cost of ending inventory is $24314.
Explanation:
Under the average cost method, the inventory is valued at the average cost of all the inventory that is available from the start of the month and the purchases made.
The average cost of inventory can be calculated by summing up the total cost of beginning inventory and purchases and dividing it by the total number of units available for sale.
Average cost per unit = [ 480*65 + 720*68 + 360*70 ] / [480 + 720 + 360]
Average cost per unit = 67.538 rounded off to $67.54 per unit
The total inventory available for sale = 480+720+360 = 1560 units
The ending inventory in units = 1560 - 1200 = 360 units
The cost of ending inventory = 360 * 67.54 = $24314.4 rounded off to $24314
Answer:
$10,125 Favorable
Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base
Explanation:
Variable overhead spending variance = Actual Spending - budgeted Spending based on actual quantity
Variable overhead spending variance = (Actual Input x Actual rate) - ( Actual input x Budgeted rate)
Variable overhead spending variance = (10,125 x $29) - ( 10,125 x $30)
Variable overhead spending variance = $293,625 - $303,750
Variable overhead spending variance = $10,125 Favorable
Variable overhead spending variance is
Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base
Answer:
Beta= 1.5
Explanation:
<u>First, we need to calculate the proportional investment of each asset:</u>
Total investment= $100,000
BOA= 30,000/100,000= 0.3
Best Buy= 20,000/100,000= 0.2
Harley-Davidson= 50,000/100,000= 0.5
<u>To calculate the beta of the portfolio, we need to use the following formula:</u>
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)...
Beta= (0.3*1.8) + (0.2*1.05) + (0.5*1.5)
Beta= 1.5
Answer:
"Problem recognition" is the correct answer.
Explanation:
- An empirical investigation has said that the initial phase of the development procedure of the customer and therefore its approach to buying seems to be the acknowledgment of problems that arise when consumers realize that perhaps the problem would also have to be solved.
- This is whenever the customer sees a requirement and is driven to rectify the conflicts.
