Answer:
b) $0.40 per unit and $8,000.
Explanation:
The computation of the high-low method, the variable cost per unit and the total fixed costs is given below:-
Total Cost Production Units
April $120,000 280,000
May $74,000 165,000
June $90,900 230,000
Using High Low method
Variable Cost per unit = (High Cost - low Cost) ÷ (High Cost Units - low Cost Units)
= ($120,000 - $74,000) ÷ (280,000 - 165,000
)
= $46,000 ÷ 115,000
= $0.40
Fixed Cost = Total Cost - Variable Cost per unit × Production unit
= $120,000 - $0.40 × 280,000
= $8,000
Answer: revenue fund
Explanation:
The flow of funds simply means utilization of revenues by the issuer. When revenues are collected, the revenues will be deposited at first to a revenue fund.
After then, the revenue will then be applied to the operations and maintenance fund and other necessary funding. Most times, the revenue kept in the revenue fund are used to carry out specific project.
Answer: Identify the alternatives.
Explanation:
Elvin is taking the third decision making step which is to identify alternatives. The first alternative in this case is improving the packaging of his products, while the second is offering price discounts.
Decision making involves all the steps required in knowing that a decision ought to be taken, getting the needed information that would inform that decision, and also analyzing alternate steps that could be taken .
Identifying the alternatives involves finding out the various solutions at ones disposal. Elvin identified two alternatives in this instance.
Answer:
Ending Inventory of finished goods = $22,500
Explanation:
The question is to determine SuperTread's Ending/Closing Inventory of Goods to be reported in the Balance Sheet
First, based on the information give, we work back from the Cost of goods sold until we are able to identify or compute the Ending finished goods.
Formula for Cost of Goods sold = Cost of Manufactured Goods+ Opening Inventory of Finished Goods - the closing inventory of finished goods
Based on the information we compute as follows
$37,500 = $44,500 + $15,5000 - The Closing inventory of finished goods
Therefore, the closing Inventory of finished goods
= $44,500+ $15,500 - $37,500
= $22,500
