Allocated costs of items sold = $10337.48
Allocated costs of remaining inventory = $2268.76
First, calculate how much inventory is actually produced from 2400 lbs of lobsters.
Tails = 2400/100*52 = 1248
Flakes = 2400/100*22 = 528
The value of that inventory is:
Tails = 1248 * $21 = $26208
Flakes = 528 * $14 = $7392
Total = $26208 + $7392 = $33600
<span>Now the percentage of value to distribute costs among.
Tails = 26208 / 33600 = 0.78
Flakes = 1 - 0.78 = 0.22
Cost of inventory
Materials: 2400 * $4.50 = $10800
Labor: $1,800
Total: $10800 + $1800 = </span><span> $<span>12600
Now let's distribute the cost between the tails and flakes:
Tails: 0.78 * $12600 = $9828
Flakes: 0.22 * $12600 = $2772
Now let's calculate the cost per pound of the inventory
Tails: $9828 / 1248 = $7.88/lb
Flakes: $2772 / 528 = $5.25/lb
Of the 1096 lbs of tails sold, that leaves 1248-1096 = 152 lbs in inventory.
Cost of tails sold = 1096 * $7.88 = $8636.48
Cost of remaining tail inventory = 152 * 7.88 = $1197.76
Of the 324 lbs of flakes sold, that leaves 528-324 = 204 lbs in inventory.
</span></span>Cost of flakes sold = 324 * $5.25 = $1701
Cost of remaining flake inventory = 204 * 5.25 = $1071
Allocated costs of items sold = $8636.48+$1701 = $10337.48
Allocated costs of remaining inventory = $1197.76+$1071=$2268.76
Answer:
3.20%
Explanation:
For computing the after tax cost of debt we need to use the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $1,229.24
Future value or Face value = $1,000
PMT = 1,000 × 10% = $100
NPER = 5 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula
1. The pretax cost of debt is 4.74%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 4.74%
% × ( 1 - 0.25)
= 3.20%
Answer:
The answer is "Option c".
Explanation:
The whole teaching requires its principal (StarQuest ltd) to also be held liable for only certain acts unless the agent or worker speaks up which damages or injury. From the above case, Morges' behavior is inaccurate as well as the corporation is responsible for its behavior.
- Parens patriae is indeed a principle that covers State intervention whenever a negligent parent is involved.
- Res ipsa loquitor is indeed a principle which, throughout the absence of evidence, makes misconduct or perhaps an accident as 'negligence.'
- In the fairness doctrine is concerned with both the transmission of contentious news not with the liability of even an undertaking for its conduct.