Answer:
No, no revenue is recorded for items shipped FOB destination until those items reach the buyer.
Explanation:
In this scenario the buyer has not received the good so ownership has not transferred hands. According to shipping FOB terms, till the buyer actually recieves the goods they are technically still the property of FY world.
So Wally will not be able to record revenue against this sale. Rather he will still recognise the merchandise as part of the companie's inventory.
When the buyer recieves the goods he can now record the revenue from the sale.
Answer:
31500
Explanation:
Given: Total estimated overhead is $390,000
Estimated direct labor is $260,000.
Now, finding the predetermined overhead rate.
We know, predetermined overhead rate=
⇒Predetermined overhead rate=
∴ Predetermined overhead rate= 1.5
Next, finding the amount of overhead applied to a job which used $21,000 of direct labor.
∴ Amount of overhead applied to a job=
Hence, 31500 is the amount of overhead applied to a job.
Answer:
(B) 34400 units
Explanation:
The formula to compute the break even point is shown below:
= (Fixed costs) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $50 - ($50 × 50%)
= $50 - $25
= $25
And, the fixed cost = $665,000 + $195,000 = $860,000
So, the break even point would be
= ($860,000) ÷ ($25)
= 34,400 units
Answer:
True
Explanation:
Market segments are <u>customer groups, based on common characteristics people within each group share</u>, such as; age, sex, geographic location, race, religion.
The significant increase in the number of green (or environment) conscious consumers make it a legitimate market segment that can be targeted by companies.