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Inessa [10]
3 years ago
13

What is the unit cost per tire when 4,000 tires are produced?

Business
1 answer:
Papessa [141]3 years ago
7 0

Answer: $76

Explanation:

If Blue Wagon sells everything it produces, this means that the capacity of the factory is underutilised and so more goods can be produced.

The fixed cost for producing 3,000 tires will therefore be the fixed costs for producing 4,000 tires.

= 20 * 3,000

= $60,000

Total cost when 4,000 tires are produced is;

= Variable costs + fixed costs

= (38 * 4,000) + ( 14 * 4,000) + ( 9 * 4,000) + 60,000

= 152,000 + 56,000 + 36,000 + 60,000

= $304,000

Cost per tire;

= 304,000/4,000

= $76

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Based on the details given by LCD Industries such as the amount of the note and the interest rate, the journal entries are:

Date               Account title                         Debit                       Credit

Nov. 1 2021    Inventory                       $24,000,000

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Nov. 30, 2021 Interest expense                $240,000

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<h3>What are the journal entries?</h3>

Inventory will be debited with the payment amount of $24 million. This amount will also be credited to the Note payable account.

The interest expense will be:

= 24,000,000 x 12% x 1/12 months

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Cash payment:

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<h3>What is the amount of interest to be reported in the income statement?</h3>

= Interest expense in November + (Note amount - note payable for November ) x 1%

= 260,000 + (24,000,000 - 1,892,366.66) x 1%

= $481,076.33

Find out more on notes payable at brainly.com/question/25148915.

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Saran Company has contacted Crane with an offer to sell it 5,100 of the wickets for $16 each. If Crane makes the wickets, variab
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Crane should buy the wicket as it result in saving of $ 1100 ($86,700 - $81,600).

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Answer:

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