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coldgirl [10]
3 years ago
12

A company that produces a single product had a net operating income of $91,000 using variable costing and a net operating income

of $127,960 using absorption costing. Total fixed manufacturing overhead was $59,160 and production was 11,600 units. This year was the first year of operations. Between the beginning and the end of the year, the inventory level:
Business
1 answer:
ololo11 [35]3 years ago
3 0

Answer:

$7,247.05

Explanation:

The computation of the inventory level is shown below:

But before that first we have to find out the fixed cost per unit which is

=  Total fixed manufacturing overhead ÷ production units

= $59,160 ÷ 11,600 units

= $5.1 per unit

Now the inventory level is by taking the difference of net operating income between two methods

= ($127,960 - $91,000) ÷ ($5.1 per unit)

= $7,247.05

Therefore, the inventory is increased by $7,247.05

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Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p
I am Lyosha [343]

Answer:

See below

Explanation:

Raw materials purchased is computed as;

Raw material purchase = Ending inventory + required for production - beginning inventory

= 50,000 + ((80,000 + 770,000 - 30,000) × 3) - 60,000

= 50,000 + 2,460,000 - 60,000

= 2,450,000 grams

8 0
3 years ago
In its first 10 years a mutual fund produced an average annual return of 20.4420.44​%. Assume that money invested in this fund c
mr Goodwill [35]

Answer:

3.73 years or 4 years approx

Explanation:

The computation of the number of years taken for money invested for double is shown below:

As we know that

Amount = Principal × (1 + interest rate ÷ time period)^interest rate × time period

where,

We assume the principal be P

And, the amount is 2P

And, the other values would remain the same

So,

2P = P (1 + 0.2044 ÷ time period)^ 1  × time period

2 = (1.2044)^ time period

Now take the log both sides

ln2 = ln (1.2044)^time period

ln2 - time period ln (1.2044)

So,

time period = ln(2) ÷ ln (1.2044)

= 3.73 years or 4 years approx

3 0
3 years ago
Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $34, $44, and $54,
Airida [17]

The break even point in composite units is 5000 units.

Break even point

The Break-even point  is calculated by dividing the fixed cost by the contribution margin per unit.

For this sales mix, the contribution margin per unit is the aggregate of each contribution margin. Contribution margin is calculated by subtracting variable cost from the selling price  

Contribution margin  for A is $20- $12 = $8  x 3 units

Contribution margin for B is  $ 30 - $18 = $12 x 2 units

Contribution margin for C is $40 -$24= $16  x 1 unit

Total contribution margin per unit will be

(8 x 3) x (12 x 2 ) x( $16 x 1)= $64

Break-even point = $320,000 /64

Learn more about break even point here :

brainly.com/question/15356272

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7 0
2 years ago
Where do you pay a bill by credit card when the bill was not entered through the enter bills window?
omeli [17]

To pay the bill by credit card when the bill was not entered through the enter bill window -The pay bill windows on the Home window are used to pay a bill by credit card.

Write check window is used to pay sales tax,payroll taxes and when paying bill track with accounts payable.

Credit cards let you borrow money from a bank below the agreement that you will pay off it by way of your bill's due date or incur interest fees.

A credit card is a kind of credit facility, provided through banks that allow customers to borrow finances inside a pre-authorized credit score restriction. It enables clients to make buy transactions on goods and services.

A credit score card loan works like a personal mortgage from a bank, with cash deposited at once into your financial institution account and repaid in month-to-month installments.

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4 0
2 years ago
Nico Corporation has cost of goods sold of $300,000 and inventory of $30,000, then the inventory turnover is ________ and the av
Xelga [282]

Answer:

Invnetory TurnOver   10

Average inventory   36.5

Explanation:

\frac{COGS}{Inventory} = $TO Inventory\\

300,000 / 30,000 = 10

The company sales his inventory 10 times per year

In some cases, we are given with a beginning and ending inventory.

For those, we calculate the average inventory:

(beginning + ending)/2

\frac{365}{Inventory \: TO} =$average age

365/10 = 36.5

The average the inventory age is 36.5 days

365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.

we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.

7 0
3 years ago
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