Also need the options please..
Incidental costs sometimes are ignored in inventory costing because Incidental expenses are minor, non-budgeted expenses that are not directly related to primary service and do not arise during the normal course. Incidental cost which include the costs of transportation, meals, and lodging are common when an employee travels for business Inventory costs.
By calculating the most economic order quantity the firm attempts to determine the order size that will minimize the total inventory. Such practice of ignoring the incidental cost is permitted by materiality constraint because such cost will not affect the decisions of the business entity costs.
Materiality constraint means that transactions of little importance should not be recorded. A transaction may be recorded, but its importance and significance should be kept in mind. For example, a newly purchased pencil is an asset of the business. Whenever the pencil is used, a part of the asset is consumed.
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<span>Classical economists felt this way because of the idea of 'interest rate flexibility'. This means that the classical economists believed in the idea that the economy would even itself out, or that the economy was 'self-regulating'. This lends itself to the idea that saving would be equal to investment because it does not take into consideration any shift in the economy.</span>
Since the units can be produced within existing plant capacity, the special order will not increase fixed costs. Let’s identify the relevant data for the decision. First, the variable
manufacturing costs will increase $30000 (15000×2). Second, the expected revenue will increase $37500 (15000×2.5). Thus, will increase its net income by $7500 (37500-30000) by accepting this special order.
Answer: 4,840
Explanation: Analysis reveals that a company had a net increase in cash of $22,310 for the current year.
Therefore,
The year-end cash balance - the beginning cash balance = $22,310
The beginning cash balance = The year-end cash balance - $22,310
The year-end cash balance is $27,150
The beginning cash balance = $27,150 - $22,310 = $4,840
