Answer:
$38,675
Explanation:
sales price per pillow $97.50
total production 2,000 units
total sales 1,750 units
costs:
variable costs $22.10 per unit
fixed manufacturing $13.00 per unit
fixed administrative expenses $19.50 per unit
variable costing assigns only variable costs to inventory and COGS, so the COGS using variable costing = 1,750 units x $22.10 = $38,675
under variable costing, all fixed costs are period costs (fixed manufacturing and fixed administrative).
Answer:
Comparing plan against actual
Explanation:
The process of project monitoring system formation involves determining: type data to collect, how, when, and who will collect the data, how to analyze the data and how to report current progress to management.
Control in project control is the process of comparing the real value or performance against plan to identify deviations, evaluate possible alternative courses of actions e.t.c.
Project control steps for measuring and evaluating project performance includes:
1. Setting a baseline plan
2. Measuring progress and performance
3. Comparing plan against actual
4. Taking action
In Comparing Plan against Actual in control process, it is vital to measure deviations from plan and entails timely monitoring and measuring the status of the project gives ro for comparisons of actual versus expected plans.Taking Action simply if the deviations from plans are significant, corrective approach is used to bring the project back in line with the original plan.
Answer: A Corporation, because she will need financing to get started.
Explanation:
As Annabeth would like to buy a factory to begin making the parts, she would would need a huge cash outlay to get started. By starting a Corporation, she can raise cash easier from the shareholders as well as utilize the knowledge and expertise of others who will join the company to help her in areas she might not be well versed in such as in Accounting or business administration.
Another reason a Corporation would be better is because of the realization of her longer term plans. A Corporation is more likely to expand in the the future which will enable Annabeth realize her dreams of selling to Europe and South America. Indeed, she has a better chance of achieving that sooner rather than later.
Answer:
Present value is $2561.98
Explanation:
Below are the given values in the questions.
Interest rate = 10 %
First-year cash flow = $1000
Second year cash flow = $2000
Now we have to find the present value of these cash flow by using the above values.
The calculation of present value is as follows:
Present Value = cash inflow/(1 + i)^N
Present Value = 1000/(1 + 0.10)^1 + 2000/(1 + 0.10)^2
Present Value = $2,561.98
Answer:
$35,000
Explanation:
Since this is an operating lease (short lease term, no transfer of ownership, and low present value of lease payments), the lessor has to record a depreciation expense, but the lessee only considers lease payments as operating costs (no depreciation expense or lease liability should be recognized).
Depreciation expense per year under the straight line method = asset cost / useful life = $280,000 / 8 years = $35,000