Sales $ 79,000 $ 65,000 $ 61,000 $ 57,000 $ 50,000 Cost of goods sold 75,900 50,100 49,800 40,200 30,000 Dollar amounts stated a
Natalija [7]
Answer:
This is a two part question and the answer is given in two separate headings.
Explanation:
<u>Trend Percentages</u>
Year 2021 2020 2019 2018
Sales* 58% 30% 22% 14%
Cost of Goods Sold** 153% 67% 66% 34%
*Sales is calculated by dividing the difference (between current Sales and Base Sales Year) by the Base Sale Year 2017 * 100. Example for 2018 the percentage is 14% [(57,000 - 50,000) / 50,000 * 100]. The same way other years have been calculated.
**Cost of Goods Sold has been calculated by dividing the difference (between current Cost of Goods Sold and Base Year Cost of Goods Sold) by the Base Year Cost of Goods Sold 2017 * 100. Example for 2018 the percentage is 14% [(40,200 - 30,000) / 30,000 * 100]. The same way other years have been calculated.
<u>Trends Favourable or Unfavourable</u>
It is noted that the trend is unfavourable for the five-year period. This is because the sales have been increasing but in comparison to the Cost of Goods Sold the rise is fairly slow. As shown in the above table where sales have increased by only 58% since its inception. However, the Cost of Goods Sold has increased rapidly and by the last trending year the rise in comparison to the base year 2017 was by 153%.
Answer:
Cost of goods sold = $6408
Explanation:
given data
beginning inventory = 79 units
cost = $18 per unit
purchased = 485 units
each cost = $18
totaled = 356 units
Sales = $43 each
to find out
cost of goods sold using the LIFO method
solution
we get here Cost of goods sold using LIFO would be here
Cost of goods sold = 356 units @ $18 per unit .................1
Cost of goods sold = 356 × $18
Cost of goods sold = $6408
Answer:
Larger than 1.
Explanation:
A process capability index measures potential for a process to generate defective outputs relative to either upper or lower specification. Its mean is centered between specification limits. It measures a producers capability to produce a product withing customer's tolerance range.
Answer:
B) Land costs; air and rail systems
and
D) Labor cost; proximity to customers
Explanation:
A specific task will likely raise more tax revenue if the
demand curve is inelastic in which the demand is likely to be insensitive in
regards to change and by that, the tax incidence will likely result of being
lowered. The correct answer is letter e.