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Nutka1998 [239]
3 years ago
12

Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in

ventory 490 $ 2.49 Apr. 20 Purchase 410 2.72 Dunbar sold 600 units of inventory during the month. Ending inventory assuming FIFO would be
Business
1 answer:
Drupady [299]3 years ago
3 0

Answer:

$816

Explanation:

Calculation for Dunbar Incorporated Ending inventory

Formula for Ending inventory units using FIFO method:

Ending inventory units = Beginning balance + Purchase -sales

Leg plug in the formula

490+410 - 600

= 300units

Calculation for Ending inventory

Ending inventory = 300*2.72

= $816

Therefore the Ending inventory assuming FIFO method is use would be $816

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Soccer's World Cup is promoted aggressively to both companies and fans. This is an example of marketing a(n) ________. A. event
Bas_tet [7]

Answer:

a. marketing event

Explanation:

Marketing event -

It refers to the process of marketing , where the goods or services are marketed via some promotional events , is referred to as marketing event .

The method involves organizing and conducting for the promotional purpose .

In this method , there is direct interaction with the representative of the particular brand .

Hence , from the given scenario of the question ,

The correct option is a. marketing event .

7 0
3 years ago
Someone help me please?
laila [671]

Answer:

a) Cost of goods Manufactured = $610,000

b) Cost of sales = $ 580,000

c) Net income = $ 140,000

Explanation:

a)                                       Ferruccio Fashion

                     Schedule of Cost of Goods Manufactured

                             For the Year Ended 12/31/X2

                     Particular                                  $                               $

Direct Materials:

Raw Materials, 1 January                            40,000

Add: Purchase                                     <u>      180,000</u>

Materials available for use                       220,000

Less: Raw materials, 31 December     <u>       25,000</u>

Materials used                                                                            195,000

Direct Labor                                                                              <u> 200,000</u>

Prime Costs                                                                                395,000

Manufacturing Overhead:

Indirect Material                                           11,000

Indirect Labor                                               16,000

Plant Utilities                                                40,000

Depreciation, plant and equipment           60,000

Other                                                     <u>       78,000</u>               <u>   205,000</u>

Total Manufacturing Costs                                                        600,000

Add: Work-in-progress, 1 January                                               40,000

Less: Work-in-progress, 31 December                                   <u>   (30,000)</u>

Cost of goods manufactured                                                    610,000

b)                                   Ferruccio Fashion

                               Schedule of Cost of sales

                             For the Year Ended 12/31/X2

                     Particular                                                $

Finished goods inventory, 1 January                    20,000

Add: Cost of goods manufactured (<em>From a</em>)    <u>    610,000</u>

Goods available for sale                                       630,000

Less: Finished goods inventory, 1 January       <u>   (50,000)</u>

Cost of sales                                                         580,000

Now, this cost of sales will be used to find gross and net profit.

C)                          Ferruccio Fashion

                            Income Statement

                     For the Year Ended 12/31/X2

           Particular                                                 $

Sales Revenue                                              945,000

Less: Cost of sales (<em>From part B</em>)        <u>         580,000</u>

Gross Profit                                                    365,000

Less: Selling and administrative expenses  <u>145,000</u>

Income before income tax                           220,000

Less: Income tax expense                     <u>         80,000</u>

Net Income                                                     140,000

8 0
3 years ago
Comparing Costs of Credit Using Three Calculation Methods. You have been pricing a compact disk player in several stores. Three
Solnce55 [7]

Answer:

Store A = 3.4521

Store B = 2.9589

Store C =  4.4384

Explanation:

Store A charges ADB method

purchase made on 5th first payment on 15th of 100

so from 5th to 15th Average daily balance =300 for 10 days

then from 15th to 4th for remaining 20 days average daily balance = 200

Average Daily Balance = (300*10+200*20)/30

Total finance charge = ADB*(APR*(Days/365))

=300*((0.18)*(10/365))+200*((0.18)*(20/365))

= 1.4795+1.9726=3.4521

Store B

Adjusted Balance Method uses adjusted balance to calculate the charges

Adjusted balance=Starting balance adjusted for credit and debit

Adjusted balance =300-100=200

Financial Charges = 200*(.18*(30/365))=2.9589

Store C

Previous Balance Method the interest is calculated on amount of balance carried from previous billing cycle

Balance Carried = 300

Charges =300*(.18*(30/365))= 4.4384

7 0
3 years ago
Read 2 more answers
Volvo is a well-known quality manufacturer of cars, trucks, and suvs. volvo dealers also provide financing to their customers. t
babymother [125]
I think the correct term to fill in the blank would be mix. A product mix is the all of the products or services lines being offered by a company. The cars, trucks, financing services and the like are all product lines that make up the product mix of Volvo.
8 0
2 years ago
According to the law of increasing opportunity cost,
Alenkinab [10]

Answer:

The correct answer is a. production points outside the production possibility frontier are unattainable

Explanation:

Production possibility frontier graph is attached.

The production possibility frontier shows the possibilities of trade off between two products. The trade off in this frontier use all the resources available. So it is impossible to  reach a point outside the frontier, there are not enough resources.

Download xlsx
7 0
3 years ago
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