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denis-greek [22]
3 years ago
7

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,400 units)

: Direct materials $172,600 Direct labor 232,000 Variable factory overhead 266,700 Fixed factory overhead 90,000 $761,300 Operating expenses: Variable operating expenses $124,000 Fixed operating expenses 47,100 171,100 If 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is
Business
1 answer:
choli [55]3 years ago
6 0

Answer:

The amount of inventory that would be reported on the absorption costing balance sheet is $70,905

Explanation:

In order to Calculate the amount of inventory under absorption Costing  to be reported on the balance sheet, we would have to use the following formula:

amount of inventory under absorption Costing = (Direct materials+Direct labor+Variable factory overhead+ Fixed factory overhead)/ (Production costs units)×units remain unsold

amount of inventory under absorption Costing =($761,300/20,400)×1,900

amount of inventory under absorption Costing = $70,905

The amount of inventory that would be reported on the absorption costing balance sheet is $70,905

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Consumer Goods Corporation sells products that are poorly made. Tina, who has never bought a product from Consumer Goods, files
kolbaska11 [484]

Answer: Tina doesn't have a standing

Explanation:

From the information given in the question, we are told that Consumer Goods Corporation sells products that are poorly made.

We are further told that Tina, who has never bought a product from Consumer Goods, files a suit against the firm alleging that its products are defective.

The firm could ask for dismissal of the suit on the basis that Tina doesn't have a standing. This is because Tina has never bought their goods before and therefore shouldn't be alleging that the product of the company is bad. Assuming Tina has bought their products before, then it'll have been harder for the firm to ask for dismissal.

3 0
3 years ago
A company received $11,000 cash in exchange for 200 shares of the company’s common stock. What would the effect of this transact
MAVERICK [17]

Answer:

B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity

Explanation:

As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:

Total Assets = Total liabilities + Total  stockholder equity

The journal entry is shown below for better understanding:

Cash A/c Dr XXXXX

     To Common stock XXXXX

     To Additional Paid-in capital - in excess of  par XXXXX

(Being cash is received)

So, it would not impact the total liabilities

7 0
2 years ago
Donnie Hilfiger has the following balances in its stockholders' equity accounts on December 31, 2015: Treasury Stock, $400,000;
Nana76 [90]

Answer:

Explanation:

The preparation of the stockholders' equity section of the balance sheet for Donnie Hilfiger as of December 31, 2015 is presented below:

                                                DONNIE HILFIGER

                                                     Balance Sheet

                                         (Stockholders' Equity Section)

                                          As of December 31, 2015

Common stock $350,000

Preferred stock $1,000,000

Additional paid in capital $3,200,000

Total paid in capital $4,550,000

Retained earnings $,1600,000

Total  $6,150,000

Less: Treasury stock - $400,000

Total Stock holders equity $5,750,000

3 0
3 years ago
An appliance repair shop buys and uses about 4,212 fan motors annually. Holding cost is 27 dollars per motor per year, and order
Juli2301 [7.4K]

Answer:

15,251 units

Explanation:

The formula for Economic order quantity is;

EOQ = √2DS/H

Where,

D = Annual demand = 4,212

S = Ordering cost = $177

H = Holding cost = $27/4,212 = $0.00064102564

EOQ = √ 2 × 4,212 × $177 / $0.00064102564

EOQ = √ $1,491,048 / $0.00064102564

EOQ = √232603488.37

EOQ = 15,251 units

4 0
3 years ago
Amila is examining the monthly returns of various stocks. she would like to compare the underlying distributions of the stocks v
Masteriza [31]

An alternative plot for Amila to use is to use a graph to depict the data.

<h3>How to illustrate the information?</h3>

From the information, she is worried that it is difficult to compare the distributions of two stocks that are not next to each other on the plot.

Therefore, a graph can be used to better illustrate the information.

Learn more about graph on:

brainly.com/question/19040584

#SPJ1

8 0
2 years ago
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