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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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In 2020, the Merkel Company had revenues of $2,600,000 and costs of $2,100,000. During 2021, Merkel will be introducing a new pr
Leona [35]

Answer:

$88,000

Explanation:

We know that

The operating profit = Revenues - cost

                                  = $2,600,000 - $2,100,000

                                  = $500,000

If there is increase, so the operating profit would be

= Revenues - cost

where

Revenues = $2,600,000 + $260,000

                 = $2,860,000

Cost = $2,100,000 + $172,000

        = $2,272,000

So, operating profit is

= $2,860,000 - $2,272,000

= $588,000

So, the increase in operating profit would be

= $588,000 - $500,000

=  $88,000

6 0
3 years ago
A running shoe company wants to reach "avid marathon runners" instead of just "sports fans". which targeting method should this
fiasKO [112]
The correct answer:
Custom affinity audiences

Source, explanation and more answers: https://goo.gl/LkZN6c
3 0
3 years ago
Sheffield Corp. began 2022 with total stockholder’s equity of $1285000, including retained earnings of $928000. During the year,
gogolik [260]

Answer:

what was the company’s revenue for 2022?

$3802000

Explanation:

Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE  

retained Earnings 928000  

begining Equity 1285000  

issued 1262000  

Pid dividens 242000  

 

928000+profit-3500000-242000=988000  

 

Profit=988000-928000+3500000+242000  

 

Revenue=3802000  

5 0
3 years ago
According to the Bureau of Economic​ Analysis, during the recession of 2007minus​2009, household saving as a fraction of disposa
luda_lava [24]

Answer:

A) decrease MPC​, increase MPS​, and decrease the multiplier so that changes in planned investment will have a smaller impact on equilibrium output.

Explanation:

When you receive money, e.g. get paid by your employer, the first thing you do is pay for your basic necessities which are classified as autonomous spending. Then hopefully you will have some money left which is classified as disposable income. You can do two things with your disposable income, either spend it or save it.

The proportion that you spend is called the marginal propensity to consume (MPC) and the remaining part that you save is called the marginal propensity to save (MPS). If the MPS was 1% in 2007 and increased to 5% in 2009, then the MPC was 0.99 in 2007 and 0.95 in 2009.

The formula to calculate the economic multiplier is 1 / MPS:

  • the economic multiplier in 2007 = 1 / 1% = 100
  • the economic multiplier in 2009 = 1 / 5% = 20
6 0
2 years ago
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erastova [34]

Answer:

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For example if a company donates medical equipment to a hospital and instead of medical equipment they buy a car then we would be saying that they would not be taking advantage of resources

4 0
3 years ago
Read 2 more answers
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