Answer:
The following selected transactions were completed during March of the current year: March 1 Billed customers for fees earned, $54,100. 4 Purchased supplies on account, $1,250. 8 Received cash from customers on account, $43,800. 11 Paid creditors on account, $600.
Explanation:
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Answer:
Finished goods = $85,800
Ending inventory = $5,280
Explanation:
beginning WIP 400 units
$11,080
8000 units started
$80,000
units finished and transferred out = 8,000 + 400 - 600 = 7,800
ending inventory 600 units
80% complete
equivalent units = 7,800 + (600 x 80%) = 8,280
total costs = $91,080
cost per equivalent unit = $91,080 / 8,280 = $11
Finished goods = 7,800 x $11 = $85,800
Ending inventory = 480 x $11 = $5,280
Answer: The small frequent purchases means purchasing small budget goods and services in a short duration.
Explanation:
Advantages of small frequent purchases: It reduces the inventory levels.
Disadvantages of small frequent purchases: It increases the inbound transportation costs.
Using fewer supplier means to fill up the delivery transportation to its capacity of loading so that goods can be delivered at low transportation cost.
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Answer:
$200,000
Explanation:
Selling price per unit = $60.00
Contribution margin per unit = $45.00
Total fixed costs = $150,000
Tax rate = 30%
Contribution margin ratio = Contribution margin ÷ Selling price
= $45 ÷ $60
= 0.75
Hence,
Break-even point =Total Fixed costs ÷ Contribution margin ratio
= 150,000 ÷ 0.75
= $200,000