Answer:
the minimum acceptable price of this special order is $410.
Explanation:
Minimum acceptable price for the special order is the price that gives a Incremental<em> contribution margin of zero</em> or <em>a price that covers all costs related to supporting the special offer</em>.
Since the company has <em>excess capacity</em>, ignore the fixed costs as these are irrelevant for this decision
Costs to Provide for the Special Offer : Minimum acceptable price
Direct materials $150
Direct labor $60
Manufacturing support $105
Marketing costs $95
Minimum acceptable price $410
Answer:
Total unit cost $8.80
Total Costs Transferred out $730,400
Explanation:
In Process Costing we find the individual unit costs and total costs transferred by multiplying it with the equivalent no of units.
As the units are 100 percent complete the Equivalent units are 83,000 units for both materials and conversion.
Saline Solutions
Weighted-Average Process
Materials in Department S $6.40
<u>Conversion costs Department S $2.40</u>
<u>Total unit cost $8.80</u>
Total No of units 83,000
<u>Total Costs $8.80</u>
<u>Total Cost Transferred Out $730,400 </u>
<u />
Total Costs Transferred to Materials = $ 6.4 * 83,000=$ 531200
Total Costs Transferred to Conversion = $ 2.4 * 83,000=$ 199200
Total Costs Transferred= $ 531200+$ 199200= $ 730400
Answer and Explanation:
For preparing the retained earning statement first we have to determine the net income or net loss which is shown below:
= Service revenue - supplies expense - Maintenance and repairs expense - advertising expense - utilities expense - salaries and wages expense
= $7,800 - $1,100 - $690 - $400 - $210 - $1,500
= $3,900
Now the preparation of the retained earning statement is presented below:
Crane Company
Retained Earnings Statement
For the month of June
Beginning balance $ -
Add: Net income $3,900
Less: Dividends ($1,521)
Ending balance $2,379
Answer: the correct option is D. Risk is eventually transferred to the other party
Explanation: A Partnership is a type of business arrangement in which two or more parties come into an agreement to engage in business together. These parties are known as partners.
Benefits of long-term partnerships include all the options in the question above except transferring risk to the other party, because the risk in partnerships cannot be transferred, risks are shared by all members of the partnership.
Patent, copyright are two.
