Answer:
$130000
Explanation:
Given: Sales revenue= $900000.
Variable cost of goods sold= $440000.
Fixed manufacturing cost= $160000
Variable selling and administration expense= $100000.
Fixed selling and administrative expense= $70000.
Now, finding the income from operation for June.
Formula; Income from operation=
⇒ Income from operation=
⇒ Income from operation=
⇒ Income from operation=
∴ Income from operation=
Hence, $130000 is the income from operation for June.
Answer:
a) Record transfer of cost of completed job to Finished Goods.
b) Record transfer of cost of completed job to Finished Goods.
a and b
Debit Credit
Finished goods inventory $10,500
Work-in-process inventory $10,500
c) Record the cost of goods sold.
Debit Credit
Cost of goods sold $10,500
Finished goods inventory $10,500
d) Record sale price of delivered job paid in cash.
Debit Credit
Cash $14,900
Sales $14,900
Explanation:
a and b
Cost in the Work in process is tranferred to the finished goods goods account by debiting the Finished goods account due to its debit nature and crediting the work in process account.
c
On the sales of car the cost is transferred to the cost of goods sold account to reduce the inventory of finished goods value.
d
$14,900 Cash is received against the sale of the car.
Answer:
b. it expects that this will increase sales and profits
Explanation:
Answer:
(C) 72.5
Explanation:
3-month weighted moving average forecast for July is computed as the weighted average of the last 3 months - June, May and April.
July Forecast =
July Forecast = (40%*50)+(30%*100)+(30%*75)
July Forecast = 72.5
Answer:
a. $11,760.
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Cost of asset = $60,000 + $8,000 + $2,800 = $70,800
($78,800 - $12,000) / 5 = $11,760.
I hope my answer helps you