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Answer:
$403,000
Explanation:
Calculation for what The unadjusted Cost of Goods Sold for the year was:
Finished goods inventory, 1/1 38,000
Add: Cost of goods manufactured 415,000
Goods available for sale 453,000
(38,000+415,000)
Less Finished goods inventory, 12/31 50,000
Unadjusted Cost of goods sold $403,000
(453,000-50,000)
Therefore The unadjusted Cost of Goods Sold for the year was:$403,000
A firm's <u>operating breakeven</u><u> point</u> is the level of sales necessary to cover all operating costs.
More about operating breakeven point:
The point at which sales revenue equals all fixed and variable costs while producing no profit for the company is known as the operating breakeven point. A fixed cost is a cost that a company incurs regardless of how many units are produced.
Fixed costs include things like rent, insurance, and interest payments. On the other hand, a variable cost is a cost that varies according on the amount of output. Variable expenses include, for example, labor and raw materials.
Learn more about operating breakeven point here:
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Complete Question:
A firm's ________ is the level of sales necessary to cover all operating costs, i.e., the point at which EBIT equals zero.
A) cash breakeven point
B) financial breakeven point
C) operating breakeven point
D) total breakeven point
Answer:
Total loss= $4,745
Explanation:
Giving the following information:
Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during the current year. Assuming a 35% tax rate.
Loss= 7,300
Tax savings= (7,300*0.35)= (2,555)
Total loss= $4,745
Answer:
the number of units to be produced is 214,800 units
Explanation:
The computation of the number of units to be produced is given below;
= Budgeted units sales + required ending inventory - opening inventory
= 204,000 units + (240,000 units × 30%) - 61,200 units
= 204,000 units + 72,000 units - 61,200 units
= 214,800 units
Hence, the number of units to be produced is 214,800 units
We simply applied the above formula so that the correct units could come
