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Rasek [7]
3 years ago
13

Freehan Company’s accounting records has the following information about its inventory:

Business
1 answer:
stealth61 [152]3 years ago
8 0

Answer:

The answer is: $93,150

Explanation:

We can use the following formula to calculate the ending inventory under the average cost method:

  • ending inventory = average cost per unit x number of units in inventory

First we must determine the average cost per unit:

= [(8,000 x $8) + (17,000 x $10) + (15,000 x $12)] / (8,000 + 17,000 + 15,000)

= ($64,000 + $170,000 + $180,000) / 40,000 units = $414,000 / 40,000

= $10.35 per unit

Then we calculate the value of the ending inventory:

ending inventory = $10.35 per unit x 9,000 units = $93,150

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madreJ [45]

Answer:

The selling price is $99

Explanation:

The selling price of the product can be computed by adding required profit margin to the unit cost of the product.The required profit margin is the 10% return on invested assets.

Total variable cost           $59*10000                =$590,000

Fixed expenses ($180,000+$60,000)               =$240,000

desired profit margin(10%*$600,000)                =$60,000

Total sales revenue                                              =$990,0000

price per unit=$990,000/10000=$99

The cost-plus approach to product pricing gives $99

3 0
3 years ago
Sam has contracted with Dave to purchase Dave's racing bike, with payment and delivery of the bicycle to be made 10 days after t
bonufazy [111]

Answer: Immediately seek injunctive relief.

Explanation:

An injunctive relief is an order by the court stopping an action from taking place. From the question, we are told that Sam has contracted with Dave to buy Dave's racing bike, with payment and delivery of the bicycle to be made 10 days after the contract was made.

We are further told that three days later Sam hears that Dave is going to sell the bike to Gene in three days at a higher price. If Sam really wants the bike, he should seek injunctive relief. By doing so, the court will stop Dave from selling the bike to Gene.

3 0
3 years ago
Our company can produce a product that incurs the following costs per unit: direct materials, $10; direct labor, $24, and overhe
kvasek [131]

Answer:

net incremental cost = $ 2.2

Explanation:

Data provided:

Direct material cost = $ 10  per unit

Direct labor cost = $ 24  per unit

Overhead cost = $ 16 per unit

thus,

the total cost of the product = $ 10 + $ 24 + $ 16 = $ 50

Now,

if bought from outside cost = $ 45

Overhead cost if bought from outside = 45% of the overhead cost

= 0.45 × $ 16 = $ 7.2

hence, the total cost if bought from outside = $ 45 + $ 7.2 = $ 52.2

since, the cost of product if bought from outside side is greater than the product is produced by own

therefore, the net incremental cost = $ 52.2 - $ 50 = $ 2.2

3 0
3 years ago
The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to th
weeeeeb [17]

Part of question attached

Answer and Explanation:

Please find answer and explanation attached

5 0
3 years ago
What stipulation on the use of Star Wars did the<br> federal district court include in its ruling?
tankabanditka [31]

Answer:

C.) The interest groups could only use the phrase for non-profit purposes.

Explanation:

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6 0
3 years ago
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