Answer:
d.$56,000
Explanation:
The computation of the amount of inventory that would be reported on the variable costing balance sheet is shown below:
But before that following calculations need to be done
The total production cost
= Direct material + direct labor + variable factory overhead
= $180,000 + $240,000 + $280,000
= $700,000
Now the production cost per unit is
= $700,000 ÷ 20,000 units
= $35 per unit
Now the amount of inventory is
= 1,600 units × $35 per unit
= $56,000
Answer:
(D) $139,000
Explanation:
The computation of the adjusted cost of goods sold is shown below:
= Beginning balance of finished goods inventory + cost of goods manufactured - ending balance of finished goods inventory - over-applied overhead
= $35,000 + $146,000 - $37,000 - $5,000
= $139,000
The Beginning balance of finished goods inventory + cost of goods manufactured is called cost of goods available for sale.
When a bank holds a minimum amount as reserves as required by law, this is the <u>required reserves. </u>
<h3>What are required reserves?</h3>
These are a certain percentage of every deposit made into a bank that they are to keep as reserves and not loan out.
These reserves are to ensure that the bank still has some money to pay out to depositors even in the event of financial crises. They are also useful in government monetary policy.
Find out more on required reserves at brainly.com/question/26960248.
Answer:
Customer
Explanation:
This innovation is clearly oriented towards fulfilling the customers' wishes. Amazon identified a major drawback in their business model associated with customer satisfaction (lack of instant gratification) and came up with a solution to mitigate it (30-minute delivery).