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babymother [125]
3 years ago
11

Preparing a Cost of Goods Sold Budget

Business
1 answer:
Art [367]3 years ago
4 0

Answer:

Direct Materials      $    14*20,000            = $ 28000

Direct Labor            $  14*1.9* 20,000       = $ 532,000

Variable Overhead  $ 14*1.9*1.2*20,000  = $ 638400

Fixed Overhead $ 14*1.9*1.8*20,000  =  $957600

Total Manufacturing Cost $                = 2156000

Less: Ending Inventory $   107.8*730 = 78649

Cost of Goods Sold                      $2077306

Working:

Total Manufacturing Cost $  per unit      = 2156000/ 20,000= 107.8 $

Ending Inventory $   107.8*730 = 78649

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Which of the following pricing strategies is most likely to lead to long-term financial sustainability?
Serhud [2]

Answer:

Full cost is a pricing strategies which is most likely to lead to long-term financial sustainability

Explanation:

Full cost: It includes all types of cost which includes fixed cost, the variable cost  which is used to compute the total cost per unit . where, fixed cost is that cost which remains same if production level also increases and, the variable cost is that cost which is changes when production level changes.

Marginal cost: It is the cost that is added when extra goods and services are produced.

Direct cost: It is that cost which is directly related to the production level. Example: direct material, direct labor, etc.

Indirect cost: It is that cost which is not related to the production level Example: Overhead cost, security cost, etc.

Variable cost: It is that cost which is changes when production level changes whether increase or decrease.

All other costs other than full cost is not used for long term financial sustainability because full cost includes all types of cost.

Hence, Full cost is a pricing strategies which is most likely to lead to long-term financial sustainability

8 0
3 years ago
LeQuient will be giving a sales presentation to a mixed audience and he wants to find out if the audience members are individual
Hatshy [7]

Answer:

He is likely to conduct a Multicultural

Explanation:

4 0
3 years ago
Read 2 more answers
The inventory subsidiary ledger is used a.to keep track of inventory sold. b.to keep track of proper inventory maximum and minim
Serggg [28]

Answer:

All of these choices are correct

Explanation:

The inventory subsidiary ledger is used to keep track of the true inventory levels all the time in a company and whether inventory goes missing or not, they keep track of every movement of inventory that happens in a company.

6 0
3 years ago
Read 2 more answers
Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
MAVERICK [17]

Answer:

$500 gain and $185 tax

Explanation:

Sale of share = No. of  NQOs × No. of shares  × Selling price per share

                      = 10 × 10 × $20

                      = $2,000

Basis = No. of  NQOs × No. of shares  × share price @$15

         = 10 × 10 × $15

         = $1,500

Gain realised = Sale of share - Basis

                      = $2,000 - $1,500

                      = $500

The tax is calculated as follows:

= Gain realised × marginal tax rate

= $500 × 37%

= $185

4 0
3 years ago
A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30
RUDIKE [14]

Answer:

We have:

Amount of principal = $268,000

Interest payment = $1,522.24

Explanation:

These can be calculated as follows:

Loan principal = Cost of the home * Percentage to borrow = $335,000 * 80% = $268,000

Interest payment = (Loan principal / $1,000) * $5.68 = ($268,000 / $1,000) * $5.68 = 268 * $5.68 = $1,522.24

Therefore, we have:

Amount of principal = $268,000

Interest payment = $1,522.24

5 0
3 years ago
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