Answer:
$99,600
Explanation:
If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...
$91,800 + $7,800 = $99,600
The correct net income for 2022 is $99,600
<span>This question is actually false. The type of contract described is actually a Sale or Return. When negotiating a Sale or Return, it is useful to define a period in which the goods will be returned if they are not satisfactory. It is also useful to have a requirement that the goods be returned unaltered and undamaged.</span>
Answer:
Estimated indirect costs allocation rate= $14 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours= 23,000
Estimated indirect costs= $322,000.
To calculate the allocation rate, we need to use the following formula:
Estimated indirect costs allocation rate= total estimated indirect costs for the period/ total amount of allocation base
Estimated indirect costs allocation rate= 322,000/23,000
Estimated indirect costs allocation rate= $14 per direct labor hour
Answer:
The costs incurred by the company is the same as the costs of good sold of the company-MNM&Co ,last year.
The costs of good sold=$830,556.01
Explanation:
The detailed computation is found in the excel file attached.
Answer:
in order to minimize net cost, the firm needs to remove 2.5 pounds of x (reduction in sulfur) and 1 pound of y ( reduction in lead) each day
Explanation:
Given that;
Subsidiary = 500x + 100y
The Net cost C will be:
For Critical point 
; by differentiating with respect to x alone;
For Critical point 
; by differentiating with respect to y alone;
For minimum cost = 0
200x - 500 = 0
200x = 500
x = 500/2
x = 5/2
x = 2.5
For minimum cost = 0
100y - 100 = 0
100 y = 100
y = 1
Hence; in order to minimize net cost, the firm needs to remove 2.5 pounds of x (reduction in sulfur) and 1 pound of y ( reduction in lead) each day
