Answer:
$162,000
Explanation:
Income Statement - New Offer
Sales (27,000 x $17) $459,000
Less Variable Costs of the offer :
Variable manufacturing costs (27,000 x $11) ($297,000)
Net Income (Loss) $162,000
therefore,
the amount of income from the acceptance of the offer is $162,000
Answer:
Predetermined manufacturing overhead rate= $29.59 per direct labor hour
Explanation:
Giving the following information:
Total direct labor-hours 15,755
Total overhead:
Labor-related DLHs= $172,482
Product testing tests= $68,909
General factory MHs= $224,825
Total= $466,216
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 466,216/15,755
Predetermined manufacturing overhead rate= $29.59 per direct labor hour
Answer:
National Culture.
Explanation:
National Culture can be understood as a belief, customs, and traditions that are shared among the people of a sovereign nation. This may also include religious backgrounds and traditions, language and racial identity of the individuals. According to Geert Hofstede, National culture is very important while dealing with various cultural issues and processes. Therefore, he has identified national culture as the component of our mental programming, which we share with other citizens around the world. National culture acts as an identity proof as per one's nationality.
Answer:
206,000
Explanation:
Sales = 590000
- CGS = 302000
Gross profit = 288,000
Less Operating Expenses:
Sellings and Admin expenses = 67000
Freight in = 15000
Total Operating expenses = 82000
Operating Income = 206,000
CGS = Beginning inventory + Purchases - Ending Inventory
CGS = 43,000 +302,000 - 43,000 = 302,000
