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yan [13]
3 years ago
15

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchand

ise inventory was $15,600 and its ending merchandise inventory was $28,800. What was the total amount of the company's merchandise purchases for the month
Business
1 answer:
Leya [2.2K]3 years ago
3 0

Answer:

$82,400

Explanation:

Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.

$69,200 = $15,600 + purchases - $28,800

Purchases = $82,400

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Price discrimination Question 29 options:
REY [17]

Answer:

The answer is A) is a type of nonuniform pricing.

Explanation:

Price discrimination is the pricing methodology where supplier will put different price toward different customers/ groups of customer based on the supplier's understanding of that customers/ groups of customer on how much they want to spend on supplier's products.

The strategy because different group of customer will have different demand, price sensitivity and different use thus valuation to a product ( thus C as not correct).

D is not correct because Law is less likely to intervene civil transactions.

B is not correct because producers does not have to make any tradeoff in price setting under this strategy; insteade, they set price based on their understanding of customers.

7 0
3 years ago
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturin
PIT_PIT [208]

Answer:

Predetermined manufacturing overhead rate= $11.15 per machine hour

Explanation:

Molding Fabrication Total

Estimated total machine-hours used 2,500 1,500 4,000

Estimated total fixed manufacturing overhead $ 14,000 $ 17,400 $ 31,400

Estimated variable manufacturing overhead per machine-hour $ 3.00 $ 3.80

<u>To calculate a single plantwide predetermined overhead rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= $31,400

Total variable overhead= (3*2,500) + (3.8*1,500)= $13,200

Total Machine hours= 4,000

Predetermined manufacturing overhead rate= (31,400 + 13,200) / 4,000

Predetermined manufacturing overhead rate= $11.15 per machine hour

8 0
3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
mixer [17]

Answer:

$3,120 U

$480 U

$2,640 U

$142 F

$262 F

$120 U

Explanation:

As per the data given in the question,

Total material variance = Actual cost - Standard cost

= $6,240 - (260 × 5 × 2.4)

= $3,120 U

Material Price Variance = (Actual quantity × Actual rate) - (Actual quantity-standard rate)

= $6,240 - (2,400 × 2.4)

= $480 U

Material Quantity Variance = Standard rate × (actual quantity used - standard quantity)

= 2.4 × (2,400 - (260×5))

= $2,640 U

Total Labor variance = Actual cost - Standard cost

= $15,458 - (260 × 12 × 5)

= 142 F

Labor price variance = (Actual hour × actual rate)  - (actual hours  × standard rate)

= $15,458 - ($1,310 × 12)

= $262 F

Labor efficiency variance = Standard cost × (Actual hrs used - Standard hours)

= 12 × (1,310 - (260 × 5))

= $120 U

We simply applied the above formulas

7 0
3 years ago
Savings account A and savings account B both offer APRs of 2%, but savings account A compounds interest quarterly, while savings
Dimas [21]

Savings account B offers a higher APY because monthly compounding gives a better return than quarterly compounding.

Savings account A: Quarterly compounding: APY = (1+0.02/4)^4 -1 = 2.015%

Savings account B : Monthly compounding: APY = (1+0.02/12)^12 -1 = 2.018%

As we can see, Savings account B with monthly compounding produces a slightly higher APY than A and hence is better than A

8 0
3 years ago
Read 2 more answers
When david exaggerated his experience on his resume do you think he believed he would be caught? What effect did this belief hav
stellarik [79]

If David exaggerated he probably didnt think he would get caught. This makes him dishonest, nothing an employer wants to see.

5 0
3 years ago
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