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3 years ago

Lagle Corporation has provided the following information:

Business

1 answer:

mezya [45]3 years ago

7 0

Answer:

b.$20,550

Explanation:

The period costs are those costs which include costs for a particular period. The calculation for these costs differ under the two methods absorption and variable. Under absorption Costing the Period costs include Variable selling and administrative + Fixed selling and administrative expenses.

Lagle Corporation

Absorption Costing

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70 * 7000= $ 25900

Variable manufacturing overhead $ 1.45 * 7000= $ 10150

Fixed manufacturing overhead $ 18,200

Total Product costs $ 87,500

Sales commissions $ 1.70 * 7000=$ 11900

Variable administrative expense $ 0.55 * 7000= $ 3850

Fixed selling and administrative expense $ 4,800

Total Period Costs $ 20550

Mostly Absorption costing is used for daily basis. Therefore Choice b is the best option.

Under variable costing the Period costs include Fixed manufacturing overheads + Fixed selling and administrative expenses.

Lagle Corporation

Variable Costing

Direct materials $ 4.75 * 7000= $ 33250

Direct labor $ 3.70 * 7000= $ 25900

Variable manufacturing overhead $ 1.45 * 7000= $ 10150

Sales commissions $ 1.70 * 7000=$ 11900

Variable administrative expense $ 0.55 * 7000= $ 3850

Total Product costs $ 85,050

Fixed selling and administrative expense $ 4,800

Fixed manufacturing overhead $ 18,200

Total Period Costs $ 23000

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ExtremeBDS [4]

Answer:

a. less ice cream, less coffee

Explanation:

The percentage change in CPI is given by:

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3 years ago

oksian1 [2.3K]

The descriptions to cases that will possibility be addressed by a Trial Balance are:

can detect the accuracy of the accounting process(possible)

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can help prepare the income statement(possible)

helps serve as a proof of the application of the double-entry system(not possible)

can help check whether a particular transaction has been completely omitted(not possible)

<h3>What is trial balance?</h3>

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Therefore, with trial balance, one can check whether the debit side is equal to the credit side.

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1 year ago

Cold Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current lia

erastova [34]

Answer:

The internal growth rate is 4.36%

Explanation:

net income = 8.3%*386,400

= $32,071.20

net working capital = current assets – current liabilities

current assets – 37200 = 16700

= $53,900

total assets = current assets + net fixed assets

= 53,900 + 391,500

= 445,400

Then:

ROA = 53,900/445400

= 0.072005

b = 1 - 48% = 0.52

internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)

= 0.041763/0.958237

= 4.36%

Therefore, The internal growth rate is 4.36%

7 0

3 years ago

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mr_godi [17]

The answer to the question is a maintenance need.

It can be said that Waylon is ensuring that the peace in the group is maintained despite personality clashes that may occur by doing certain behaviors to accommodate the team members. This is clear from how he made an effort to seek out Lina to ensure that her opinion is heard and mitigating future conflict possibilities by ensuring that she would have her chance to speak if Adam behaves in the same manner on the next meeting.

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3 years ago

Crown Co. is expecting to receive 100,000 British pounds in one year. Crown expects the spot rate of the British pound to be $1.

wariber [46]

Answer:

Sell pound forward

Explanation:

Forward rate = $1.51 *(1+2.65%) = 1.51 * 1.0265 = 1.55

Amount receivable in case of forward hedge = 100,000 * 1.55 = 155,000

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3 years ago