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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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3 years ago

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3 years ago

"When the dollar appreciates, U.S." exports increase, while imports decrease. b. exports and imports increase. c. exports decrea

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Answer:

C) Exports decrease, imports increase

Explanation:

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3 years ago

Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op

Mars2501 [29]

Answer:

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2 years ago

Mary is a shareholder in CarrollCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her

Troyanec [42]

Answer:

AAA = (8000)

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Explanation:

-----------------AAA-------- stock basis---------AEP

Beg. Bal--- 2000 - - - - 10,000 - - - - - - 6,000

Distribution (2000) - - - - (2000) - - - - - (4000)

Balance - - - 0 - - - - - - - 8000 - - - - - - 2000

LTCG - - - 2000 - - - - - 2000 - - - - - - - - 0

Balance - -2000 - - - - - 10,000 - - - - - - 2,000

Loss - - - (10000) - - - - (10000) - - - - - - - 0

Ending - - (8000) - - - - - 0 - - - - - - - - - 2000

ENDING BALANCE :

AAA = (8000)

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AEP = 2000

Beg. bal = beginning balance

LTCG = Long term capital gain

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3 years ago