Answer:
Explanation:
The following information can be gotten from the question:
Net realizable value (NRV) will be:
= $125,000 - $10,500
= $114,500
Normal profit will be:
= $114,500 - (30% × $125,000)
= $114,500 - $37,500
= $77,000
The amount should Garcel report as inventory on its balance sheet should be $77,000.
Did you ever find the answer?
Both but fixed goes first so a is correct
Answer:
Target cost per unit = $3.52
Explanation:
Given:
Projected sales = $300,000 or 75,000 units
Desired profit = $36,000
Find:
Target cost per unit
Computation:
Target cost per unit = [Projected sales - Desired profit] / Total units
Target cost per unit = [$300,000 - $36,000] / 75,000
Target cost per unit = $264,000 / 75,000
Target cost per unit = $3.52
ANSWERS: There was a format called Company Town where the company would virtually own and control the entire town including daily need item stores. Workers were lured with attractive wages and accommodation. But, the wages were paid in 'Scrips' which were company printed currency meant to be spent in the stores owned by the company owned and controlled stores inside the company town. This led to the employees getting dependent on employers and their personal freedom and space getting interfered by employers. This relation led to the term 'Wage Slavery'. This practice was continued in mining town till 1960s whereas the concept of company town ended in the 1920s.
