Answer:
Controllable margin= $300,000
Controllable margin in %= 33.3%
Explanation:
Controllable margin is sales revenue less controllable variable costs and fixed cost.
Controllable margin= Sales revenue - controllable variable cost - controllable fixed costs
Controllable margin= contribution margin - fixed costs
= 500,000 - 200,000= 300,000
Controllable margin in %= 300,000/900,000 × 100 =33.3%
Controllable margin in %= 33.3
The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance
<h3>What is an adjusted trial balance?</h3>
Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.
An adjusted trial balance include:
- Adjustment for prepaid and accrued expenses.
- Depreciation
Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.
Learn more about adjusted trial balance here: brainly.com/question/14274904
The correct answer is "Add the decrease to the net income in operating activities."
Answer:
finance , social life , academics and personal life
Answer:
$6,755
Explanation:
The computation of the cost of the ending inventory using the perpetual LIFO method is as follows:
For January:
Total value = Units remaining in inventory × cost per unit
= (23 - 17) × $205
= $1,230
For February:
Total value = Units remaining in inventory × cost per unit
= (33 - 17) × $210
= $3,360
For May:
Total value = Units remaining in inventory × cost per unit
= (28 - $21) × $215
= $1,505
For September:
Total value = Units remaining in inventory × cost per unit
= (25 - 20) × $220
= $1,100
For November:
Total value = Units remaining in inventory × cost per unit
= (25 - 23) × $220
= $660
Cost of the ending inventory:
= $1,230 + $3,360 + $1,505 + $660
= $6,755
