Answer:
$7.91
Explanation:
The weighted-average unit cost uses the weighted concept to determine the costs of goods sold or inventory costs. Its formula is a is below
weighted -average costs = <u>costs of goods available for sale</u>
units available for sale
For Sunland company,
Total costs of goods available =(200 x $7) +(540 x $8) + (125 x$9)
=1400 + 4320+1125= 6845
Total units available for sale= $200 + $540 +$125 =$865
WAC = 8645/865
=$7.91
Answer:
The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.
Explanation:
Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:
1) Identification of the activities for the creation of the product
2) Divide the activities into cost pools
3) Assign each cost pool to a cost driver
4) Calculation of the cost driver rates
5) Assignment of cost to products
Answer:
b. $1.87
Explanation:
Number of order taking costs = $20,592
Number of orders = 187,200
Cost of activity
= $20,592 ÷ 187,200
= $0.11
The Statement of overhead allocated is given below:-
Number of orders = 17
Cost per activity = $0.11
Cost
= 17 × $0.11
= $1.87
Therefore, the overhead is applied to the Tucker family account for order taking costs $1.87
Answer:
Explanation:
Are households primarily buyers or sellers in the goods and services market?
A. Buyers
Households are primary buyers in the goods and service market. Households buy goods and services from the producers in the goods and services market
Are households primarily buyers or sellers in the labor market?
B. Sellers
- Households are sellers in the labor market. They sell their services in exchange for wages
Are firms primarily buyers or sellers in the in the labor market
A. Buyers
Firms are buyers in the labor market. They buy the services of households
Are firms primarily buyers or sellers in the goods and services market?
B. Sellers
Firms are sellers in the goods and services market. They sell their finished goods and services
Answer choreographing a dance step by step
