Answer:
The correct answer is $23,600.
Explanation:
According to the scenario, the given data are as follows:
Beginning Finished goods = $8,000
Cost of Goods Manufactured = $15,600
So, we can calculate the cost of goods available for sale by using following formula:
Cost of goods available = Beginning Finished goods + Cost of Goods Manufactured
By putting the value we get,
Cost of goods available = $8,000 + $15,600
= $23,600
Hence, the cost of goods available for sale is $23,600.
Answer:
tax at 15 % gain = $495
Explanation:
given data
sold = 100 shares
Sale stock = $5,500
purchased shares = $2,200
income tax rate = 24 percent
to find out
how much tax will he pay on this gain
solution
we know here that at long term gain we have given Sale value and Cost of stocks
so here total Gain will be
gain = Sale value - Cost of stocks ...............................1
put here value
gain = Sale value - Cost of stocks
gain = $5,500 - $2,200
gain = $3,300
so here we can say that
tax is 15 %
tax at 15 % gain = 15 % of $3,300
tax at 15 % gain = $495
as we know his marginal rate on ordinary gain is above 15%
so that capital gain must be 15%
Answer:
See below.
Explanation:
In order to calculate setup cost allocation per unit, we first calculate the total setup costs for each product. These costs are then divided on the cost base which is the direct labor hours for each unit.
Total setup costs:
Plus
Direct Labor hours = 1,000
Setups = 20
Total costs = 20 * 1080 = $21,600
Total Setup Cost / labor hour = 21600 / 1000 = $21.6
Max
Direct Labor hours = 80,000
Setups = 40
Total costs = 40 * 1080 = $43,200
Total Setup Cost / labor hour = 43200 / 80000 = $0.54
We can calculate peer unit allocation of each product by multiplying the per hour rate calculated above with the number of hours used to make each product.
Plus = 21.6 * 5 = $108
Max = 0.54 * 5 = $2.7
These are the costs allocated per unit.
Hope that helps.
Answer:
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