Answer:
$77,000
Explanation:
Calculation to determine what The amount of maintenance expenses that should be allocated to the Painting Department for the current period is:
Administration=$80,000×[100/(150 + 100)] Administration=$32,000
Maintenance=$100,000×[36,000/(44,000 + 36,000)]
Maintenance=$45,000
Total$ 77,000
($32,000+$45,000)
Therefore The amount of maintenance expenses that should be allocated to the Painting Department for the current period is:$77,000
Answer:
14.6 %
Explanation:
Net assets value par share at the beginning of the year = $350 million / 14 million = $ 25
expense ratio = 1% = 0.01
Net assets value per share at the end of the year = ($ 400 - ( $ 400 × 0.01)) million / 15 million = $ 26.4
rate of return on fund = ( $ 26.4 - $25 + $ 2 + $ 0.25) / $ 25 × 100 = 14.6 %
Answer:
Instructions are below.
Explanation:
Giving the following information:
Units Produced 20,000
Units Sold 17,000
Unit Sales Price $ 240
Full Manufacturing Cost Per Unit $97
<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>
Income statement:
Sales= (17,000*240)= 4,080,000
Cost of goods sold= (17,000*97)= (1,649,000)
Gross profit= 2,431,000
Variable Selling Expenses= (71,000)
Fixed General and Administrative Costs= (88,000)
Net operating income= 2,272,000
