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Pachacha [2.7K]
3 years ago
15

The cost of goods sold includes $1,200,000 of fixed manufacturing overhead; the operating expenses include $100,000 of fixed mar

keting expenses. A special order offering to buy 50,000 units for $7.50 per unit has been made to Tram. Fortunately, there will be no additional operating expenses associated with the order and Tram has sufficient capacity to handle the order. How much will operate profits be increased if Tram accepts the special order

Business
1 answer:
denpristay [2]3 years ago
3 0

Answer:

net income increase = $ 100,000

Explanation:

Find the attachment

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3 years ago
Which of the following represents the correct formula for calculating cost of goods manufactured?
denis23 [38]

Answer:

B) Direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.

Explanation:

The formula to compute the  cost of goods manufactured is shown below:

= Direct material used + Direct labor + Manufacturing Overhead

where,

Manufacturing Overhead equal to

= Factory overhead + Beginning work-in-process - Ending work-in-process

Or we can say that

Direct material used + direct labor + factory overhead + beginning work in process - ending work in process

6 0
3 years ago
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 16,000, $7 par, common sha
Otrada [13]

Answer:

See the answers and explanation below.

Explanation:

a. the necessary journal entries assuming a small (10%) stock dividend

<u>Date       Details                                                           Dr ($)            Cr ($)</u>

Sept. 1    Stock Dividends (16,000 * 36 * 10%)               57,600

              Common Stock (16,000 * 7 *10%)                                      11,200

              Additional Paid-in Capital - Common Stock                    46.400

<u><em>               To record a small (10%) stock dividend on common stock.    .</em></u>

b. the necessary journal entries assuming a large (100%) stock dividend

<u>Date       Details                                                          Dr ($)            Cr ($)</u>

Sept. 1    Stock Dividends (16,000 * 7 * 100%)              112,000

              Common Stock (16,000 * 7 *10%)                                      112,000

<u><em>               To record a large (100%) stock dividend on common stock.   .</em></u>

c. the necessary journal entries assuming a 2-for-1 stock split.

"No journal entry required"

Note: Although no journal entry is required here but the number of common stock will increase to 32,000 (i.e. 16,000 * 2 = 32.00).

6 0
3 years ago
The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the
kompoz [17]

Answer:

Yes, financial statement is a cumulative record of all transactions.

Explanation:

  • A financial statement is a form of the formal record. Its reports the business, person or an entity. The relevant information is resented by discussion and analysis. Such as balance sheet, income statements, statements of equity, cash flow, and comprehensive statements. Thee by its includes all sorts of financial statements.
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Which two features of quickbooks online advanced are not available to quickbooks online plus clients
vesna_86 [32]

Answer:

the techniques and the earth

Explanation:

so basically those techniques help you

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2 years ago
Read 2 more answers
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