Answer: B
Explanation:
With the options given, Johnny can only perform worse if he performs worse than his cumulative GPA and also if he performed less than he ever performed before. The last option about Johnny's performing worse than last semester might not necessarily have an effect on his GPA. A cumulative GPA is the total GPA Johnny has gotten since he started school. The last semester might be one of his best semesters and probably had a good result so getting a result slightly lower than his last semester might not necessarily mean there will be a reduction in his cumulative GPA. So option B is correct.
Answer:
Incremental Analysis for special order
units <u>10,000</u>
offer price $290,000
Variable cost:
Cost of goods sold($22.5 *10,000) 225,000
Selling and Administrative expenses
($2.05*10,000) 20,500
shipping cost (0.77*10,000) <u> 7,700 </u> <u> (253,200)</u>
Additional contribution <u> 36,800</u>
Explanation:
variable cost goods sold per unit = ( 3,633,000 - 960,000)/118800 = $22.5
Variable selling and admin expense per unit = ( 517,540 - 274,000)/118800
= $ 2.05
Answer:
Sheldon's financial statement for year 1 would show;
Supplies inventory =
Supplies expense =
Account payable =
Explanation:
Supplies account at the beginning of the year = $1,900
Purchases during the year= $5,600
Payment during the year = $2,800
Supplies counted at the end of the year = $3,300
Supplies used in year 1 = $1,900 + $5,600 - $3,300
= $4,200
Account payable at the end of the year = $4,200 - $2,800
= -$1,400
Answer:
Given that,
Cost of goods manufactured = $1,486,000
Cost of goods sold (unadjusted) = $1,337,000
Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:
Finished Goods A/c Dr. $1,486,000
To Work in process $1,486,000
(Being transfer of completed goods from work in process to finished goods recorded)
