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2 years ago

Coronado's Place recorded the following data:

Business

1 answer:

Lorico [155]2 years ago

4 0

Answer:

The weighted average unit cost of the inventory at January 31 is $496

Explanation:

Weighted Average unit cost the average cost of units on hand on each day. It is calculated by dividing total inventory value by total available units.

Date Unit Received / Sold On Hand Unit Cost Balance

1/1 Inventory 540 units at $2.80 540 $1,512 $1,512

1/8 Purchased 960 units at $2.3 1500 $2208 $3,720

1/12 Sold 1,300 at ($3,720/1500) 200 $3,224 $496

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Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The co

xeze [42]

Answer:

Total cost= $2,008,608

Explanation:

Giving the following information:

Production 11,800 units 13,000 units

Direct materials: $761,100 - $838,500

Direct labor: $241,900 - $266,500

Manufacturing overhead: $1,010,800 - $1,035,280

First, we need to calculate the unitary cost for each level of production and choose the lower cost for each:

11,800 units:

Direct material= 761,100/11,800= $64.5

Direct labor= 241,900/11,800= $20.5

Variable overhead= 1,010,800/11,800= $85.66

Total unitary cost= 170.66

13,000 units:

Direct material= 838,500/13,000= 64.5

Direct labor= 266,500/13,000= $20.5

Variable overhead= 1,035,280 /13,000= $79.64

Total unitary cost= 164.64

<u>Total cost for 12,200 units:</u>

Total cost= 12,200*164.64= $2,008,608

6 0

2 years ago

While setting the price of a product, what must managers consider? A cost of the whole marketing mix B) buying capacity of the c

Naddik [55]

Answer:

While setting the price of a product, managers must consider all of the following: A) cost of the whole marketing mix B) buying capacity of the customers C) profit it should bring the company D) transportation cost E) personnel cost to the company

Explanation:

Key factors in calculating the sale price can be:

Costs are a major factor in determining the selling price and a way of forming a price that is primarily related to costs called “ground” because it represents the minimum at which the price can be set. It includes cost plus other costs with no projected or minimal profit;

Demand/buying capacity as a key factor in price calculation is tied to a method called the "ceiling" because capacity exceeds the price limit that customers are willing to accept to get a product or service.
Competition as a pricing factor refers to alternatives that customers can choose from, and competition allows them to do so;

Cost-based pricing has its sub-methods such is Cost plus method

The basic principle is to add a rate of profit to the sum of direct and indirect costs. This way price consider a profit to it should bring to company.

Direct costs include material and labor costs, and indirect or general costs comprise a portion of fixed indirect costs such as depreciation, administration costs, sales costs and other general costs.

Formula: price = Direct costs + Indirect costs + Rate of profit

5 0

2 years ago

Which of the following is not a concept related to explaining abnormal excess stock returns?A. January effect B. neglected-firm

Anastaziya [24]

The preferred stock effect is not a notion that can be used to explain abnormally high excess stock returns.

<h3>What is the preferred stock?</h3>

The term "stock" refers to a company's ownership or equity. Common stock and preferred stock are the two forms of equity. Preferred investors are entitled to more dividends or asset distributions than common stockholders. The specifics of each preferred stock vary depending on the issuance.

When it comes to dividends, preferred stockholders have a preference over ordinary stockholders, which typically yield more than common shares and might be paid monthly or quarterly. These dividends can be fixed or determined by reference to a benchmark interest rate, such as the London Interbank Offered Rate.

To learn more about stock, click

brainly.com/question/28235296

7 0

1 year ago

A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry

olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c Cr. Rs 4500

3 0

2 years ago

Problem 12-04A The income statement of Kingbird, Inc. is presented here. Kingbird, Inc. Income Statement For the Year Ended Nove

barxatty [35]

Answer:

Cash Flow From Operating Activities

Cash Receipt from Customers $7,260,000

Cash Paid to Suppliers and Employees ($6,294,700)

Cash Provided by Operating Activities $965,300

Explanation:

Step 1 : Cash Paid to Suppliers and Employees Calculation

Cost of goods sold $4,987,300

Add Operating expenses $1,120,500

Total $6,107,800

Adjustments :

Depreciation expense $95,300

Decrease in Inventory ($536,700)

Increase in Prepaid Expenses $179,800

Decrease in Accounts Payable $345,700

Decrease in Accrued Expense Payable $105,800

Cash Paid to Suppliers and Employees $6,294,700

Step 2 : Cash Receipt from Customers Calculation

Sales revenue $7,465,900

Less Increase in Accounts receivable ($205,900)

Cash Receipt from Customers $7,260,000

4 0

3 years ago