Answer:
A
Step-by-step explanation:
Trust me on this.
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Answer:
1.
$5,200 a fixed manufacturing overhead cost is included in the company's inventory at the end of last year.
2.
Income Statement is Prepared in an MS Excel File Attached With this answer Please find it.
Step-by-step explanation:
1.
Fixed Manufacturing Overhead = Total Fixed manufacturing Overhead x Units in ending inventory / Units produced
Fixed Manufacturing Overhead = 65,000 x 20 / 250 = $5,200
2.
File Attached.
There is a Difference of $5,200 in net operating income between the two costing methods. The amount of fixed asset assigned to closing inventory.
Answer:
6
Step-by-step explanation:
Label them as variables
A, B, and C
Now try and list them
ABC
ACB
BAC
BCA
CAB
CBA
There should be 6
The more mathematical way is using factorials
So you would do 3! which is 3*2*1
This also gives you 6
To find the cost of labor for one worker, you multiply the wage by the number of hours worked.
40 * 8 = 320
Because there are two workers, now you double it.
320 * 2 = 640
To find the percentage of the revenue that this is, you do the labor cost divided by the revenue.
640 / 2000 = 0.32
Move the decimal two places to the right to get the percentage.
0.32 = 32%
The labor cost is 32% of the revenue.