Answer:
$76,260
Explanation:
Calculation to determine the total period cost for the month under variable costing
Using this formula
Total Period cost = Variable selling and administrative cost + Fixed manufacturing overhead + Fixed selling and administrative cost
Let plug in the formula
Total Period cost = ($14 × 1,760) + $18,180 + $33,440
Total Period cost =$24,640+$18,180 + $33,440
Total Period cost =$76,260
Therefore the total period cost for the month under variable costing is $76,260
Answer:
(a)$0
Explanation:
Since the book value is less than the generated future cash flows so there would not be any loss on impairment of the asset
The book value is computed below
= Owns value - accumulated depreciation
= $290,000 - $150,000
= $140,000
The book value is $140,000 and the generated cash flows are $165,000. So, no value would be recognized
Answer:
The correct answer is total revenue; total cost.
Explanation:
Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.
A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.
It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.
To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.
Answer:
The seller's proceeds is <u>$89,654</u>.
Explanation:
The seller's proceed is the difference between the total inflows and the out flows. This can be calculated as follows:
<u>Particulars $ $ </u>
<u>Inflows:</u>
Purchase price or sales proceeds 360,000
Refund on property tax in advance <u> 350 </u>
Total inflows 360,350
<u>Outflows:</u>
Commission (23,400)
Documentary transfer tax (396)
buyer's policy of title insurance (650)
Escrow fees (250)
Loan payoff <u> (246,000) </u>
Total outflows <u> (270,696) </u>
Proceeds <u> 89,654 </u>
Therefoe, the seller's proceeds is <u>$89,654</u>.
The answer to the question above is FALSE. It is not Fraud by Enticement but rather, Fraud by Concealment. This happens when one party takes a certain action to hide or conceal a material fact from another party. For example, when one company decides to purchase a material from the other and that the first company decides not to show all of the details of the product, which would then later on discovered that it is not brand new or have been repaired several times, they can sued for fraud by concealment.