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nlexa [21]
3 years ago
6

Bailey Company incurred the following costs in manufacturing desk calculators: Direct materials $18 Indirect materials (variable

) 3 Direct labor 9 Indirect labor (variable) 7 Other variable factory overhead 13 Fixed factory overhead 34 Variable selling expenses 26 Fixed selling expenses 12 During the period, the company produced and sold 2,000 units. What is the inventory cost per unit using absorption costing
Business
1 answer:
Romashka-Z-Leto [24]3 years ago
3 0

Answer:

$84

Explanation:

Calculation to determine the inventory cost per unit using absorption costing

Direct materials $18

Indirect materials (variable) $3

Direct labor $9

Indirect labor (variable) $7

Other variable factory overhead $13

Fixed factory overhead $34

Inventory cost per unit $84

($18 + $3 + $9 + $7 + $13 + $34 = $84

Therefore the inventory cost per unit using absorption costing is $84

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Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked
Ira Lisetskai [31]

Answer: The answer is given below

Explanation:

a. What is the extended list price of the order?

This will be gotten by multiplying the number of cases with the price list. From the question, we are told that Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked beans with a list price of $33.50 per case.

Organic vegetable soup:

= 12 × $18.90

= $226.80

Organic baked beans= 8 × $33.50

= $268

Total = $226.80 + $268

= $494.80

b. What is the total amount of the trade discount on this order?

We are told that the wholesaler offered Whole Foods a 39% trade discount. This will be:

= 39% × $494.80

= 39/100 × $494.80

= 0.39 × $494.80

= $192.972

c. What is the total net amount Whole Foods owes the wholesaler for the order?

The total net amount will be the total price of the order and the discount. This will be:

= $494.80 - $192.972

= $301.828

5 0
3 years ago
I start working at Wendy's today, any advise?
AleksAgata [21]
Morning shifts if u can it’ll be better bcs u know he crazy people in this world
8 0
3 years ago
Read 2 more answers
Arthur Rabe is suing Xavier Sanchez for breaching a contract in which Sanchez promised to sell Rabe a Van Gogh painting for $150
OLEGan [10]

Answer:

Remedies

a. The suing party is called the plaintiff. The party being sued is the defendant. Therefore, since Arthur Rabe wants to sue Xavier Sanchez. Rabe is the Plainttiff and Sanchez is the Defendant.

b. If Rabe wants Sanchez to perform the agreement as promised, Rabe would seek remedy of Specific performance of Contract from the Court. Failure to do so will attract charges.

c. If Rabe wants the contract to be cancelled, then Rabe would ask the court for a rescission which is the cancellation of a contractual obligation.

d. The term remedies refers to a legal means to enforce a right or redress a wrong. Remedies of law include land, items of value or money. Remedies in equity includes specific performance, injunction and rescission. Thus, both remedies in part b and c are remedies in equity.

e. The party appealing a case is called the appellant or petitioner while the appellee is the party against whom the appeal is taken. So Sanchez would be the appellant and Rabe would be the respondent.

7 0
3 years ago
While preparing a assessment of your job performance the previous year, you are required to list three goals for the coming year
Kisachek [45]

Answer:

Realistic

Explanation:

The  acronym "SMART" stands for Specific. Measurable, Achievable, Realistic and Timely. These are criteria that  goal setting should adhere to, to ensure that the goal is achieved.

The criteria Realistic in "SMART"  emphasizes that a goal that is been set should  be realistic and  achievable  given the available resources and time.

The goal " I will triple sales in my territory by the end of the next fiscal year." is lacking the criteria of been realistic because it doesn't seem achievable within a fiscal year.

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3 years ago
Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality. these
Leni [432]
Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality.
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