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3 years ago

A manufacturer reports the information below for three recent years.

Business

1 answer:

evablogger [386]3 years ago

6 0

Answer:

Year 1

Fixed Overhead in ending inventory = (2,200 * $1.20) = $2,640

Year 2

Fixed Overhead in ending inventory = (1,700 * $1.20) = $2,040

Fixed overhead in beginning inventory = (2,200 * $1.20) = $2,640

Year 3

Fixed Overhead in ending inventory = (1,800 * $1.20) = $2,160

Fixed overhead in beginning inventory = (1,700 * $1.20) = $2,040

Absorption costing income

Particulars Year 1 Year 2 Year 3

Variable costing income $140,000 $146,400 $143,950

Fixed Overhead in ending inventory $2,640 $2,040 $2,160

Fixed overhead in beginning inventory $0 ($2,640) ($2,040)

Absorption costing income $142,640 $145,800 $144,070

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For 2015, Bakers Manufacturing uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $3.00 per u

Vlad1618 [11]

Answer:

The profit margin earned if each unit requires two machine-hours is 25%

Explanation:

For computing the profit margin, first, we have to compute the estimated overhead rate per unit which is shown below:

Estimated Overhead rate = (Estimated manufacturing overhead costs) ÷ (estimated machine hours)

= ($240,000) ÷ (40,000 machine hours)

= $6

Now the profit per margin would equal to

= Selling price per unit - direct cost per unit - overhead cost per unit × number of required machine hours

= $20 - $3 - $6 × 2

= $5

Now the profit margin would equal to

= (Profit per unit) ÷ (selling price per unit) × 00

= ($5 ÷ $20) × 100

= 25%

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4 years ago

Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is

andrew11 [14]

Answer:

The correct answer is c) $9,000

Explanation:

If net credit sales are $300,000 and bad debt expense is estimated at 3% of net credit sales.

$300,000 x 3%= $9,000

$300,000 x 0.03= $9,000

The amount of the adjusting entry to record the estimated uncollectible accounts receivables is $9,000

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3 years ago

PLEASE HELP ME!!! How are mental, physical, and financial health related? Three sentences

cricket20 [7]

Answer:

They are related because all of the heaths are commonly linked to anxiety and depression. So when a person is financially struggling they can have anxiety which affects their mental health which affects there want to be physical which makes their physical health bad. So all of these are linked together so if one is bad then the others are sure to become bad too.

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On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared

Alik [6]

Answer and Explanation:

The Journal entry is shown below:-

March 17

Stock Dividend Dr, $84,750 (113,000 × 5% × $15)

To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)

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(Being stock dividend is recorded)

Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock

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4 years ago

In Albany, Georgia, the bars and restaurants built outdoor seating areas after the city passed laws banning indoor smoking to ac

stepan [7]

Answer:

B) political-legal forces

Explanation:

The restaurants are acting based on a new city law that bans indoor smoking.

Political and legal environmental forces are simply changes in existing laws or new laws that alter the market or business environment of a company. Usually when people refer to political forces, they mean macroeconomic factors like change in taxes, new trade policies, etc. And when they refer to legal forces it means more specific factors like changes in property laws, anti-discrimination laws, or no smoking laws.

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