Answer:
Amount of underapplied or overapplied overhead cost for the year
$97000 - Underapplied
Schedule of cost of goods manufactured for the year
Direct Material 3885000
Direct Labor 60000
Overheads 376000
Total Manufacturing Costs 4321000
Add Opening Inventory WIP 400000
Less Closing Inventory WIP (700000)
Cost of Goods Manufactured 4021000
Explanation:
Amount of underapplied or overapplied overhead cost for the year
Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead
$473000-$376000= $ 97000
Schedule of cost of goods manufactured for the year
<em>Direct Materials Calculation </em>
Opening 200000
Add Purchases 4000000
Available 4200000
Less Closing Material 300000
Materials Consumed 3900000
Less Indirect Materials 15000
Direct Materials Consumed 3885000
Answer:
c. 1.14
Explanation:
Year Cash Flow PV Factor 10% PV of Cash flows
($) ($)
Year 1 180,000 0.909 163,620
Year 2 120,000 0.826 99,120
Year 3 100,000 0.751 75,100
Year 4 90,000 0.683 61,470
Year 5 90,000 0.621 55,890
Total = 455,200
Initial cash outflow = $400,000
Cash inflow = $455,200
So, we can calculate the present value index by using following formula,
Present value index = Cash inflow ÷ Cash outflow
= $455,200 ÷ $400,000
= 1.14
Answer: d. more coffee and fewer football tickets
Explanation:
MU/P refers to the marginal utility gained per dollar of an alternative and rationale consumers are always expected to maximise their utility by picking alternatives that give them more utility as opposed to less.
The MU/P for coffee is 20 whilst that of football tickets in 10. This means that more utility is gained from getting more coffee as opposed to football tickets. The action that would maximise utility would therefore be one where the consumer gets more coffee and fewer football tickets.
The correct answer will be the B financing new business ventures.
Entrepreneurship involves financing new business ventures.
Answer:
Rapidly rising prices not only affect the price consumers pay, they also affect the cost businesses have to pay for materials and inventory. When replacement inventory costs more than the inventory you just sold, it can lead to inventory shortages.
Explanation:
I hope it helped
