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posledela
2 years ago
8

Received a $3,000.00 check from Pacific Stores. The check pays $3,061.22 of the Dec. 3 sale on account, S395, less 2% discount.

R403.
Business
1 answer:
Sunny_sXe [5.5K]2 years ago
5 0

Answer:

Accounts Receivable Credit- $3061.22

Sales Discount Debit- $61.22

Cash Debit- $3000

Explanation:

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Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:
vfiekz [6]

Answer:

Part a. Compute the unit product cost under absorption costing.

Variable costs per unit:

        Direct materials                                                                         $ 165

         Direct labor                                                                                $ 72

         Variable manufacturing overhead                                            $ 8

Fixed Overheads per unit:

       Fixed manufacturing overhead ($535,500/10,500)                  $ 51

Unit product cost                                                                                $296

Part b. Compute the unit product cost under variable costing.

Variable costs per unit:

        Direct materials                                                                         $ 165

         Direct labor                                                                                $ 72

         Variable manufacturing overhead                                            $ 8

Unit product cost                                                                                $245

Explanation:

Part a. Compute the unit product cost under absorption costing.

Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate

Part b. Compute the unit product cost under variable costing.

Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost

8 0
3 years ago
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.95 Direct labor
Paraphin [41]

Answer:

The correct answer is $27,675.

Explanation:

According to the scenario, the given data are as follows:

Variable manufacturing OH = $1.75

Fixed manufacturing OH = $19,800

Units = 4,500 units

So, we can calculate the total amount of manufacturing overhead cost by using following formula:

Total manufacturing OH = Total variable OH + Total fixed OH

Where, Total variable OH = $1.75 × 4,500 = $7,875

By putting the value, we get

Total Manufacturing OH = $7,875 + $19,800

= $27,675

7 0
3 years ago
According to this case study, what is an upcoming key technology that will be used in retail stores to improve customer service?
zloy xaker [14]

Answer:

 

1. According to the case study (copy attached) "the upcoming technology that will be used in retail stores to improve customer service is the Scan As You Go Mobile Devices".

2. It is currently being used by sales officers in some shopping malls to scan items on the spot and let customers pay without going through the cash registers.

It is also being used to help customers take advantage of discounts and coupons on items being purchased. The effect is that customers spend 10% when they shop using this technology.

3. In the future, the customers will be able to check out using their smartphones.

4. According to the case study, the technology referred to in 3 above is already pioneered by Apple Stores.

Cheers!

Download txt
5 0
3 years ago
Tayco Corporation has just paid dividends of $3 per share. The earnings per share for the company was $4. If you believe that th
tino4ka555 [31]

Answer:

the price earning ratio is 8.33

Explanation:

The computation of the price earning ratio is shown below:

P/E Ratio is

= share price ÷  Earning Per share

where,

The price of a share is

= 3 × 106

= $3.18

And, the earning per share is

= $4 × (1.06) ÷ (0.15 - 1.06)

So, the price earning ratio is

= (3 × (1.06) ÷  4(1.06)÷ (0.15 -0.06))

= 8.33

Hence, the price earning ratio is 8.33

8 0
3 years ago
In year 2, Rossman Corp, changed its inventory method from FIFO to the weighted average method. The change resulted in a decreas
Mila [183]

Answer:

True

Explanation:

The reason is that the opening inventory value of year 2 is the closing amount of the year 1. Its similar to the closing cash amount left in till at the end of year 1 is the opening amount at the year 2. So the opening inventory of year 2 is closing inventory of year 1. This means the closing inventory of year 1 has decreased by $10,000.

As we know that:

Cost of goods sold = Op. Inventory + Purchases - Cl. Inventory

This means if the closing amount increases the cost of goods decreases and in the given scenario the closing inventory of year 1 has been decreased which means that the cost of goods sold has increased which will decrease the profit. And if the profit decreases then:

Earning per share = Profit after tax (Decreased) / Number of share (Same)

As the profit has decreased the earning per share will also decrease.

5 0
3 years ago
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