2 years ago

The inventory system employing accounting records that continuously disclose the amount of inventory is calle

1 answer:

4 0

It's called perpetual. Perpetual inventory method updates inventory on a regular basis, as opposed to a periodic system, which updates at the end of a period.

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Medoc Company provides the following information about its single product Targeted operating income 54 comma 790 Selling price p

insens350 [35]

Answer:

Option C) Medoc Company's Break Even Point is 34,100 Units

Explanation:

Break Even point is defined as the level of activity or production at which the company's Total Sales Revenue is equal to its total expenses. In other words, Break Even Point is No Profit, No Loss Point.

Break Even Point in Units = Total Fixed Costs ÷ Contribution Per Unit

where:

Contribution per unit = Selling Price per unit - Variable Costs per Unit

Calculations:

Contribution per Unit = $6.30 - $4.55 = $1.75

Break Even Point in Units = $59,675 ÷ $1.75

Break Even Point in Units = 34,100 Units

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3 years ago

Computerized accounting systems a. Improve the timeliness of reporting b. Prevent all journalizing errors c. Are only used in me

romanna [79]

Answer:

I believe its C

Explanation:

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1 year ago

What are economic resources

tino4ka555 [31]

Factors used in producing goods or providing services

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3 years ago

Give definitions of business enterprises

Alinara [238K]

Answer:

efinition. Business enterprise means a firm, sole proprietorship, partnership, association, corporation, company, or other business entity of any kind including, but not limited to, a limited liability corporation, incorporated professional association, joint venture, estate, or trust.

Explanation:

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2 years ago

The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales J

Mice21 [21]

TC Units

$64,500 (High) 2,470

} $30,700 } 2000

$33,800( Low) 470

VC per Unit = 30 700 ÷ 2000 = $15.35

when 470 units are sold,( substitute vc per unit = 15.35)

TC = FC + VC

33, 800 = FC + ( 15.35× 470)

FC = $ 26 586

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2 years ago