My answer: <span>b. opportunity during the time of the patent protection
Patent protection may also be identified as a cost for doing business but there are a lot of costs that will be spent in doing business. Thus, patent protection of Brutus' Fried Chicken will be treated as opportunity during the time of the patent protection. This patent ensures that only Brutus' Fried Chicken can use of the said </span><span>recipe for the spices used in the coating of the chicken. They can litigate anyone who will infringe on their recipe. </span>
A producer is someone who m<span>akes a commodity available for sale or exchange.</span>
Answer:
D) $14,000
Explanation:
Description Estimated life Cost Amortization per year
Sales office 10 years $47,000 $4,700
Warehouse 25 years $75,000 $7,500
Parking lot 15 years $18,000 $1,800
total $14,000
Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.
Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
= $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales
= 0 + 7,210 - 7,110
= 100 units
Step 3 : Determine Inventory value
Inventory value = Units x Cost per unit
= 100 units x $ 35
= $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
