Answer:
C) $200.00
Explanation:
Absorption Product Cost = Direct Labor + Direct Materials + Variable Overheads + Fixed Overheads
Thus, we need to Calculate the Total Cost of Goods Manufactured as follows :
Direct materials used $160,000
Direct labor $100,000
Variable factory overhead $60,000
Fixed factory overhead $80,000
Total Cost of Goods Manufactured $400,000
Then Calculate the product cost per unit
Product cost per unit = Total Cost / Total Production
= $400,000 / ($315,000/$225.00 + 600)
= $400,000 / 2,000
= $200.00
Note : Total Production = Units Sold <em>plus</em> Ending Finished Goods Inventory
Answer:
a. Adjusted Gross income is calculated as;
= Wages + Interest - Deduction
= 41,000 + 700 - 5,000
= $36,700
b. The couple will pick their Standard deduction in 2019 because its more than the itemized deduction.
Standard deduction for couples in 2019 = $24,400
c. I assume you mean their 2019 taxable income which is;
= Adjusted Gross income - Standard deduction
= 36,700 - 24,400
= $12,300
<em>Note; As of 2018 there are no more personal deductions. </em>
Answer:
Note: The complete question is attached as picture below
Objectives Most associated balanced scorecard
1. Percentage of repeat <em>Customer Perspective</em>
customers
2. Number of suggestions for <em>Learning and Growth perspective</em>
improvement from employees
3. Contribution margin <em>Financial perspective</em>
4. Brand recognition <em>Customer Perspective</em>
5. Number of cross-trained <em>Learning and Growth perspective</em>
employees
6. Amount of setup time <em>Internal process prospective</em>
Answer:
<u>c. $2,018.00</u>
Explanation:
Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of
- Initial cost of inventory ( Manufacturing cost or Purchasing cost )
- Market value of the Inventory ( Net realizable value of the market )
Product__Quantity__Cost per unit__Market per unit___ Lower ____Value
Jelly _____150 ______$2.00 ______2.15___________ $2.00____ $300
Jam _____ 370 _____ $2.65 ______2.50 __________ $2.50 ____ $925
Marmalade 260 _____ $3.10 ______3.05 __________ $3.05 ____ $793
Total Value ___________________________________________<u>$2,018</u>
Answer:
passion, persistence, perseverance, and preparation
Explanation: