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3 years ago

The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.

Business

1 answer:

serious [3.7K]3 years ago

5 0

Answer:

See below

Explanation:

According to the information above, there would be no sales if TAM is discontinued as there would be no cost traced to it safe for $145,000 for fixed manufacturing overhead.

We already know that the net operating loss was $55,000 the fixed manufacturing overhead of $145,000 would further increase the loss by $90,000

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How has adopting a franchise model made PODS more adaptable?

Nookie1986 [14]

Adopting a franchise model made PODS more adaptable as franchise bring the local connections to the business giants as it carries the large networks.

<h3>What is Franchise?</h3>

Franchise the license granted by the government or the large organizations to carry out the business activities. for example :- Providing the delivery services to the company.

The franchise model helped the PODS (Portable On Demand Storage) to carry out the business activities by having the local connections.

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2 years ago

Gracie showed up at a new hair salon with her special color treatment coupon. A hairdresser named Bunny applied the color to Gra

Eduardwww [97]

False imprisonment seems like the most likely answer in this scenario if she had to sue for one of the three. She definitely can't sue for assault or battery because no threats were made nor was physical harm dealt.

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3 years ago

Kamiar owed Rubio $5,000, which was due in one year. There was no dispute that a debt existed and no dispute over the amount. Ho

aleksley [76]

Yes, Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.

<h3>What is an agreement in contract?</h3>

In contract, an agreement is an element of what makes a contract valid. When an agreement is breached, then, the aggrieved party have a right to void the contract.

In conclusion, the answer is yes because Rubio will be able to successfully sue and collect the $1,000 later because their agreement was not fulfilled.

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3 years ago

Cost Flow Methods The following three identical units of Item LO3V are purchased during April: Item Beta Units Cost April 2 Purc

Lelechka [254]

Answer:

a. Gross Profit =$89, Ending Inventory = $640

b. Gross Profit =$83, Ending Inventory = $631

c. Gross Profit =$86, Ending Inventory = $634

Explanation:

FIFO

<u>a.Gross Profit</u>

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $314) ($314)

Gross Profit $89

<u>b. Ending Inventory</u>

Ending Inventory = Units Left × Earliest Price

= 2 units × $320

= $640

LIFO

<u>a.Gross Profit</u>

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $320) ($320)

Gross Profit $83

<u>b. Ending Inventory</u>

Ending Inventory : 1 unit × $314 = $314

1 unit × $317 = $317

Total = $631

Weighted Average Cost method

<u>a.Gross Profit</u>

Sales ( 1 unit × $403) $403

Less Cost of Sales ( 1 unit × $317) ($317)

Gross Profit $86

<u>b. Ending Inventory</u>

Ending Inventory = Units Left × Average Price

= 2 units × $317

= $634

4 0

3 years ago

During the current year, Elk Company incurred the following direct labor costs: January $40,000 and February $60,000. Elk uses a

Rom4ik [11]

Answer:

January Overheads are <u>under-applied</u> by $2,000.

Explanation:

When,

Actual overheads > Applied overheads we say overheads are under-applied.

Actual overheads < Applied overheads we say overheads are over-applied.

Where,

Applied overheads = Predetermined overhead rate × Actual Activity

Therefore,

Applied overheads (January) = 120% × $40,000

= $48,000

Actual overheads (January) = $50,000.

Conclusion

It can be seen that from the above : Actual overheads : $50,000 > Applied overhead : $48,000, therefore overheads were under-applied.

Amount of under-applied overheads = $50,000 - $48,000

= $2,000

5 0

3 years ago