Answer:
$109,220
Explanation:
Mainly there are two types of cost i.e variable cost and the fixed cost. The variable cost is that cost which is change when the production level change whereas the fixed cost is that cost which remains constant whether production level changes or not i.e $109,220
So, the variable cost includes indirect material, indirect labor, and factory supplies
And, the fixed cost includes supervision, taxes ,and depreciation expense.
Answer:
The amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 is $1,504,800
Explanation:
In order to calculate the amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 we would have to make the following calculation:
amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022=
Inventory as per physical count -inventory purchase-goods shipped-goods held on consignment
amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022=
$1,628,000-$51,900-$55,500$-$16,300
amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022=$1,504,800
Debit Advertising expense $400, credit accounts payable 400.
Answer:
Purchases= 470,000 pounds
Explanation:
Giving the following information:
Beginning inventory= 60,000 pounds
Desired ending inventory= 120,00 pounds
Direct material for production= 410,000 pounds.
Purchases= production + ending inventory - beginning inventory
Purchases= 410,000 + 120,000 - 60,000
Purchases= 470,000 pounds
