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spayn [35]
3 years ago
13

Boris, Inc. sells a single product for $900 per unit, including a 90-day warranty against defects. It is estimated that 3% of th

e units sold will prove defective and require an average repair cost of $70 per unit. During July, 800 units were sold. Five of them were reported defective and repaired in July. What amount should be added to the Estimated Liability for Product Warranties for July
Business
1 answer:
Dimas [21]3 years ago
7 0

Answer:

the  amount that added to estimated liability is $1,330

Explanation:

The computation of the amount that added to estimated liability is as follows

= 800 units sold × 3% defective - five defective units

= 24 units - 5 units

= 19 units

Now the amount that should be added is

= 19 units × $70 per unit

= $1,330

Hence, the  amount that added to estimated liability is $1,330

The same is to be considered

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Hayduke Corporation reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000,
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Answer:

4,444.44 units

Explanation:

For the computation of Number of units to be sold to earn target profit first we need to follow some steps which are shown below:-

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7 0
3 years ago
For 2019, Roberta is a self-employed truck driver with earnings of $47,000 from her business. During the year, Roberta received
ad-work [718]

Answer:

$6,641

Explanation:

Roberta must pay self-employment taxes from the income she received from her truck driving business ($47,000). Self-employment taxes are similar to the taxes paid by the employers (FICA) and are subject to he same maximums.

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