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notka56 [123]
3 years ago
11

Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during May. The company had no b

eginning inventory on May 1. Date Blankets Units Cost May 03 Purchase 5 $14 10 Sale 3 17 Purchase 15 $15 20 Sale 5 23 Sale 2 30 Purchase 15 $19 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. a.$50 b.$80 c.$20 d.$110
Business
1 answer:
Maksim231197 [3]3 years ago
7 0

Answer:

The company had no beginning inventory on May 1. May 3 Purchase 5 $20 10 Sale ... Boxwood Company sells blankets for $40 each. The following was taken

Explanation:

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Olden Company has provided the following information for this month: Sales Price $50 per unit Variable COGS $13 per unit Fixed C
Pie

Answer:

700 units

Explanation:

The breakeven point is also known as the BEP. The BEP  is the number of units a company must sell for sales or revenue generated is equal to the cost incurred. As such, the BEP is the number of units that must be sold for the company to make neither a profit nor a loss.

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

Let the BEP units be T

35T = 11,000 + 3000 + T(13 + 2)

35T - 15T = 14,0000

20T = 14,000

T = 700

The company's new breakeven in units is 700 units

7 0
3 years ago
What term is used to describe something that prevents a listener from understanding a message?
Lady_Fox [76]
A disturbance, a noise, a distraction, or the message is unclear.
6 0
3 years ago
In Country A, the price of wheat has increased greatly over the past year. Because of this change, farmers in Country A are plan
Dominik [7]

A: Wheat is relatively inelastic

5 0
3 years ago
Read 2 more answers
Maria, a certified financial planner, must also be a licensed attorney to be appointed Trustee of a bankruptcy estate. A. True B
seropon [69]

Answer: False

Explanation:

Bankruptcy Trustees are usually lawyers and this is why people think that they must always be lawyers but this is not the case.

The United States Trustee who is an officer of the Department of Justice and the one in charge of appointing Bankruptcy Trustees, can appoint a person other than a licensed attorney to be the representative of an estate for bankruptcy related matters (trustee) such as accountants or financial planners.

6 0
3 years ago
Gilberto Company currently manufactures 40,000 units per year of one of its crucial parts. Variable costs are $1.60 per unit, fi
mestny [16]

Answer:

It is cheaper to make the part. In three years the company will save $12,000.

Explanation:

Giving the following information:

Units= 40,000

Variable costs= $1.60 per unit

Fixed costs= $40,000 per year

Gilberto is considering buying the part from a supplier for a quoted price of $2.70 per unit guaranteed for three years.

We need to calculate the total cost of making and buying the part.

Make in-house:

Total cost= 1.6*40,000 + 40,000= $104,000

Buy:

Total cost= 40,000*2.7= $108,000

It is cheaper to make the part. In three years the company will save $12,000.

5 0
3 years ago
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