Answer:
FIFO 87100
LIFO 92600
AVERAGE 88400
Explanation:
a)FIFO 1000 12 1000 12 12000
2000 18 1500 18 27000
2500
0 12 0 12 0
500 18 500 18 9000
3000 23 1700 23 39100
2200 87100
b)LIFO 1000 12 500 12 6000
2000 18 2000 18 36000
2500
500 12 0 12 0
0 18 0 18 0
3000 23 2200 23 50600
2200 92600
c)average 1000 12 12000 500
2000 18 36000 2000
3000 16 48000 2500 16 40000
500 16 8000 0
3000 23 69000 0
3500 22 77000 2200 22 48400
88400
Answer:
Both direct and indirect costs
Explanation:
Direct costs refer to those costs which can be directly related to and identified with a production activity. These costs often vary with the production level i.e these costs are usually variable in nature. These are usually factory costs. Examples of direct costs are, direct material, direct labor, worker wages etc.
Indirect costs are those costs which are incurred for multiple activities. Such costs cannot be identified and applied to one activity alone. Office expenses, rent for the whole building, utility expenses etc comprise examples of indirect costs.
In the given case, managers of a discount store chain are considering addition of a new auto service department. The addition of such a department will incur both direct and indirect costs in the form of wages, utilities, rent, etc. Thus, the managers need to consider both direct and indirect costs.
Answer:
The expected January 31 Accounts Payable balance is $6,590
Explanation:
The December Accounts Payable balance is $7,900 - this is the 50% purchase amount in December and will be paid in January.
In January, Fortune Company will pay 50% purchase amount in December and 50% purchase amount in January.
Expected payment = $7,900 + 50% x $13,180 = $14,490
At January 31, the expected Accounts Payable balance:
$13,180 x 50% = $6,590
The level of the government that is the one in charge with
the planning controls are the state housing law because this is considered to
be a uniformed law in which all of the cities should follow and adopt for this
has been made and established.
Answer:
It would decrease by $7,504.
Explanation:
The current ratio determines liquidity of a company. The current ratio is calculated by dividing total current assets from total current liabilities. The change in inventory will affect the current ratio of the company. In the consolidated financial statements the value of inventory is decreased due to exchange rate fluctuations. The change in value of inventory will affect the amount reported in the balance sheet of the parent and will ultimately result in reduction of current ratio.
