I don’t know what the percentages are for each one

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding

bulgar [2K]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary product cost= 17 + 7 + 3 + (893,000 / 47,000)

Unitary product cost= 27 + 19

Unitary product cost= $46

Now the income statement:

Sales= 42,000*84= 3,528,000

COGS= (42,000*46)= (1,932,000)

Gross profit= 1,596,000

Total Selling and administrative expenses= (42,000*4) + 560,000= (728,000)

Net operating profit= 868,000

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unitary variable product cost= 17 + 7 + 3

Unitary variable product cost= $27

Now, the income statement:

Sales= 3,528,000

Total variable cost= 42,000*(27 + 4)= (1,302,000)

Total contribution margin= 2,226,000

Total fixed manufacturing cost= (893,000)

Total Selling and administrative expenses= (560,000)

Net operating profit= 773,000

5 0

3 years ago

Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800.

abruzzese [7]

Answer:

A

Explanation:

Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?

6 0

3 years ago

. A purchase of supplies for $500 on account was recorded and posted as a debit to Supplies for $200 and as a credit to Accounts

NISA [10]

Answer: Debit to supplies $300; Debit to Accounts Receivable $200; Credit to cash or accounts payable $500

Explanation: Supplies are inventories of an organisation. Tgey are components of current assets and have a debit balance.

When supplies are purchased, current assets are to be debited to increase the asset.

Depending on the means of purchase either cash or on credit. The credit entry will be passed according. If cash was paid for the supplies, cash is a current asset hence it is credited with the actual amount paid for the supplies inorder to reduce it.

However, if the supplies were bought on credit, accounts payables will be credited. Accounts payables is a liability account that has a credit balance. As such, to increase your liability, you credit it.

5 0

3 years ago

When computing the weighted average cost of capital, which of these are adjusted for taxes? a. cost of debt b. both the cost of

ololo11 [35]

Answer:

a. cost of debt

Explanation:

The formula to compute the weighted average cost of capital is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)

Since the payment for the dividend is not entitled to a tax deduction but the payment for interest is entitled to a tax deduction. And, the after-tax is considered for the cost of debt and the same is shown in the formula above

6 0

4 years ago

Small populations are subject to changes in allele frequencies simply due to random chance, such as the accidental death of an i

Fantom [35]

Small populations are subject to changes in allele frequencies simply due to random chance, such as the accidental death of an individual. This process is known as genetic drift.
Genetic drift refers to some changes in the gene variant (allele) which leads to survival or death of a certain organism.

6 0

3 years ago