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3 years ago

1. For financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units

Business

1 answer:

Dvinal [7]3 years ago

7 0

Answer: $‭‭450,225‬

Explanation:

Product costs = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead

= (21,750 * 7.80) + (21,750 * 4.80) + (21,750 * 2.30) + (21,750 * 5.80)

= 169,650 + 104,400 + 50,025 + ‭126,150‬

= $‭‭450,225‬

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3 years ago

North Company has completed all of its operating budgets.The sales budget for the year shows 50,600 units and total sales of $2,

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The sales budget for the year shows 50,600 units and total sales of $2,317,800.

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Selling and administrative expenses are expected to be $304,000.

Income taxes are estimated to be $270,180.

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Sales= 2,317,800

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3 years ago

At the beginning of his current tax year, David invests $13,410 in original issue U.S. Treasury bonds with a $10,000 face value

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Answer:

The amount of income that David will report this year if he elects to amortize the bond premium is $455.94.

Explanation:

This can be calculated as follows:

Interest income = Carrying value of the bond * Yield to maturity…………….. (1)

Where;

Carrying value of the bond = $13,410

Yield to maturity = 3.4%

Substituting the values into equation (1), we have:

Interest income = $13,410 * 3.4% = $455.94

Therefore, the amount of income that David will report this year if he elects to amortize the bond premium is $455.94.

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