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blondinia [14]
3 years ago
5

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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Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. Boats from as far away as California and Japan
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Answer and Explanation:

a. The crabs are a Common Good. They means can run out of supply if their use gets too much by society. Therefore, the decline of the Alaska king crab fishery can be explained by stating that the plenty types of boats such as those from California and Japan, has caused people to overfish, excessive fishing has brought about a decline in the supply of crabs.

b. There are 2 ways to avoid this

1. fishing permits have to be sold to the fishermen coming to fish for the crabs. Then the persons with the highest willingness to pay will come and buy the permits to fish.

2. Issuing just a particular amount of permits this would cause the fishermen to trade these permits. These open-market strategies have proved to be effective in organizing economic activity and are good stimulators in an economy.

c. They have been successful because regulations have been placed on fishing by the government. Also, if there are restrictions on other countries using up their spots and Canadians are the only ones fishing salmon, then there will be reduction in the decay rate of the population of the salmon, the salmon can easily repopulate, then Canadians would be able to come back the next year to fish again..

7 0
3 years ago
Balance sheet. Use the data from the following financial statements in the popup​ window. Complete the balance sheet. Hint: Find
Lana71 [14]

Answer:

57

Explanation:

im rich

5 0
3 years ago
Bellbird Corporation acquired an 80% interest in Honey Inc for $130,000 on January 1, 2014, when Honey had Capital Stock of $125
Lyrx [107]

Answer:

$15,750

Explanation:

The computation of the net income reported by two methods is shown below:

= Income from Corporal + Non-controlling interest income

= $12,600 + $3,150

= $15,750

Or we can one thing also

= Income from Corporal ÷ acquiring percentage

= $12,600 ÷ 80%

= $15,750

All other information that is mentioned in the question is not relevant. Hence, ignored it

5 0
3 years ago
Support systems on a service blueprint include all of the following except the _____ .
Gre4nikov [31]

Answer:

server

Explanation:

A service blueprint is a diagram or an illustration of the service process in an organization. It visualizes a company's service process to identify improvement areas to provide a better customer experience.

A service blueprint illustrates the relationship between various service components that interact directly or indirectly with customers. They include customer facings and back-office employees and digital interfaces such as the company website.

3 0
2 years ago
Causwell Company began 2021 with 13,000 units of inventory on hand. The cost of each unit was $6.00. During 2021 an additional 3
MAVERICK [17]

The cost of Goods Sold - FIFO is 120000 and the cost of Goods Sold - LIFO is 120000.

<h3>How is the cost of goods sold for 2021 using the FIFO method calculated?</h3>

Per Unit Average Cost:

= Cost of Goods Sold with Average Cost ÷ Total Units Sold

= 150,000 ÷ 20,000

=7.5

Cost of Goods Available for Sales:

= (Total of Inventory + Purchased Units) × Per Unit Average Cost

= 43,000 × 6.00

= 258000

Cost of Units Purchased in 2021:

= Cost of Goods Available for Sale - Opening Inventory × Unit Cost

=258000 - 13,000 ×6

=180000

Per Units Cost of Units Purchased in 2021:

= Cost of Units Purchased in 2021 ÷ Total Units Purchased

=  180000 ÷ 30,000

= 6

Part 1:

Cost of Goods Sold - FIFO

Cost of Goods Sold:

= (Opening Inventory × Unit Cost) +  (30,000 - 23,000) × Per Units Cost of Units Purchased in 2021

= 13,000 × 6 + 7,000 × 6

= 120000

Part 2:

Cost of Goods Sold - LIFO

Cost of Goods Sold:

= units sold in 2021 × Per Units Cost of Units Purchased in 2021

= 20,000 × 6.00

= 120000

To learn more about FIFO method, refer

brainly.com/question/13827586

#SPJ9

7 0
10 months ago
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