Answer:
See explanation section
Explanation:
The examples of variable cost per unit are as follows:
1. Direct Materials per unit;
2. Direct wages per unit;
3. Variable manufacturing overhead per unit;
4. Variable selling expense per unit;
5. Variable administrative expense per unit.
If all the expenses are given in accounting math, we have to add all the expenses per unit to determine the variable cost per unit.
According to the question, as there are 18000 units are produced and sold, we have to multiply the variable cost per unit by the total number of units.
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparation, first, we have to compute the net income which is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $766,600 - $524,400 - $86,300
= $155,900
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Yes, stores should be forced to obey minimum prices for a good or a company that is selling a service should as well. They should have to obey by this so that price competition isn't ongoing in the market. Larger producers can often charge a smaller amount for a product because they are producing them in high qualities. By charging less it gives them a competitive advantage over their competition in means of price. Unless the item is on clearance because a company is discontinuing stock of that item, they should have a set minimum as they do a set maximum they are allowed to charge for that item.
Answer:
value of this company's inventory at the lower of cost or market is $6,900
Explanation:
given data
selling price = $30 per unit
selling price fall = $25 per unit
current inventory consists = 300 units
purchased = $26 per unit
Replacement cost fall = $23 per unit
solution
As we know Under Cost or Market Price here lower price is Net realizable value is
lower price is Net realizable value = $23
so that value of company's inventory at the lower of cost will be
value of company's inventory = lower price is Net realizable value × Units in the inventory .....................1
put here value and we get
value of company's inventory = $23 × 300
value of company's inventory = $6,900
Answer:
The correct option is B, Rita's is in breach of contract.
Explanation:
Breach of contract occurs when a party or parties to a legally binding and enforceable agreement refuse to discharge their duties as stipulated in the contract.
Even though Rita's inability to pay as at when due was not intentional as Rita's bank had closed, the onus is still on the company to fulfill its obligation.
It is important that both parties find an amicable way to enforce the terms of the contract or Commercial Construction ,Inc (CCI) tries recover financial damages caused to it by the breach or in an extreme situation, they settle for lawsuit.
