Based on the costs incurred by Kasper Corporation to make the commercial-grade cooking griddle, the total cost per unit is <u>$55.00.</u>
<h3>What is Kaspar Corporation's cost per unit?</h3>
This can be found as:
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead per unit + Variable selling and administrative expenses + Fixed selling and administrative expenses per unit
Solving gives:
= 17 + 8 + 11 + (300,000 / 30,000) + 4 + (150,000 / 30,000)
= $55
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Answer:
The correct answer is option A
a. cure the defect.
Explanation:
A problem that can be corrected based on the agreed terms and conditions by a seller or buyer is a curable defect.
Answer:
Borrowed amount of $2,500
Explanation:
The computation is shown below;
The Total available balance is
= Beginning balance + Receipts - Disbursements
= $12,000 + $30,000 - $34,500
= $7,500
As the cash should be maintained of $10,000
So,
The amount to be borrowed is
= $10,000 - $7500
= $2,500
Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.
<h3>What do you mean by historical costs?</h3>
The price paid when an asset was purchased is known as the historical cost. On a company's balance sheet, the majority of long-term assets are recorded at their historical cost.
One of the fundamental accounting principles outlined by generally accepted accounting principles is historical cost (GAAP). The use of historical cost is consistent with conservative accounting because it avoids overstating an asset's value.
Hence, Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.
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Answer: $6581.58
Explanation:
Based on the information given in the question, the mortgage payment per month will be calculated thus:
= [P x I x (1+I)^N]/[(1+I)^N-1]
where,
P = Principal = $750000
I = Interest rate per month = 10%/12 = 0.10/12 = 0.008333
N = number of installments = 30 × 12 = 360
Then, the equated monthly installment will be:
= [750000 × 0.008333 × 1.008333^360] / [1.008333^360-1]
= [750000 × 0.008333 × 19.8350386989] / [19.8350386989 - 1]
= 123964/18.835
= 6581.58
Under this loan proposal, your mortgage payment will be $6581.58 per month.
