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3 years ago

Budgeted material-handling costs are $50,000. The material-handling cost per wall mirror under ABC is: $2,000. $1,000.

Business

1 answer:

zlopas [31]3 years ago

4 0

Answer:

the material handling cost per wall mirror is $500

Explanation:

The computation of the material handling cost per wall mirror is as follows;

= Budgeted material-handling costs ÷ material moves × moves ÷ number of wall mirrors

= $50,000 ÷ 20 × 5 ÷ 25

= $500

Hence, the material handling cost per wall mirror is $500

The same is to be considered

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Cash $38,600 Short-term investments 9,000 Accounts receivable 40,000 Inventory 240,000 Prepaid expenses 17,400 Accounts payable

ZanzabumX [31]

Answer:

Current ratio and Acid-test ratio (3.15 and 0.80)

Explanation:

Note: The missing part of the question is "Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio:"

i. Current ratio = Current assets/Current liabilities

Current assets = 38,600 + 9,000 + 40,000 + 240,000 + 17,400

Current assets = $345,000

Current liabilities= 87,200 + 22,300

Current liabilities = $109,500

Current ratio = $345,000 / $109,500

Current ratio = 3.15

ii. Acid-test ratio = {Current assets - (Inventory + Prepaid expenses)}/Current liabilities

Acid-test ratio = 345,000- (240,000 + 17,400 ) / 109,500

Acid-test ratio = 87,600 / 109,500

Acid-test ratio = 0.80

5 0

4 years ago

During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but

Burka [1]

Answer:

Correct answer is D. Credit to Salaries Payable for $8,000

Explanation:

Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.

On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment to recognize the salaries expense applicable for the period. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.

6 0

3 years ago

Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitiv

gladu [14]

Answer:

400

Explanation:

Qd = 45 - 2P

Qd = -15 + P

45 - 2P = P - 15

60 = 3P

60/3 = P = 20

Q = 45 - 2*20 = 5

Q = -15+20 = 5

The quantity will be 5 and price 20

Now we will caclulate the consumer surplus:

Which the area of the demand curve above the equilibrium.

We calculate he area of a triangle:

base x high / 2

$\frac{(45-5)\times20}{2}$

consumer surplus = 400

7 0

4 years ago

Would you prefer a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent? (assume a 28 per

blsea [12.9K]

Prefer the 6.1 percent tax-exempt investment. Let's do the math and see why the tax-exempt investment is the better choice. For the 8.1% taxable investment, you get taxed at the rate of 28%. Which means that you only get to keep 100%-28% = 72% of your gains. So 0.72 * 8.1 = 5.832 which means your effective earning percentage is only 5.832% which is less than the 6.1% rate you get for the tax-exempt investment. Another consideration that wasn't taken into account for the question is the earnings on the taxable investment may push you up into a higher tax bracket. Which in turn increases the tax burden on your other investments. So the better choice here is the 6.1% tax-exempt investment even though that first glance the 8.1% investment looks higher.

7 0

3 years ago

Jeffrey Company wants to double production of Product X from 1,000 units to 2,000 units. The variable manufacturing cost per uni

Whitepunk [10]

Answer:

The incremental revenue of the proposed change = $ 50,000

8 0

3 years ago

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