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3 years ago

Lekhak Ne nai secunder Kise kaha haihindi

Business

1 answer:

taurus [48]3 years ago

7 0

I question what exactly this type of very unspecific question is doing in the ‘business’ section

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Delar Co. completed its year-end physical count of inventory. The inventory was valued at first-in, first-out (FIFO) costs and t

Alexeev081 [22]

Answer:

C. $500,000

Explanation:

FOB which means free on board is a phrase used in commercial law indicating the point where either the buyer or seller is liable for goods that are damaged or destroyed during shipping. In FOB destinations, the title of ownership and risk is transferred to the buyer at the buyer's office, loading dock, post office and so on. Therefore, it is correct to include inventory that was shipped in inventory physical count due to the fact that inventory wasn't delivered to customer at year end.

While the goods held for consignment are not sold but rather they are given to an agent for possible sale. They are included in the inventory of the consignor. Thus, this is why Declar should report $500,000 as inventory at the end of the year.

5 0

3 years ago

A firm called Can't Be Stopped, Won't Be Stopped uses process costing to determine the cost of inventory. All direct materials a

Luden [163]

Answer:

Weighted average: $117.81 conversion costs per equivalent unit

FIFO: $115.94 conversion costs per equivalent unit

Explanation:

completed 9,000

ending WIP 500 at 25%

beginning WIP 1,000 at 50%

<u>weighted average:</u>

completed units + percentage of completion ending WIP

9,000 + 500 x 25% = 9,125

cost: 75,000 + 1,000,000 = 1,075,000

conversion cost per unit:

1,075,000 / 9,125 = 117,81

completed units + percentage of completion ending WIP - begining WIP

9,000 + 500 x 25% - 1,000 x 50% = 8,625

cost of the equivalent units

1,000,000 / 8,625 = 115.94

5 0

3 years ago

Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, re

KonstantinChe [14]

Answer:

$15 per backpack

Explanation:

The average variable cost per of producing a backpack by using the high low method is shown below:

Variable cost per backpack = (High total cost - low total cost) ÷ (High backpack produced - low backpack produced )

= ($110,000- $87,500) ÷ (4,000 backpack produced - 2,500 backpack produced )

= $22,500 ÷ 1,500 backpack produced

= $15 per backpack

6 0

4 years ago

A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July

Rainbow [258]

Answer:

a. The preparation of partial amortization is shown below:-

b. $2,892

Explanation:

a. Date Lease Effective Decrease in Outstanding

payment interest balance balance

July 1 $150,000

July 1 $5,376 $5,376 $144,624

($150,000 - $5,376)

Oct 1 $5,376 $2,892 $2,484 $142,140

( $5,376 - $2,892) ($144,624 - $2,484)

b. Interest expense on October 1 = $2,892

Working Note:-

Take the outstanding balance times 2% (8% annual = 2% quarterly)

So, the Effective interest = $144,624 × 0.02

= $2,892.48

4 0

3 years ago

Classify the following activities in providing medical services at Healthsmart Clinic.

Lunna [17]

Answer:

The following Classification of activities for medical services at health smart clinic is categorized below

Explanation:

Solution

Given that:

The following activities for providing medical services at health smart Clinic is stated below:

Activity Control level Activity Driver

A. Patient registering - Unit level - Number of patients

B. Cleaning beds - Unit level - bed, patients, labor hours

C. Stocking examination rooms - Facility Level - Number of rooms

D. Washing linens - Batch level - Loads

E. Ordering medical equipment - Facility Level - Cost of equipment, Number of suppliers

F. Heating the clinic - Facility Level - Degree days, space

G. Providing security services - Facility level - No. of days , area covered

H. Filing prescriptions - Batch level - No. of prescriptions

4 0

3 years ago

Lekhak Ne nai secunder Kise kaha haihindi​

Lekhak Ne nai secunder Kise kaha haihindi