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vampirchik [111]
2 years ago
12

Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive comma

nds from cell phones. Beginning Inventory 0 Units Produced 25,000 Units Sold 20,000 Selling Price per Unit $144 Variable Sales and Administration Expenses $5 Fixed Sales and Administration Expenses $975,000 Direct Material Cost per Unit $25 Direct Labor Cost per Unit $11 Variable Manufacturing Overhead Cost per Unit $2 Fixed Manufacturing Overhead Cost per Month $977,500 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Nat2105 [25]2 years ago
6 0

Answer:

Appliance Apps

Income statement under the absorption method.

Sales                                                                                     $2,880,000

Less Cost of Sales

Beginning Inventory                                                0

Add Cost of Goods Manufactured                  $1,927,500

Less Ending Inventory                                      ($385,500) ($1,542,000)

Gross Profit                                                                            $1,338,800

Less Expenses

Variable Sales and Administration Expenses  $100,000

Fixed Sales and Administration Expenses       $975,000  ($1,075,000)

Net Income                                                                              $263,000

Explanation:

Units in Ending Inventory

Beginning Inventory             0

Add Units Produced       25,000

Available for Sale           25,000

Less Units Sold               20,000

Ending Inventory              5,000

Absorption Cost calculations

Product Cost = $77.10

Cost of Goods Manufactured = $1,927,500

Ending Inventory = $385,500

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nikitadnepr [17]

Workplace ethics is the ethics we follow t the workplace. Professional ethics which is  closely coined term is the ethics and code of conduct is concerning one's business or related to one's profession.

<u>Explanation:</u>

Ethics is literally defined as the behavior of an individual concerning one's work, personal life and one's dealing with others. These are the set of values and conduct of an individual while performing his or her duty at work or home or anywhere. Its the way one deal with others in his or her personal and professional life.

Workplace ethics of-late has become extremely imperative and sensitive term with the growing complexities and scope of business and commerce. Even government agencies and organisations have started implementing workplace ethics in a big way.  Workplace ethics talks bout one's integrity, uprightness and honesty in transacting business and official dealings at work. Its the behavior of  an employee shows while performing his or her duties. Its not secluded to just employees even employers in the changing business  scenario has to follow and adhere  by certain standards and meet certain guidelines.

Workplace ethics in other words re the set of parameters , regulations and standards which an employee as well as employer has to follow at work place . The core purpose of such ethics is to dd more transparency in the official discharge of duties , standing out as an example for competitors , setting standards for following for laws and being transparent.

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VashaNatasha [74]

Answer:

Cost per letter for the correspondence​ activity= $ 8.75

Explanation:

Flannery​ Company

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Account inquiry​ (hours)$ 77, 000                      2,600 hours

Account billing​ (lines) $ 38, 000                         19,000 lines

Account verification​ (accounts) $ 20,000         30,000 accounts

Correspondence​ (letters) $ 14,000                    1, 600 letters

Activities                          Northeast Office        Midwest Office

Account inquiry​ (hours)          100 hours            200 hours

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Cost per letter for the correspondence​ activity= Total Correspondence/ Total No of letters

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We divide the activity cost with the corresponding cost driver to get the cost per unit of activity.

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