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Blizzard [7]
3 years ago
15

High Country Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 6,000 units of pro

duct A, and 14,000 units of product B. Product A normally sells for $12 per unit, and product B for $4 per unit. If High Country sells 2,000 units of A, what amount of gross profit should it recognize?A. $750.
B. $2,250.
C. $16,500.
D. $4,750.
Business
1 answer:
SCORPION-xisa [38]3 years ago
7 0

Answer:

$9,000

Explanation:

Calculation for the amount of gross profit that should be recognize

First step is to calculate the

A's sale value = 6,000 unit*12 per unit

A's sale value = $72,000

Second Step is to calculate B's sale value

B's sale value = 14,000 units*4 per unit

B's sale value= $56,000

Third step is to calculate the Total sale value

Total sale value = $72,000 + $56,000

Total sale value= $128,000

Fourth Step is to calculate the Cost of goods sold of A for 6,000 units and 2,000 units

Cost of goods sold of A for 6,000 units = ($72,000/$128,000) * $80,000

Cost of goods sold of A for 6,000 units = 0.5625*$80,000

Cost of goods sold of A for 6,000 units= $45,000

Cost of goods sold of A for 2,000 units = $45,000*2,000/6,000

Cost of goods sold of A for 2,000 units = $15,000

Last step is to calculate the Gross profit of A for 2,000 units

Gross profit of A for 2,000 units = (2,000*12 per units) - 15,000

Gross profit of A for 2,000 units = $24,000 - $15,000

Gross profit of A for 2,000 units = $9,000

Therefore the amount of gross profit that should be recognize will be $9,000

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Answer:

Total product A Sales = $132000

Total Product B Sales = $182000

Total Sales of Both Products = $314000

Explanation:

The Product A sales calculated using the formula = Budgeted Units Sold x Sales price Per Unit of Product A

Total Product A Sales = 12000 x $11 = $132000

The Product B sales calculated using the formula = Budgeted Units Sold x Sales price Per Unit of Product B

Total Product A Sales = 14000 x $13 = $182000

Total sales of Both product = Total Product A Sales + Total Product B Sales

Total Sales of Both Product = $132000 + $182000 = $314000

The budgeted sales for the Modesto Corp. is $314000

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Salsk061 [2.6K]
<span>the result will be an overdraft </span>
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sveticcg [70]

Answer:

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Incentive systems promote and encourage specific workers' actions or behavior. They are particularly used in businesses to motivate employees to adopt certain behaviors during a change transition by management.  Studies have shown that if correct incentive systems are correctly selected, implemented, and monitored, they can increase team performance by an average of 44 percent.  This improved performance makes incentive systems attractive to leaders who are implementing organizational changes.

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Barbara is a producer in a monopoly industry. Her demand​ curve, total revenue​ curve, marginal revenue​ curve, and total cost c
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Answer:

D

Explanation:

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since MR=40 - 0.5Q

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An instance of someone making a declaration is a person who stands up boldly in a meeting with a factor in opposition to the presenter, despite having valid proof to guide his statement. An example of an announcement become that of ancient scientists that stated the arena changed into a flat.

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