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4 years ago

The following is information for Palmer Co.:

Business

1 answer:

ivanzaharov [21]4 years ago

8 0

Answer:

i. 4.7 times

ii. 77.1 days

i. 7 times

ii. 52.1 days

Explanation:

Inventory turnover = cost of goods sold / average inventory

average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125

Inventory turnover $426,650 / $90,125 = 4.7 times

Days' sales in inventory = 365 / inventory turnover = 77.1 days

for 2017

inventory turnover = cost of goods sold / average inventory

average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575

Inventory turnover $643,825 / $92,575 = 7.0 times

Days' sales in inventory = 365 / inventory turnover = 52.1 days

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Answer:

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Explanation:

The computation of the equivalent unit is shown below:

= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)

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3 years ago

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Answer:

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3 years ago

Variable Fixed Output Marginal Total Total Marginal cost

allsm [11]

Answer:

The average total cost of producing 60 units of output is:

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Explanation:

a) Data and Calculations:

Variable Fixed Output Marginal Physical Total Total Marginal

Input Input Product of Variable fixed variable Cost

input cost cost

0 1 0 $500 $0

1 1 10 (A) $500 $200 (F)

2 1 25 (B) $500 400 (G)

3 1 45 (C) $500 600 (H)

4 1 60 (D) $500 800 (I)

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Marta_Voda [28]

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3 years ago

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Answer

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4 years ago

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