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Vsevolod [243]
3 years ago
10

Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The

company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are
Business
1 answer:
Arisa [49]3 years ago
4 0

Answer:

$54,020

Explanation:

Total fixed costs = Fixed selling and administrative expenses

Total fixed costs = $54,020

Thus, the total fixed costs for the firm is $54,020

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Select the correct answer.
Fantom [35]

Answer:

The correct answer is option C.  Housekeeping service

Explanation:

In hotels and cruises, one of the common aspects is the house keeping services. Cruises and hotels cannot function without housekeeping because the guests stay over night.

The length of customer stay, type of location and profile of the customer basically vary in each for different customers and their budget. But regardless of all the factors, they will receive housekeeping services.

7 0
3 years ago
Acute Company manufactures a single product. On December 31, 2014, it adopted the dollar-value LIFO inventory method. The invent
Law Incorporation [45]

Answer:

Acute Company

Year Ended December 31 Inventory at

Respective Year-End   Prices     Relevant Price Index   Dollar-value LIFO

2015                       $363,000      1.10                                 $330,000

2016                         420,000      1.20                                  350,000

2017                         430,000      1.25                                 344,000

Explanation:

a) Data and Calculations:

Year Ended December 31 Inventory at Respective Year-End Prices Relevant Price Index (Base Year 2014)

Year   Year-End Prices   Price Index

2015    $363,000           1.10

2016      420,000           1.20

2017      430,000           1.25

Dollar-value LIFO:

2015 = $363,000/1.10 =   $330,000

2016 = $420,000/1.20 = $350,000

2017 = $430,000/1.25 = $344,000

b) The implication is that the respective year-end prices are re-calculated using the 2014 base year index.  This prunes the effect of inflation on the most recent prices when compared to the base year of 2014.  It makes the ending inventories for the years to be comparable since the inflation-influenced cause has been removed.

4 0
3 years ago
In selecting machine usage as the primary cost driver of overhead costs for the Production​ Department, management feels that th
pychu [463]

Answer:

True

Explanation:

Machine is the key component while processing the raw material into finished goods.

This is related to the goods as machine hours are directly related with the number of units.

Accordingly, there is a belief of management that the overheads are directly related to machine hours.

And thus, they are allocated based on machine hours under traditional costing. As therefore, the statement is true as states all of the above things.

5 0
3 years ago
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.
diamong [38]

Answer:the machine’s second-year depreciation and year end book value under the straight-line method is $3,990 and$40,420 respectively.

Explanation:

Straight line depreciation is calculated as

Depreciation= Initial value – salvage value / useful life

Depreciation=($48,400- $9,000)/10=$3,990

The depreciation expense each year would be $3990

Book value = Cost of asset- accumulated deprecation

Book value = Cost of asset - (2 years x depreciation)

=  $48,400- (2 x $3,990)

= $40,420

Therefore, the machine’s second-year depreciation and year end book value under the straight-line method is $3,990 and$40,420 respectively.

3 0
2 years ago
What huge Christmas gift did France give to the United States of America in 1886?
chubhunter [2.5K]
<span>♥The Statue of Liberty was given by the french as a Christmas present. </span>
4 0
4 years ago
Read 2 more answers
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