What are the four main types of Permission Sets in ePO?

Doon Company incurred the following costs while producing 610 units: direct materials, $ 7 per unit; direct labor, $ 26 per

aleksklad [387]

Answer:

B. $ 51 per unit

Explanation:

The computation of the unit product cost using variable costing is shown below:

= Direct material per unit + direct labor per unit + variable manufacturing overhead per unit

= $7 units + $26 + $18

= $51 per unit

It recognizes only variable cost like - direct material, direct labor, and variable manufacturing cost. Hence, all other information is ignored

3 0

2 years ago

Fey Corporation uses the equity method of accounting for its investment in a 30%-owned investee that earned $56,000 and paid $18

tatiyna

Answer:

The answer is : C. Investment overstated; retained earnings overstated

Explanation:

Under the equity method of accounting, Fey Corporation should record the correct entry as below:

Dr Equity Investment 16,800

Cr Equity Income 16,800

Dr Cash 5,400

Cr Equity Investment 5,400

As a result, Investment account has been overstated by $5,400 while Dividend Revenue account has been overstated by $5,400. The overstating in Dividend Revenue will subsequently result to the overstating in Retained Earnings account through closing entry.

So, C. Investment overstated; retained earnings overstated is the correct answer.

6 0

2 years ago

Sheridan sells softball equipment. On November 14, they shipped $3080 worth of softball uniforms to Palos Middle School, terms 2

aniked [119]

Amount will be recognized as net accounts receivable on the balance sheet as of November 30-- $2730

Explanation:

First of all, the order received from Tinley High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.

However, out of the goods of $3080 sold to Palos Middle School,$350 worth has been returned as defective,leaving a balance of $2730 ($3080-$350).

For Palos to be entitled to the discount of 2% they should have made payment by 24th November,which never happened,as a result the accounts receivable stay at $2730.

What Is Net Receivables?

Net receivables are the total money owed to a company by its customers minus the money owed that will likely never be paid. Net receivables are often expressed as a percentage, and a higher percentage indicates a business has a greater ability to collect from its customers.

How do you calculate net accounts receivable?

You calculate net receivables by subtracting allowance for doubtful accounts from accounts receivable (A/R) on the balance sheet. The formula is A/R – allowance = net receivables.

Learn more about balance sheet :

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6 0

1 year ago

If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he thinks his competitors will __

Oliga [24]

Answer:

(A) lower their prices; not raise their prices

Explanation:

The oligopolistic market and the kinked demand curve show the relationship with the existing prices as the firm rise their prices above the current price the competitors will not follow as they have to maintain strict competition and thus the film will lose the market.

But if a firm tends to lower the prices the other will follow and they will retain the market shares and the format output will increase marginally.

Works on the assumptions that prices on the curve are relatively elastic

7 0

3 years ago

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo

Vesnalui [34]

Answer:

Required 1.

Contribution format income statement

East Central West

Division Sales $434,000 $650,000 $500,000

Less Variable Expenses ($230,020) ($130,000) ($250,000)

Controllable Contribution $203,980 $520,000 $250,000

Less Controllable Fixed Costs :

Traceable fixed expenses ($261,000) ($357,000) ($204,000)

Controllable Profit/(Loss) ($57,020) $163,000 $46,000

Required 2.

2a. Calculation of Incremental Net Income - West Division

Incremental Sales ($500,000 × 14%) $70,000

Less Incremental Variable Expenses ($29,000)

Incremental Contribution $41,000

Less Incremental Fixed Expenses $0

Incremental Net Income/ (loss) $41,000

2b. Recommendation

Yes. The Increase in advertising is bringing a positive contribution towards the Company`s loss.

Explanation:

The Company`s loss will reduce by $41,000 to ($56,020) due to increase in advertising.

3 0

2 years ago