Answer:
See below
Explanation:
The computation of carrying value on the balance sheet of the ending inventory of finished goods under variable costing is seen below;
Before that, we have to determine the unit cost
Unit fixed manufacturing overhead = $120,400 ÷ 6,020 units = $20
Then, the difference will be;
= Unit fixed manufacturing overhead × change in inventory in units
= $20 × (6,020 units - $5,920)
= $20 × 100 units
= $2,000 less than absorption costing
It is RECKLESS CONDUCT. Reckless conduct refers to a practitioner's careless act which deviates significantly from the standard of care a reasonable individual would exhibit under a similar situation. Reckless conduct is a culpable offence and is punishable under the law.
Answer:
$600
Explanation:
The written down amount is $725, which is bad debt and provision is not required for it.
The increase in allowance for bad debt is always Written Off by using the provision and at the year end the amount that must have been written off is $600 which is the increase in the provision. This means that the Allowance for Bad Debts is $600.
Answer:
total revenue for the month = $18000
Explanation:
given data
makes quilting kits priced = $120 each
materials each kit total = $45
labor to assemble a kit = $5
rent and insurance = $1,000
heat and electricity = $200
advertising = $500
monthly salary = $4,500
sold = 150 kits
to find out
total revenue for the month
solution
we get here total revenue for a company that will be here product of the price
and it charge for product and no of product it sell so It is nothing to do with cost
so now the total revenue for the month will be
total revenue = sold × makes quilting kits priced
total revenue = 150 × $120
total revenue for the month = $18000
Answer:
The discount rate is 12.46%
Explanation:
In this question, we use the Capital asset pricing model (CAPM).
The formula and computation of the discount rate is shown below:
= Risk-free rate of return + (Beta × Market risk premium)
= 3.5% + (1.12 × 8%)
= 3.5% + 8.96%
= 12.46%
Since we have to compute the discount rate for the project that involves the manufacturing of furniture, so we have to use the Integral designs beta instead of the Honest Abe because Integral design is a furniture maker
