Answer:
Fixed Component of the selling, general adn adminsitrative cost 147,000
Explanation:
We calculate the fixed cost using the high low method.
![\left[\begin{array}{ccc}High&7000&294700\\Low&6000&273600\\Difference&1000&21100\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DHigh%267000%26294700%5C%5CLow%266000%26273600%5C%5CDifference%261000%2621100%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We subtract high from low the difference is that 1,000 units generates 21,100 dollars of cost
variable cost per unit then will be:
21,100 / 1,000 = 21.1
we now calculate fixed cost:
Total cost = variable x Q + fixed cost
When Q = 6,000 total cost: 294700
294,700 = 21.1 (6,000) + Fixed Cost
Fixed Cost = 147,000
Answer:
a. work in process inventory
Explanation:
In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.
An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.
Also, the three (3) main cost concept associated with an inventory are;
1. First In First Out (FIFO).
2. Last In First Out (LIFO).
3. Weighted average cost.
Goods that are partially completed by a manufacturer are work in process (WIP) inventory.
LoL
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So A.)
Answer:
Mary can cancel the transaction at any time before midnight of the third business day thereafter.
Explanation:
If she is having second thoughts about the deal , then Mary can cancel the transaction at any time before midnight of the third business day thereafter this is due to the fact that Mary may exercise the right to rescind or cancel the transaction until midnight on the third day after the transaction. She can cancel the deal at no cost to herself within 3 days of closing.
Answer:
All of the above
Explanation:
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