Answer:
Sales 3,575,000
Variable Manufacturing 1,567,500
Fixed Manufacturing <u> 247,500</u>
COGS: 1,815,000
gross profit 1,760,000
Variable S&A expense 302,500
Fixed S&A expense <u> 191,250 </u>
Net Income 1,266,250
Explanation:
Absorption cost will consider unit cost only the manufacturing department cost the rest are period cost.
We solve for the fixed overhead per unit using produced units:
Fixed overhead $382,500 / 85,000 = 4.5
Then we add it to the variable cost of 28.5 and get a unit cost of $33
Wer multiply by the 55,000 units to get COGS
the rest will be period cost.
Answer:
b. Enterprise fund and depreciation on the capital assets should be recorded.
Explanation:
Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.
Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
Idk never heard of this before
Based on the question provided above, there are no choices
provided and I have found a similar question that has its choices which are;
-
Use only complex sentences
-
Correct run-on sentences
-
Correct fragments
-
Use only simple sentences
-
Reduce sentence lengths
With the given choices, the correct answers are the
following;
-
Correct run-on sentences – run on sentences
should be corrected in order for the faulty sentences to be improved and revise
as they contain two or more main clause or independent clause in which are
being joined without any word to correct them and by this, it makes the readers
confused.
-
Correct fragments – fragments should be
corrected as these are sentences that are incomplete that makes the content of
an information to lose its value as the information is incomplete.
-
Reduce sentence lengths – it is best to reduce
sentence lengths so that the readers won’t find the reading material boring to
read at and in the same time, make it more easy and attractive to read
Answer:
$4,469
Explanation:
Calculation for what The adjusted cash balance per the books on January 31 is
Using this formula
Adjusted cash balance = cash balance per books -bank service charges - EFT automatically deducted - NSF Check
Let plug in the formula
Adjusted cash balance= $5325 - $31 -$500 -$325
Adjusted cash balance= $4,469
Therefore The adjusted cash balance per the books on January 31 is $4,469
