Answer:
$52.25 per unit
Explanation:
The computation of the selling price is shown below:
= (Unit production variable cost + unit selling variable cost) + {(Production fixed cost + selling fixed cost + Contribution margin) ÷ (annual sales units)}
= $34 + $4 + {($20,000+ $30,000 + $7,000) ÷ (4,000 units)}
= $38 + $14.25
= $52.25
We simply add the variable cost, contribution margin, and the fixed cost
Answer:
$661,500
Explanation:
Given that
Bonds payable $700,000
Discount of issuance = $77,000
The computation of current carrying amount is shown below:-
Current carrying amount = Bonds payable - discount on bonds payable
Discount on bonds payable = Discount at issuance (Issuance ÷ Years bonds payable)
= $77,000 × (10 ÷ 20)
= $38,500
Now we put it into formula
= $700,000 - $38,500
= $661,500
Answer:
$41,000.
Explanation:
The computation of the amount of direct materials cost charged to completed jobs is shown below:
= Direct Material cost - charging cost in direct material cost
= $57,000 - $16,000
= $41,000
By subtracting the charging cost that added in the direct material cost from the direct material cost we can find out the direct material cost charged that is computed above.
Answer:
$577 Unfavorable
Explanation:
The calculation of spending variance for dye costs is shown below:-
Spending variance for dye cost = (Standard rate - Actual variable) × Actual units
= ($0.67 - $13,910 ÷ 19,900) × 19,900
= (0.67 - 0.69899) × 19,900
= $577 Unfavorable
Therefore for computing the spending variance for dye costs we simply applied the above formula.
Answer:
$21,250
Explanation:
Calculation to determine the ending balance in the inventory account
Using this formula
Cost of goods sold = Opening Inventory + Purchase during the year - Ending balance of inventory
Let plug in the formula
$28,000 = $15,250 + $34,000 - Ending balance of inventory
Ending balance of inventory = $49,250 - $28,000
Ending balance of inventory = $21,250
Therefore the ending balance in the inventory account is $21,250
