Answer:
the cost recorded for the equipment is $52,500
Explanation:
The computation of the cost recorded for the equipment is shown below:
The Cost of equipment is
= Purchase price + Transportation cost + Sales tax + Installation cost
= $45,000 + $2,300 + $3,100 + $2,100
= $52,500
Hence, the cost recorded for the equipment is $52,500
The same is to be considered by applying the above formula
Answer and Explanation: From the following given case or scenario, we can state that the manager is most likely to said the given because he/she thought that <em>being too critical might put Malcolm on the defensive end and thus hamper his social skills and creativity</em>. Here, in this case the manager asks the other employees not to have a critical review of Malcolm's suggestion and to avoid having an argument on his suggestion.
Answer:
The inventory would be increased by $55,283 and the profit has been decreased by the same amount.
Explanation:
The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:
Closing inventory difference = $225,513 - $170,230 = $55,283
This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.
Answer:
$480,000
Explanation:
Calculation to determine what total relevant costs to make the part internally are
First step is to calculate Relevant cost per unit:
Relevant cost per unit:
Direct materials $6
Direct labor $24
Variable manufacturing overhead $12
Fixed manufacturing overhead ($15 × 0.40) $6
Relevant manufacturing cost $48
Now let determine the Total relevant costs to make the part internally
Total relevant costs to take the part internally=($48 × 10,000)
Total relevant costs to make the part internally = $480,000
Therefore total relevant costs to make the part internally are $480,000
I would say that the correct answer from the choices listed above is the third option. Bob would most likely going to buy bonds. Bonds are known to be very safe however it has low return. So, it should bonds the correct answer. Hope this helps. Have a nice day.
