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hichkok12 [17]
2 years ago
6

Excel SIM: High-Low Method; Contribution Format Income Statement Analyze a mixed cost using a scattergraph plot and the high-low

method. Prepare income statements for a merchandising company using the traditional and contribution formats.
Business
1 answer:
Rasek [7]2 years ago
7 0
No that is not right she does
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In the first quarter of operation, the Blending Department of ChemUSA produced 50,000 barrels of Compound X and left 20,000 barr
Afina-wow [57]

Answer:

1. Compound X started in first quarter = 50,000 Barrels + 20,000 Barrels

Compound X started in first quarter = 70,000 Barrels.

2. Finished goods unit = 50,000

Finished goods completed % = 100%

Finished goods equivalent Units = 50,000 * 100% = 50,000

Work in process unit = 20,000

Work in process completed % = 55%

Work in process equivalent Units = 20,000*55% = 11,000

Total Equivalent Unit = 50,000 + 11,000 = 61,000

Cost per equivalent unit = $231800/61000 = $3.80

Total cost = [Finished goods equivalent Units*Cost per equivalent unit] + [Work in process equivalent Units*Cost per equivalent unit]

Total cost = 50,000*$3.80 + 11,000*$3.80

Total cost = $190,000 + $41,800

Total cost = $231,800

7 0
3 years ago
At February 1, 2022, the balance in Wildhorse Co. supplies account was $3780. During February Wildhorse purchased supplies of $3
otez555 [7]

Answer: $2,700

Explanation:

The balance in Supplies account at the end of February can be calculated using the formula:

= Beginning balance + Supplies purchased in the month - Supplies used in the month

= 3,780 + 3,240 - 4,320

= $2,700

4 0
2 years ago
Entity A supplies planed timber, paint, varnish, springs, upholstery, and cushioning to Entity B, which produces a ready to use
zysi [14]

Answer:

A is an upstream supply chain member while C is the downstream chain member

Explanation:

There are two portions of the supply i.e downstream and upstream. In the upstream it reflects the suppliers of the organization and its process for managing the relation

While on the other hand the downstream reflects the process for distribution and delivery of products to the customers T

Therefore in the given case, Entity A is upstream while the Entity C is downstream

4 0
3 years ago
Mortgage preapproval means a lender has agreed to loan you a set amount of money as long as you meet certain conditions.
zmey [24]

Answer: True,

Preapproval is when the lender guarantees to loan you a set amount of money, so long as you meet certain conditions and the home meets their requirements.

To be pre-approved for a mortgage means that a bank or lender has investigated your credit history and determined that you would be a suitable candidate for a mortgage.

5 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million, and $40.4 million, res
cupoosta [38]

Answer:

Net cash flow from investing activities is $47.2 million -$58.6 million =-11.4 million.

Explanation:

Draft Cashflow Statement.

Operating Activities; $0.0 million

Investing Activties;

Cash Inflows;

Sales of ; investment $32.0 million,plus sales of Land $15.2 million =$47.2 million.

Cash outflows; Purchase of ; treasury stock -$21.2, plus equipment -$25.2 million, plus patent -$12.2 million =-$58.6 million

Net cash flow from investing activities is $47.2 million less $58.6 million=-11.4 million.

Financing Activities;

Issues of common stock $40.4

Note that sales of own common stock is a financing activity

4 0
3 years ago
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