Answer:
Value of the ending inventory is $ 16,340
Explanation:
<em>The variable costing method is also known as the </em><em>marginal costing method,</em><em> under this method production units and inventories are valued using the variable cost per unit.</em>
Variable cost per unit = D. Material cost+ Direct labour cost + Variable Overhead
To value the closing inventory of the company, we follow the steps below:
Step 1
<em>Calculate the variable cost per unit</em>
= $13.10 + $4.10 = $17.2
Step 2
<em>Calculate the closing inventory</em>
Closing inventory = Opening Inventory + purchases - Sales
= 0 + 5,100 -4,150 = 950 units
Step 3
<em>Value the closing inventory</em>
= VC/unit × units
= $17.2 × 950
= $ 16,340
Value of the ending inventory is $ 16,340
Answer:
$63,260
Explanation:
Break-even point is the level of Activity where a firm neither makes a profit nor a loss.
Break even point (Dollars) = Fixed Costs / Contribution Margin Ratio
Contribution Margin Ratio
Is calculated as := Contribution / Sales
= (Sales less Variable Costs) / Sales
= ($43,000+$56,000-$11,980-$14,750) / $99,000
= $72,270/$99,000
= 0.73
Break even point (Dollars) = $46,180 / 0.73
= $63,260
Answer:
(a) $3 billion
(b) -$1 billion
Explanation:
All are in terms off billion
Y = 20
T = 2
C = 15
I = 2
we know that Y = C + I + G
20 = 15 + 2 + G
20 - 17 = G
G = 3
So the value of the goods and services purchased by the government of Yokovia = 3 billion
Public saving = T - G
= 2 - 3
= - 1 billion
loneliness is one of the unexpected drawbacks.
Answer:
The amount of bad debts expense is $16,000
Explanation:
Bad debt : The Bad debt is that amount in which the chances of payment receive is very less. Thus, the bad debt amount is deducted in the balance sheet under debtors account and also it is shown in Profit and loss Account in debit side.
Under direct write minus off method for bad debts, the bad debt amount is recognized irrespective of whatever information is given.
Since in the question, the non-collectible amount is given which is $16,000.
So, the amount of bad debts expense is $16,000
