Answer:
$1,000
Explanation:
We know that
Total cost = Fixed cost + Variable cost
From the data given, we can calculate the variable cost using the high-low technique.
Variable cost per unit
=
=$15
Lease cost = FC + $15(Machine hours)
Lease cost -$15(Machine hours) = FC
Case,
i) 800 machine hours,
FC = Lease cost - $15(Machine hours)
= $16,000 -$15(1000) = $1,000
Answer:
The correct word for the blank space is: public.
Explanation:
A public corporation has sold stock through an<em> Initial Public Offering </em>(IPO) to the public and that stock is currently traded on a <em>public stock exchange</em> or the <em>Over-The-Counter</em> (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.
Answer:
The correct answer is: $12,000
Explanation:
uncollectible debt = 6% of net sales
= 6/100 × 200,000
= 0.06 × 200,000 = $12,000
Therefore, $12,000 will be removed (debited) from the bad debt expense because it is uncollectible, and it is added (credited) to the Allowance for Doubtful accounts as bad debt to be paid for in the bad debt reserve account.
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
Answer:
6,000
Explanation:
Bellue incorporated manufactures a single product
The variable costing net operating income is $92,400
The inventory is 3100 units
The fixed manufacturing overhead cost is $1
Therefore the absorption cost can be calculated as follows
= 9200-1 x3200
= 9200- 3200
= 6000
Hence the absorption cos is $6,000
