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ryzh [129]
2 years ago
12

A partial listing of costs incurred at Archut Corporation during September appears below:Direct materials $ 113,000Utilities, fa

ctory $ 5,000Administrative salaries $ 81,000Indirect labor $ 25,000Sales commissions $ 48,000Depreciation of production equipment $ 20,000Depreciation of administrative equipment $ 30,000Direct labor $ 129,000Advertising $ 135,000The total of the period costs listed above for September is:_______.a) $344,000b) $292,000c) $50,000d) $294,000
Business
1 answer:
Sloan [31]2 years ago
6 0
Total period cost for September is 292,000
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A private not-for-profit entity is working to create a cure for a disease. The charity starts the year with one asset, cash of $
BARSIC [14]

Answer and Explanation:

Net assets:

Donor without restrictions $488400

Donor with restrictions. $320100

Liabilities:

Notes payable. $250000

Salaries payable. $5000

Deferred revenue $27500

Donated amount in separate entity $10000.

$1101000

Assets:

Cash $738000

Equipment $280000

Receivables $83000

$1101000

Notes:

1. Cash.

Beginning cash $700,000

contributions $210,000

less salaries $80,000

less equipment purchase $50,000

Membership dues $30,000

Add contribution $10,000

Add investment income $13,000

less advertisement pay $2,000

less pay for supplies $93,000

2.Pledges receivable:

$78,000 plus the $5,000 in interest for period

3. Equipment. acquired equipment at $300,000 during the year.

4. Accumulated Depreciation: depreciation amounted to $20,000 for the equipment purchased till date.

5. Deferred Revenue: deferred revenue amounts to 27500 in membership dues since they've only earned 1/12 of the $30000 in exchange transactions.

6. Notes Payable: amount accrued for equipment

7. Salaries Payable: salaries owed employees as at end of the year

9. Donated Amount in Separate Entity. The organization does not hold variance powers for the amount contributed by a donor and so it's a liability

4 0
2 years ago
On March 28, 2020, a U.S. company issues a purchase order to buy merchandise for NZ$100,000. The company will pay the supplier o
Brut [27]

Answer:

A. $73,000

Explanation:

When a company is protected by a hedge it pays the forward exchange rate of the day it entered into the forward contract when payment date has come.

The Question is incomplete. Below are the missing parts and attached picture with spot rate and forward exchange rate.

Select one:

A. $73,000

B. $72,700

C. $73,200

D. $75,000

8 0
2 years ago
It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other p
dsp73

Answer:

a. Do these preferences exhibit a diminishing marginal rate of substitution?

  • no, because the consumer is actually purchasing a higher amount of goods, the only difference is that they are paying a lower price.

Assume that this consumer has $24 of income to spend on sugar, and the price of store-brand sugar is $1 per pound and the price of producer-brand sugar is $3 per pound.

  • The consumer will purchase 24 pounds of price of store sugar simply because the price is much lower, not because he/she wants to consume less. Actually a lower price might result in an increase of consumption.

b. How much of each type of sugar will be purchased?

  • If the consumer is willing to spend the whole $24 on sugar, he/she will purchase 24 pounds of store brand sugar. The alternative is to buy 8 pounds of producer brand sugar, and that is not a good deal.

c. How would your answer change if the price of store-brand sugar was $2 per pound and the price of producer-brand sugar was $3 per pound?

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8 0
2 years ago
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted
julsineya [31]

Answer:

Accounts payable at the end of December would be $184,500

Explanation:

In order to calculate the Accounts payable at the end of December we would have to calculate the following formula as follows:

Accounts payable at the end of December=cost of goods sold+ Desired ending inventory- Beginning inventory

cost of goods sold=Sales×percentage of cost of goods sold

cost of goods sold=$326,000×75%

cost of goods sold=$244,500

Desired ending inventory=$226,000*75%*80%

Desired ending inventory=$135,600

Beginning inventory=$244,500*80%

Beginning inventory=$195,600

Therefore, Accounts payable at the end of December=$244,500+$135,600  - $195,600

Accounts payable at the end of December=$184,500

Accounts payable at the end of December would be $184,500

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2 years ago
Which of the following statements concerning a process cost accounting system is false? A. The units in beginning inventory plus
Hitman42 [59]

Answer: The statement "A. The units in beginning inventory plus the units transferred out during the month should equal the units in the ending inventory plus the units transferred in during the month." is <u>FALSE.</u>

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