Answer:
Countertops Unlimited Manufacturing Account for the year ended
Particulars Amount
Beginning material inventory $16,000.00
Less Closing Work in progress $30,000.00
(WIP) Inventory <u> </u>
Ending material inventory
-$14,000.00
Factory Overhead Cost
Material purchased $205,000.00
Direct labor $65,000.00
Indirect labor $20,000.00
Indirect material used $55,000.00
Factory rent $35,000.00
Utilities <u>$15,000.00</u> <u>395,000,000</u>
Total Manufacturing Costs <u>$381,000.00</u>
Answer:
Explanation:
a. Total cost=4800+30*2*x=4800+60x
The cost for the conference room, instructor compensation, lab assistants, and promotion is $4800
Computer rental - $30 per day
Length of seminar - 2 days
X - number of students
b. total profit = revenue-costs incurred = 300x-(4800+60x)=240x-4800
Projected fee - $300 per student
c. If 30 students enrolled
profit=240*30-4800=7200-4800=2400
d. 240x-4800=0
x=4800/240=20
break-even point is 20, it is point at with profit will equal zero
Answer:
Pharaoh will reduce its cash balance by $1,130
None of the answer options was correct, maybe something was missing in the question like notes collected or other NSF checks.
Explanation:
Pharaoh Company's bank reconciliation:
balance per bank account $23,700
- outstanding checks ($4,800)
+ deposits in transit $7,750
<u>- NSF checks ($500) </u>
total $26,150
<u>- cash balance per books ($27,280)</u>
difference ($1,130)
In order to reconcile the bank account, we do not consider any bank service fees because they are already included in the bank balance. What we must consider are the NSF checks that we deposited and thought were good checks, but instead they bounced.
Answer:
$50,000
Explanation:
Since the partnership is valued at $300,000, then each partner's stake = $300,000 / 3 = $100,000
that means that each partner must purchase 2 policies (one for each of the other partners) that covers his/her stake = $100,000 / 2 policies = $50,000 per policy
Answer:
c. When ordering or setup costs increase, Economic Order Quantity increases
Explanation:
In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.
Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.
In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity
