Answer:
china
Explanation:
if your traveling to china on business do not discuss business during meals .
Answer:
$78,540
Explanation:
Given that,
Beginning balance = $65,800
Direct material = $67,400
Direct labor = $186,600
Transfer to finished goods inventory = $353,220
December 31 balance in work-in-process inventory:
= Beginning balance + Direct material + Direct labor + Manufacturing overhead - Transfer to finished goods inventory
= $65,800 + $67,400 + $186,600 + (60% × $186,600) - $353,220
= $65,800 + $67,400 + $186,600 + $111,960 - $353,220
= $78,540
Answer:
10.14
Explanation:
Velocity of money measures the rate at which money changes hands or is exchanged in an economy.
Velocity = (Price × aggreagrate income) / money supply
(1.69 × $15000) / $2500 = 10.14
Answer:
$650,000
Explanation:
The total cost of a company may be grouped into fixed and variable cost. The fixed cost remains constant at a given range of activity levels while the variable cost increases proportionately as the level of activities.
The total variable cost is the product of the unit variable cost and the number of units produced.
Hence, total cost in 2011
= $500,000 + $150,000
= $650,000
Answer and Explanation:
Respected Sir,
Sub: Absorption costing to analyze product costs and subsequent cost-volume-profit decisions
As per your requirement please find the explanation below:
Absorption costing is a process by which we add part of the fixed overhead to the production expense of the goods. If we do on a per-unit basis. Here we will compute by dividing the fixed costs by the number of units that we built and sold over the era. Whereas Variable costing includes fixed overhead as a lump sum instead of a per-unit price.
Under this process, all your variable costs like equipment, raw materials, and shipping are included. We will add the maximum fixed overhead costs for the duration. Such costs are not calculated on a per-unit basis. Rather than we deduct them as a lump-sum expense from your income amount.
Variable costing is really useful as it reveals the earnings after all the expenses are paid for the accounting period. While you would not have earned revenue for the goods we purchased as some may be in the inventory, we are showing you have paid all of your expenses for the time. We have excess revenue when you actually sell the finished goods in the warehouse.
The absorption approach is not all that effective as absorption costing will inflate the income figures excessively in any given span of accounting. Since you're not going to subtract any of your fixed costs as we did not sell any of us produced goods, our profit and loss report doesn't reflect the maximum expenses you've had for the time. Therefore, these results may mislead us when our profitability is analyzed.
Regards
ABC
