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2 years ago

Randy Inc. produces and sells tablets. The company incurred the following costs for the May:

Business

1 answer:

Reptile [31]2 years ago

6 0

Answer:

Please calculations below

Explanation:

1. Direct material is a material cost that can be traced to production unit ; which consist of the below.

Speakers + Attachable keyboard

5,400 + 20,600

= $26,000

2. Direct labor is a cost identified with wages paid to labourers who manufactures products. It is made up of the below.

Assembly worker wages $28,000

3. Manufacturing overhead refers to costs that are not direct in nature but are incurred for the production of goods and services.

Hourly wages for factory security guard + Factory supervisory salary

= 2,400 + 3,750

= $6,150

4. Total manufacturing cost refers to all costs incurred during production f goods and services.

Hourly wages for factory security guard + Attachable keyboards + assembly worker wages + speakers + factory supervisor salary

= 2,400 + 20,600 + 28,000 + 5,400 + 6,150

= $62,550

5 Total period cost are costs not traced or identified with the whole production flow.

Advertising cost for monthly television add + insurance for delivery truck + factory supervisor salary + marketing manager's salary + CEO's salary

= 6,600 + 660 + 3,750 + 3,450 + 7,800

= $22,260

6.Total variable cost refers to costs that vary with the level of output.

It consist of the items below.

Attachable keyboards + assembly worker wages + miscellaneous soldering material used to seal case + hourly wages for factory security guard + speakers

= 20,600 + 28,000 + 1,250 + 2,400 + 5,400

= $57,650

7.Total fixed cost refers to costs that do vary with output level. It is made up of the items below.

Advertising cost + insurance for delivery cost + factory supervisor salary + marketing manager's salary + CEO salary

= 6,600 + 660 + 3,750 + 3,450 + 7,800

=$22,260

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Answer:

the government's sovereign immunity

Explanation:

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Sovereign immunity basically states that the federal government cannot be sued for its actions unless those actions are included in the Federal Tort Claims Act. To be able to sue a state government other rules apply, specially regarding the circumstances around the reason for the claim.

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2 years ago

Robert Wilkins has prepared the following list of statements about process cost accounting. Identify each statement as true or f

Alex17521 [72]

Answer:

Identification of True or False Statements:

1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion.

A. True

2. A process cost system is used when each finished unit is indistinguishable from another.

A. True

3. Companies that produce soft drinks, movies, and computer chips would all use process cost accounting.

A. True

4. In a process cost system, costs are tracked by individual jobs.select between

False

5.Job order costing and process costing track different manufacturing cost elements.

B. False

6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead.

A. True

7. Costs flow through the accounts in the same basic way for both job order costing and process costing.

A. True

8. In a process cost system, only one work in process account is used.

A. True

9. In a process cost system, costs are summarized in a job cost sheet.

B. False

10. In a process cost system, the unit cost is total manufacturing costs for the period divided by the equivalent units produced during the period.

A. True

Explanation:

A process costing system is a method of collecting and assigning manufacturing costs to the units produced. It is used by companies that produce similar or identical units of product in batches employing a consistent process. The unit cost is arrived at by averaging units produced to the total cost of the process.

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2 years ago

Lexington Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions ar

sleet_krkn [62]

Answer:

$2,115

Explanation:

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net cash flow from financing activities = $1,250 (from additional stock) - $1,825 (bank payments) - $1,540 (dividends paid) = $2,115

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2 years ago

In a given year, Jennifer earns $50,000 and spends $40,000. During the same period, Stcve earns $30,000 and spends $27,000. If J

elena55 [62]

Answer:

The sales tax is regressive with respect to income

Explanation:

sales tax by Jennifer = 0.1*30000

= 3000

tax/income = 3000/50000

= 6%

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= 2700

tax/income = 2700/30000

= 9%

The tax increases with decrease in income, it indeed is regressive on the whole.

Therefore, The sales tax is regressive with respect to income

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2 years ago

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Sladkaya [172]

Answer:

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