Answer:
Gogo Inc. and Mrs. Mill
The Income that Mrs. Mill must recognize in the year of exercise is:
= $23,100
Explanation:
a) Data and Calculations:
Options given to Mrs. Mill = 10,000 shares of Gogo stock
Exercise price of the options = $8 per share
Period of option exercise = 5 years
Selling price of shares at grant date = $7.87
Selling price of shares at exercise date = $10.31
Compensation expense recorded by Gogo = $26,700
Cost of options to Mrs. Mill = $80,000 (10,000 * $8)
Income that Mrs. Mill must recognize in the year of exercise = $23,100 ($10.31 - $8) * 10,000
Answer:
ending finished inventory= $34,500
Explanation:
Giving the following information:
Damsel has provided the following information:
Sales Revenue$75,000
Beginning Finished Goods Inventory28,000
Cost of Goods Sold36,500
Cost of Goods Manufactured43,000
Cost of goods sold= beginning finished inventory + cost of goods manufactured - ending finished inventory
ending finished inventory= beginning finished inventory + cost of goods manufactured - cost of goods sold
ending finished inventory= 28000 + 43000 - 36500= 34,500
Answer:
$373,200
Explanation:
Product cost is derived through the compilation and addition of the cost of direct labor , direct materials and factory overhead involved in the production of an item
Direct cost
Lumber - 80,600
Assembly line - 100,100
Roof - 15,500
Freight raw materials - 3,700
Total - 199900
Factory overhead
Maintenance workers - 60300
Insurance for factory - 21,100
Utilities in factory - 12,300
Factory Supervisor - 60,900
Depreciation of factory machine - 18,000
Lubricant in factory equipment - 700
Total -173,300
Total product cost - 373200
