Answer:
DL, DM, and VOH.
Explanation:
Under the variable costing method, direct labor cost, direct material cost and variable manufacturing overhead cost are cost assigned to the product. administrative, fixed manufacturing overhead cost are not variable cost and hence cannot be assigned to a product under variable costing method. Variable costing methods considers only manufacturing costs that change in total with changes in production level.
Answer:Implementing administrative controls Implementing engineering controls
Explanation:
Answer:
A.
Jan 1 balance 72,350
Add year 1 purchases $22,100
Total $94,450
Deduct the closing balance $69,400
Difference = sold equipment at Net Book Value = $25,050
Add accumulated depreciation to date = $22,000
Cost of equipment sold = $47,050.
B.
Cash flow from investing activities.
Cash received from sale of equipment (the Net book value + Gain in sales) = $30,050
Cash invested in purchase of new equipment -$22,100
Net cash flow from investing activities $7,950
Answer:
$116,161.616
Explanation:
Given that,
Total interest paid = $230,000
Time period = 30 year
Annual interest rate = 6.6%
Total interest on loan = Loan amount × Interest rate × Time period
$230,000 = Loan amount × 6.6% × 30 years
Loan amount:
= $116,161.616
Therefore, the loan amount is $116,161.616.
Answer and Explanation:
The Preparation of direct material budget is shown below:-
Direct Material budget
Particulars Amount
Units to be produced $90,000 Y
Material per unit 2
Total pounds needed for
production M $180,000 2Y
Add: Desired ending Direct
Material Inventory 20% $36,000 (.2 × 2Y = .4Y)
Total Material requirement $216,000 (2.4Y
)
Less: beginning Raw material
Inventory $9,000 (.1Y)
Material to be purchased
Account $207,000 (2.3Y)
Cost per pound C $5
Total cost of direct Material
Purchases A $1,035,000
2Y + .4Y - .1Y = $207,000
Y = $207,000 ÷ 2.3 $90,000
