Whays the difference in price beyween buying 10 jackets and buying 11 jackets

Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used

Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity. Raw Materials are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0

2 years ago

Tustin Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 68 Manuf

riadik2000 [5.3K]

Answer:

The net operating income under variable costing is $139,000

Explanation:

Tustin Corporation

Contribution Margin Income Statement for 1st year

Amount

Revenue $680,000

(10,000 * $68)

Less: Variable Expense

Direct Material = $100,000

(10,000 * $10)

Direct Labor= $60,000

(10,000 * $6)

Variable manufacturing overhead $40,000

(10,000 * $4)

Variable selling and administrative <u>$60,000</u>

expense (10,000 * $6)

Contribution $420,000

Less: Fixed Costs

Fixed Manufacturing overhead $220,000

Fixed selling and administrative $61,000

overhead

Net Income $139,000

5 0

2 years ago

Schwiesow Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.05 Direct labor

hoa [83]

Answer:

Total overhead= $17,600

Explanation:

Giving the following information:

Variable manufacturing overhead $ 1.65

Fixed manufacturing overhead $ 11,000

Units produced= 4,000

<u>The total overhead is the sum of the total variable cost and the total fixed costs.</u>

Total overhead= 1.65*4,000 + 11,000

Total overhead= $17,600

8 0

2 years ago

Imagine you are experiencing a major conflict in your place of work. The team with which you are working at the time has split i

CaHeK987 [17]

Answer:

Compromising and collaborating are the strategies that should be used.

Explanation:

Collaboration can be understood as the procedure of two and more individuals entities, or organisations cooperating to complete a task or achieve an objective.

Cooperation and collaboration are two terms that are often used interchangeably. Most collaborations necessitate leadership, albeit it might take the character of social governance within a decentralized and democratic organisation.

To compromise would be to reach an agreement between two or more parties in which each party relinquishes a portion of its claim. Compromise is the idea of reaching an arrangement through negotiation in a disagreement.

4 0

2 years ago

Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part

crimeas [40]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The machine cost $120,000, and its estimated useful life was four years or 920,000 cuttings, after which it could sell for $5,000.

Each method has a different formula. In the straight-line depreciation, each year's depreciation expense is the same. On the other hand, double-declining balance depreciation expense declines with the years. While the units of production method, depreciation expense varies according to use.

A) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (120,000 - 5,000)/4= $28,750 per year

B) Double declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= 2*(115,000/4)= 57,500

Year 2= 2*[(115,000 - 57,500)/4]= 28,750

Year 3= 2*[(57,500 - 28,750)/4]= 14,375

Year 4= 2*[(28,750 - 14,375)/4]= 7,187.5

C) Units of production:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Year 1= [(115,000)/920,000]*200,000= $25,000

Year 2= (0.125)*350,000= 43,750

Year 3= 0.125*260,000= $32,500

Year 4= 0.125*110,000= $13,750

6 0

2 years ago