Answer:
Option B.. $50,000
Explanation:
DATA
Coupon rate = 5%
issue value = 2000,000
Time period = 6months ( April 1 to October 1)
Expenditure = ?
Solution
Expenditure recorded by the debt service fund can be calculated as
Expenditure = Issue value x Coupon rate x time period
Expenditure = 2,000,000 x 5% x6/12
Expenditure = 50,000
Option B.. $50,000 would be the correct answer
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Total Estimated total machine-hours (MHs) 10,000
Estimated total fixed manufacturing overhead cost= $45,800
Total Estimated variable manufacturing overhead cost- per MH= $1.90 + $2.10= $4
To calculate the estimated manufacturing overhead rate we need to use the following formula:
<u>Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>
<u>Estimated FIXED manufacturing overhead rate=</u> (45,800/10,000)= $4.58
Answer:
Net Income Bargain Electronics would realize by accepting the special order is - $ 24,000
Explanation:
Bargain Electronics is operating at full capacity, therefore the fixed costs are relevant at this decision.
<u>Incremental Costs and Revenues - Special Order 3000 units</u>
Sales ( 3000 × $25) 75,000
Variable Cost (3000× $20) (60,000)
Fixed Costs (3000× $10) (30,000)
Shipping Costs ( 3000×$3) (9,000)
Net Income -24,000
Answer:
Landing cost = 56.49 dollars per barrel.
Explanation:
Buying Cost of oil barrel = 1,800 Rubles, which is equal to 27.50 USD per barrel.
Shipping Cost = 20 Krones, which is equal to 2.35 USD per barrel.
Refining Cost = 20 Euros, which is equal to 22.82 USD per barrel.
Transportation Cost = 200 Philippine peso, which is equal to 3.82 USD per barrel.
Therefore, to find landing cost of the above mentioned transaction = 27.50 + 2.35 + 22.82 + 3.82 = 56.49 USD per barrel.
Answer:
a. $225, 000
b. $900, 000
c. $140, 000
Explanation:
Ralph Mini-Mart Store in Alpine:
(a) Beginning inventory: this is the value of inventory on hand at the beginning of the financial year. This is the value is the same as the value of ending inventory at the end of the previous financial year. This value includes the value of the inventory and any costs that were incurred to bring the inventory to the organization’s store house.
For Ralph Mini- Mart, beginning inventory = $225, 000 (refer to item 5)
(b) Transfers- In: this is the inventory that was purchased during the financial year. This value will include the cost of the inventory and any other costs that were incurred to bring the inventory to the store house of Ralph’s Mini – Mart. In this instance, the additional cost is the transportation cost of $30, 000 that was incurred to transport the inventory from the supplier to the warehouse.
For Ralph’s Mini – Mart, the Transfers – In = $870, 000 + $30, 000 = $900, 000 (refer to item 3 and 4)
(c) Ending balance: the ending balance is the value of inventory at the end of the financial year. This is the value of inventory that Ralph’s remains with after purchasing inventory from suppliers and selling inventory to customers. This value will take into account any inventory write- downs and obsolescence. In this instance, there has been no inventory write- downs and no inventory obsolescence or thefts.
For Ralph’s Mini – Mart, the value of ending inventory = $140, 000 (refer to item 5)
