Answer:
$1,700
Explanation:
Given that,
Purchase of raw materials inventory = $1,000
Assignment of raw materials inventory to Job 5 = $500
Payroll for 20 hours with $1,000 assigned to Job 5
Factory utility bills = $750
Overhead applied at the rate = $10 per hour
Cost assigned to Job 5 at the end of the week:
= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied
= $500 + $1,000 + ($10 per hour × 20 hours)
= $500 + $1,000 + $200
= $1,700
Answer:
Option A.
Includes partnering rather than competing with existing distributors
Explanation:
Through internet retailing, a business can partner with other distributors and enlist the products of the distributors on their website along side their products.They can charge a fee for each product sold via their platform, which can serve as additional revenue to the business, without much extra costs. This is because the platform is already available.
This is the business model that companies such as Amazon apply. They enlist products of other businesses on their online platform, sell them and make some profit for themselves.
This is what gives internet retailing a strong appeal.
Answer:
April ending inventory cost= $121,875
Explanation:
As per the data given in the question,
Unit production cost Absorption cost Variable cost
Direct material $15 $15
Direct labor 10 10
Variable factory overhead 7.5 7.5
Fixed factory overhead 5
Total cost $37.5 $32.5
Finished goods inventory = 12,500 - 8,750 = 3,750
Finished goods inventory cost using absorption costing = 3,750 × $37.50
= $140,625
Finished goods inventory cost using variable costing = 3,750 × $32.50
= $121,875
Answer:
Common Fixed Expense is $28,600
Explanation:
Given,
Contribution of Division A = $49,300
Computing Contribution of Division B as:
Contribution = Sales × Contribution margin ratio
where
Sales is $242,000
Contribution margin ratio is 25%
So,
Contribution = $242,000 × 25%
= $60,500
Therefore, Total Contribution is :
= $49,300 + $60,500
= $109,800
Computing Income before Common Fixed Expense as:
Income before Common Fixed Expense = Total Contribution - Traceable fixed expenses
= $109,800 - $51,600
= $58,200
Computing Common Fixed Expense as:
Common Fixed Expense = Income before Common Fixed Expense - Income after Common Fixed Expense (Net Income)
= $58,200 - $29,600
= $28,600
Answer:
$101,000
Explanation:
Computation of the net cash provided by investing activities
Sale of land and building
$191,000
Purchase of land
($37,000)
Purchase of equipment
($53,000)
Net cash flow from investing activities
$101,000
