Answer:
Dollar amount of purchases is 1,228,400.
Explanation:
Total purchase of suits is equal to Inventory at the end plus sales minus inventory at the beggining.
- Inventory at the beggining is 4,800
- Inventory at the end (management desire) = 6,800
- Budgeted sales = 12,800
- Purchase of suits = 6,800 + 12,800 - 4,800 = 14,800
The explanation is if i have 4,800 units at the beggining, and i want to sell 12,800, i will need to purchase the difference (8,000 units). Plus the existence needed at the end, 8,000 + 6,800 = 14,800.
The cost per unit is $83, so the total cost is 14,800 * 83 = 1,228,400.
Answer:
1. U. None of these
2. Variable overhead price variance = $2,000 F
Variable overhead efficiency variance = $4,000 U
Explanation:
Please see attachment.
Answer:
Manufacturing cost: $
Direct material ($6.50 x 3,200) 20,800
Direct labour ($2.40 x 3,200) 7,680
Manufacturing overhead ($1.10 x 3,200) 3,520
Supervisory salaries 13,600
Depreciation 5,500
Other fixed costs <u>2,200</u>
Total manufacturing cost <u> 53,300</u>
Explanation:
Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.
Answer:
Kale should apply to have her license put on inactive status while she completes her CPE requirements. During thatperiod of time she may not engage in the practice of public accounting
Explanation:
Answer:
equivalent cost per unit $6
Explanation:
under the weighted average method we calcualte the equivalent unit cost by adding both, the beginning WIP inventory and the cost added during the period:
$4,500 + $37,800 = $42,300
Then we divide over the equivalent units:
$42,300 / 7,050 units = $6
