Inventory Valuation under Variable CostingDuring the most recent year, Judson Company had the following data associated with the product it makes:

Units in beginning inventory 300
Units produced 15,000
Units sold ($300 per unit) 12,700
Variable costs per unit:
Direct materials $20
Direct labor $60
Variable overhead $12
Fixed costs:
Fixed overhead per unit produced $30
Fixed selling and administrative $140,000

Required:

1. How many units are in ending inventory?
$ _______ units
2. Using variable costing, calculate the per-unit product cost.
$_____________
3. What is the value of ending inventory under variable costing?
$___________

Answer:

a. $5,100

Explanation:

Raw materials used in production = Beginning raw materials inventory + Raw materials purchases - Ending raw materials inventory

Raw materials used in production = $4100 + $5,600 - $4,600

Raw materials used in production = $5,100

So, the amount of raw materials used in production for the year is $5,100.

Answer:

The correct answer is letter "B": reveals whether a company is competitively stronger than its closest rivals.

Explanation:

The SWOT analysis is composed of a company's four (4) factors: Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are inner factors of the entity while opportunities and threats are external factors that could influence the operations of the business.

The first layer of the SWOT analysis involves the strengths of the firm which could be optimal employees attitude towards work, efficient and effective customer service or low-cost manufacturing. These are components make companies stronger than their competitors.

Final answer:

A SWOT analysis helps in crafting a strategy that aligns with a company's internal dynamics and its external environment. It is a broad diagnostic tool rather than a mechanism for direct benchmarking against competitors or industry standards.

Explanation:

A SWOT analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats associated with a company or project. Its purpose is to craft a strategy that capitalizes on the company's strengths, mitigates its weaknesses, leverages opportunities and protects against threats.

An effective SWOT analysis:

• Does not directly measure whether a company's value chain is longer or shorter than those of key rivals. Instead, it may highlight areas within the value chain that represent strengths or weaknesses.
• May reveal if a company has competitive strengths or weaknesses relative to its closest rivals, but it does not quantify competitive strength.
• Helps to determine whether a firm's strategy is aligned with industry key success factors, although it is more of a general tool rather than a specific benchmarking mechanism.

The correct answer to the student's question is option c, as it closely aligns with the intent of SWOT analysis to ensure a firm's strategy is in tune with the key success factors of its industry. However, it's worth noting that a SWOT analysis is a broad diagnostic tool and may not necessarily be used for benchmarking in a strict sense.

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Answer: Option E

Explanation: Unhealthy company culture refers to negative environment within the organisation that affects all the members working in it. In simple words, it is the behavior of the organisation towards its various stake holders.

A hyper adaptive culture in an organisation depicts that the employees of the organisation have the ability to adjust in new situations, thus, the company could grab new opportunities better than others. This will result in competitive advantage to the company.

Hence, option D is an example of healthy company culture.

Answer:

e. $22,000

Explanation:

The computation of the beginning inventory is shown below:

We know that,

Opening inventory + Purchase -   Purchase Discounts - Purchase Returns and Allowances + freight in + Gross profit = Sales - sales return - sales discount + ending inventory

Opening inventory + $245,000 - $4,000 - $8,000 + $7,000 + $75,000 = $317,000 - $9,000 - $1,000 + $30,000

Opening inventory + $315,000 = $337,000

So, the opening inventory equals to

= $22,000

Final answer:

The beginning inventory for fiscal year 2018 is $29,000. This was calculated using the principles of inventory cost flows, which led us to the cost of goods sold (COGS). From there, we used the COGS, net purchases, and ending Inventory to calculate the beginning inventory.

Explanation:

To solve this problem, inventory cost flow principles are applied. According to these, beginning inventory plus purchases minus ending inventory equals the cost of goods sold (COGS). In this case, we need to find the beginning inventory. Here is a step-by-step solution:

1. First, we find the net purchases. This is total purchases ($245,000) minus Purchase Returns and Allowances ($8,000) minus Purchase Discounts ($4,000). This gives us $233,000.
2. Next, we calculate the COGS. This is total sales ($317,000) minus Sales Returns ($9,000) minus Sales Discounts ($1,000) minus gross profit ($75,000). This gives us $232,000.
3. Finally, we find the beginning inventory. According to inventory cost flows, Beginning Inventory + Net Purchases - Ending Inventory = COGS. In our case, Beginning Inventory = COGS - Net Purchases + Ending Inventory. This gives us $232,000 - $233,000 + $30,000 = $29,000.

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Answer:

The answer is "74,000".

Explanation:

Please find the complete question in the attached file.

Profitability analysis of the total business:

The combined value for final sales                    

Low cost of manufacturing end products:

Wool's cost                                    

Process cost of segregation            

Combined dyeing cost s

Gain benefit                                                                  

Final answer:

To determine the overall profit in industries that process joint products, calculate the difference between the sales value of the final products and the costs of the raw materials inputs.

Explanation:

In industries that process joint products, the overall profit can be determined by calculating the difference between the sales value of the final products and the costs of the raw materials inputs. To find out the overall profit, follow these steps:

1. Calculate the total sales value of the final products by summing up the sales values of all the final products.
2. Calculate the total costs of the raw materials inputs by summing up the costs of all the raw materials.
3. Subtract the total costs of raw materials inputs from the total sales value of the final products.

The resulting value will be the overall profit if all intermediate products are processed into final products.

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Answer:

The expected return for securities with maturities of two, three, and four years is as follows:

Expected Return 2 year Security=4.50 %

Expected Return 3 year security=6 %

Expected Return 4 year security=7.25 %

Explanation:

According to the expectations hypothesis theory, the expected return for the 2 year security is the average of the expected yields of two one-year T-bills, for the 3 year security is the average of the expected yields of three one-year T-bills and the 4 year security is the average of the expected yields of the four one-year T-bills.

Therefore, in order to calcuate the expected return for each year we have to use the following formula:

Expected Return 2 year Security=(4 + 5) / 2 = 4.50 %

Expected Return 3 year security=(4 + 5 + 9) / 3 = 6 %

Expected Return 4 year security=(4 + 5 +9 + 11) / 4 = 7.25 %