Answers
Answer:
$149,000
Explanation:
Data provided as per the question below
Cost of goods sold = $982,000
Inventory = $186,000
Purchase = $945,000
The computation of amount of ending inventory is shown below:-
Cost of goods sold = Inventory + Purchase - Ending inventory
= $982,000 = $186,000 + $945,000 - Ending inventory
= $982,000 = $1,131,000 - Ending inventory
= $149,000
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The efficient markets hypothesis holds only if all investors are rational. True or false?
Kitchens Sales Inc. is approached by Mr. Louis Cifer, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers: Direct materials $554 Direct labor 364 Variable manufacturing support 56 Fixed manufacturing support 120 Total manufacturing costs 1,094 Markup (50%) 547 Targeted selling price $1,641 Kitchens Sales inc. has excess capacity. Mr. Cifer wants the cabinets in cherry rather than oak, so direct material costs will increase by $66 per unit. The average marketing cost of Kitchens Sales product is $173 per order. Other than price, what other items should Kitchens Sales consider before accepting this one-time-only special order
You have 24 cups of milk.You need 1.25 cups to make one serving of deep-fried chicken.How many servings can you make? Whole servings only - round downrather than using partial servings.Answer:to make a servings of roast beef gravy.
Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled water. Actual demand and the two sets of forecasts are as follows: PREDICTED DEMAND Period Demand F1 F2 1 68 63 66 2 75 70 67 3 70 75 70 4 74 69 72 5 69 70 73 6 72 68 75 7 80 70 77 8 78 74 84 Required:Compute MAD for each set of forecasts. Given your results, which forecast appears to be more accurate
Answers
Answer:
b. Stocks that outperform the index in March always underperform it in April.
d. Stocks that outperform the index in March always outperform it in April.
Explanation:
The Efficient market hypothesis states that in an efficient market, all the available information in the market are reflected in the prices of the stocks being traded. As such, all stock are fairly priced.
Stocks that perform in a certain way in March and then in another way in April are violations of the hypothesis. This is because if indeed the market was efficient, the prices would adjust to reflect the different performances by month such that there would be no more fluctuations.
Answers
Answer:
6.93 years
Explanation:
For computing the number of years we use the NPER formula i.e to be shown in the attachment
Given that
Present value = $8,000
Future value = $0
Rate of interest = 9%
PMT = $1,600
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 6.93 years
Answers
Answer:
raw material inventory turnover = 4.42
number of days sale in raw materials inventory = 21.97
Explanation:
given data
beginning inventory = $930 million
ending inventory = $880 million
purchased raw materials = $3,956 million
used raw materials = $4,006 million
solution
we get here first raw material inventory for turnover that is
raw material inventory turnover = ..............1
here average raw material inventory =
average raw material inventory = $905 million
so from equation 1
raw material inventory turnover =
raw material inventory turnover = 4.42
and
now number of days' sales in raw materials inventory will be as
number of days sale in raw materials inventory = × 365 .............2
put here value
number of days sale in raw materials inventory = × 365
number of days sale in raw materials inventory = 21.97
Answers
Answer:
The Best Cost System is the "Process Costing System"
Explanation:
A Process Costing System amasses costs when an enormous number of indistinguishable units are being created. Right now, is generally proficient to collect expenses at a total level for an enormous group of items and afterward dispense them to the individual units delivered. The supposition that will be that the expense of every unit is equivalent to that of some other unit, so there is no compelling reason to follow data at an individual unit level. The great case of a procedure costing condition is an oil treatment facility, where it is difficult to follow the expense of a particular unit of oil as it travels through the processing plant.
Answer: Process costing system.
Explanation: A process costing system used in the manufacturing industry that accumulates the costs of producing a continuous stream of similar items.
It is calculated thus:
Cost per unit = cost of unit/ expected output in unit.
Using process costing method is very efficient to accumulate costs at an aggregate level for a large batch of products and then allocate the cost to the individual units produced.
There are three types of process costing and they are:
1. Weighted Average Cost
2. FIFO - First In First Out
3. Standard Cost
Answers
Answer:
Hence, the manufacturing margin for Part A is $1,400,000
Therefore, the correct option is B i.e $1,400,000
Explanation:
The manufacturing margin is somewhat same like contribution margin. SO, here we applying the formula of contribution margin.
For computing the manufacturing margin for Part A, the calculation is shown below.
Manufacturing margin = (Selling Price per unit × Number of units) - (Variable manufacturing cost per unit × Number of units)
= (5,000 × $800) - ($5000 × $520)
= $4,000,000 - $2,600,000
= $1,400,000
Hence, the manufacturing margin for Part A is $1,400,000
Therefore, the correct option is B i.e $1,400,000
Final answer:
The manufacturing margin for Part A is calculated by subtracting variable costs per unit from the selling price per unit and multiplying the result by the total number of units sold. Therefore, the manufacturing margin for Part A is $1,000,000.
Explanation:
The manufacturing or contribution margin is the difference between the selling price per unit and the variable costs per unit. In this case, the selling price per unit is
$800 and variable manufacturing cost per unit is $520. The sales commission per unit for Part A is $80. Therefore, the manufacturing margin per unit equals $800 - $520 - $80 which is $200. When you multiply this margin per unit by the total units sold which is 5,000 units, we get the total manufacturing margin. Hence, the manufacturing margin for Part A is $200 * 5,000 =
$1,000,000
.
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Answers
Answer:
warranty liability $ 130,000
Explanation:
the warrant liability will de clared based on sales volume and the expected warranty expenditures associate with sales.
This is done to match the expenses of the warranty with the period on which are generated. If don't further period will have expenditures which related to sales of prior periods.
Having said that we proceeds:
warranty liability:
15,000,000 x 1% = 150,000
warranty expenditures (20,000)
net 130,000
the company still spect this sales will generate additioal warranty expenditres for 130,000 dollars. this is a liability.
Final answer:
Based on an expected 1% of sales as warranty costs, Right Medical should report a warranty liability of $130,000 at year-end, subtracting the actual costs ($20,000) from the expected costs ($150,000).
Explanation:
The question revolves around estimating the warranty liability that Right Medical should report at the end of the year after introducing a new implant with a five-year warranty. Based on industry standards, warranty costs are expected to be 1% of sales. The company did indeed incur actual warranty expenditures of $20,000, however, the expectation based on sales would be $150,000 (1% of $15 million). Since the actual expenditures are lower than expected, the company should report the difference between the expected cost (calculated as 1% of sales) and the actual cost as the warranty liability. Therefore, Right Medical should report a liability of $150,000 - $20,000 = $130,000 at the end of the year.
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