Business, 23.01.2020 00:31 sparky1234
kentucky, inc. purchases and sells widgets. the following information summarizes thecompany's operating activities for theyear:
selling and administrative expenses
$5,400
purchases
156,000
sales revenue
783,000
merchandise inventory, january 1
2,500
merchandise inventory, december 31
38,200
if the company sold 7,100 units of widgets during the year, how much is the cost for one widget? (round your answer to the nearest cent.)
Answers: 2
Business, 22.06.2019 14:30
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
Answers: 3
Business, 22.06.2019 21:30
Sunset foods relies on a highly centralized functional structure to ensure consistency in the quality and taste of its products and to drive down costs via process innovations. however, as a consequence of its highly compartmentalized structure, the firm has found it difficult to transfer information and ideas from one department to the next. with the launch of its new line of breakfast foods coming up, how can sunset improve its ability to collaborate without sacrificing the benefits of its current structure
Answers: 1
Business, 22.06.2019 23:00
Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:
Answers: 1
Business, 23.06.2019 03:20
You would like to compare your firm's cost structure to that of your competitors. however, your competitors are much larger in size than your firm. which one of these would best enable you to compare costs across your industry? common-size income statement. pro forma balance sheet. statement of cash flows. common-size balance sheet
Answers: 3
kentucky, inc. purchases and sells widgets. the following information summarizes thecompany's operat...
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