Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow: 0 250 225 25 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $ $ $ $ 100 320 40 20 $ 60,000 $ 20,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 191,250 157,500 33,750 24,500 $ 9, 250 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Fixed manufacturing overhead cost included in inventory

Answers

Answer 1

Under absorption costing, fixed manufacturing overhead cost included in inventory at the end of last year is $20,000.

This is because absorption costing includes fixed manufacturing overhead costs in the cost of goods sold and the ending inventory.

To calculate the amount of fixed manufacturing overhead cost included in the ending inventory, we can use the following formula:

Fixed manufacturing overhead cost included in ending inventory = Fixed manufacturing overhead rate x Units in ending inventory

The fixed manufacturing overhead rate can be calculated as:

Fixed manufacturing overhead rate = Total fixed manufacturing overhead cost ÷ Units produced
Fixed manufacturing overhead rate = $60,000 ÷ 320 units produced
Fixed manufacturing overhead rate = $187.50 per unit

Using this rate, we can calculate the fixed manufacturing overhead cost included in the ending inventory as:

Fixed manufacturing overhead cost included in ending inventory = $187.50 per unit x 25 units in ending inventory
Fixed manufacturing overhead cost included in ending inventory = $4,687.50

Therefore, under absorption costing, the fixed manufacturing overhead cost included in the company's inventory at the end of last year is $20,000.

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Related Questions

What are some reasons for studying economics? choose three answers. economics has an impact on everyday life. economics helps people learn to manage resources. economics describes the reasons products are scarce. economics explains the roles of producers and consumers. economics shows how people work together to make money.

Answers

Some of the reasons why the study of economics is important is because:

It has an impact on everyday life. It makes people learn to manage resources. It explains the roles of producers and consumers.

What is economics?

This is the study into the transfer of wealth and the scarce resources that are used in the every day production of goods and services.

It teaches how to manage the scarce resources effectively for maximized profit.

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Answer:

A, B, D

Explanation:

A Nike Hoodie has a retail price of $99.00 and it costs the retailer $49.50. What is the mark-up
Percentage?

Answers

Answer:

100%

Explanation:

Mark-up is the difference between selling price and cost price

Selling price =$99.00

Cost price = $49.50

Mark up = $99- 49.50

=$49.50

As a percentage

= $49.50/$49.50 x 100

= 1 x 100

= 100%

In for peny, in for a pound , taking care of the rands and cents​

Answers

Answer:

l don't understand the question you ask

Storm windows company understated their ending inventory during their first year of operations by $2,000. What is the effect of this error at the end of the year? select all answers which apply.

Answers

The  effect of this error at the end of the year is:Understatement of net income $2000 and Overstatement of costs of goods sold  $2000.

Effect of this error at the end of the year

Since the company understated their ending  inventory during their first year by the amount of $2,000. The effect of the ending inventory that was understated will be:

Understatement of net income of the amount of $2000 Overstatement of costs of goods sold  of the amount of $2000

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how can person identify whether a company is private company or public company​

Answers

Answer:

The overview of that same problem is defined throughout the explanation segment below.

Explanation:

My understanding would be that privately owned businesses will happily inform anyone who queries. Publicly traded companies are identified by the mark as well as the worker's everyone seems to be testing their price of the stock-to decide according to one's interest in share capital.

But things are going to change, the FED had already lost together with all remaining remains of knowledge that convince one where the worth of someone's inventory since they have lost Market Exploration.


Match the sub-specialization to their definitions.
-auditing
-taxation
-environmental accounting
-forensic accounting

Answers

Answer:

forensic accounting- Working within companies or as a

consultant to detect bookkeeping

errors, embezzlement, and

fraudulent financial reporting.

environmental accounting- Involves a relatively new field in

which specialists help companies

manage their CSR initiatives.

taxation- Researching and inspecting all

summary reports to insure full

compliance with all state and

federal reporting requirements.

auditing- Handles all reporting and

documentation submissions

to local, state, and federal

tax agencies.

Explanation:

i think these are right the last two im really not sure of sorry if wrong.

Answer:

In this exact order

forensic accounting-

environmental accounting-

auditing-

taxation-

Explanation:

if one person's consumption of a good diminishes other people's use of the good, the good is said to be a. a club good. b. a common resource. c. rival in consumption.

Answers

if one person's consumption of a good diminishes other people's use of the good, the good is said to be a rival in consumption.

In economics, goods are objects that meet human desires and create utility, such as a buyer purchasing a satisfying product. A frequent difference is drawn between products that can be transferred and services that cannot.

Free things, on the other hand, are inherently abundant and require no intentional effort to get. Private goods are items held by individuals, such as televisions, living room furniture, wallets, cellular phones, and nearly anything else owned or utilised on a regular basis that is not tied to food.

Hence the correct option is C

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How does "FOMO" impact one's ability to save money for short- or long-term goals?

Answers

Answer:

FOMO makes you want and do what others have meaning you will make decisions based of that.

A bank that makes most of its long-term loans at adjustable interest rates is:
a. reducing both interest rate and credit risk.
b. increasing credit risk and reducing interest rate risk.
c. reducing credit risk and increasing interest-rate risk.
d. increasing both interest-rate and credit risk.

Answers

A bank that makes most of its long-term loans at adjustable interest rates is increasing credit risk and reducing interest rate risk. The correct option is b.

Interest rate risk is the potential for investment losses that can be triggered by a move upward in the prevailing rates for new debt instruments. If interest rates rise, for instance, the value of a bond or other fixed-income investment in the secondary market will decline. The change in a bond's price given a change in interest rates is known as its duration.

Interest rate risk can be reduced by buying bonds with different durations, or by hedging fixed-income investments with interest rate swaps, options, or other interest rate derivatives.

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What is one way to prepare for a job shadowing experience?

Find directions to the shadowing location five minutes before you leave.
Look over recent news about the company.
Make sure to wear a lot of cologne or perfume.
Wear clothing that is casual to ensure you are comfortable.

Answers

Answer: Look over recent news about the company.

Explanation: I took the test and got it right. :D

Answer:

B

Explanation:

the internal revenue service is organized under the

Answers

The Internal Revenue Service is part of the United States Department of the Treasury. It is in charge of collecting taxes, processing tax returns, collecting overdue taxes, and enforcing the US tax code.

The Internal Revenue Service is the U.S. government agency responsible for collecting taxes and enforcing the country’s tax rules.

The IRS is organized under the Department of the Treasury of the United States.

It is responsible for collecting taxes, processing of tax returns, collection of delinquent taxes, and enforcement of the US tax code.

The IRS is headed by the Commissioner of Internal Revenue, who is appointed by the President of the United States and is accountable to Congress.

The IRS also works with other government agencies, including the Department of Justice, to ensure compliance with U.S. tax laws. It also provides guidance and assistance to taxpayers to help them understand their rights and obligations under the tax code.

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A prospective borrower has an estimated monthly housing expense of $1,486, and the total monthly obligations are $2,050. If the borrower's annual gross income is $122,880, what is the total obligations ratio

Answers

The total obligations ratio for a prospective borrower with an estimated monthly housing expense of $1,486, a total monthly obligation of $2,050, and an annual gross income of $122,880 is 19.92% (rounded to two decimal places).

The total obligations ratio is used by lenders to assess the creditworthiness of a borrower. It is calculated by dividing the borrower's total monthly obligations by their gross monthly income, expressed as a percentage. In this case, the borrower has a monthly housing expense of $1,486 and total monthly obligations of $2,050.

Therefore, their monthly non-housing obligation is $2,050 - $1,486 = $564. To find the borrower's total obligations ratio, we need to divide their total monthly obligations by their gross monthly income and then multiply by 100%:Total obligations ratio = (Total monthly obligations / Gross monthly income) x 100% First, we need to find the borrower's gross monthly income by dividing their annual gross income by 12:Gross monthly income = Annual gross income / 12Gross monthly income = $122,880 / 12Gross monthly income = $10,240 Now we can calculate the borrower's total obligations ratio: Total obligations ratio = ($2,050 / $10,240) x 100%Total obligations ratio = 0.2002 x 100%Total obligations ratio = 19.92% Therefore, the borrower's total obligations ratio is 19.92% (rounded to two decimal places).

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6. Ben has earned a good salary for many years and is ready to start investing. He is in his
mid-50s and is interested in the bond market. He would like to make strong returns on his
investments in a short amount of time. Describe in detail all the steps Ben should take when
investing his money in the bond market.

Answers

The steps that Ben should take when investing his money in the bond market are

assess his risk tolerancehave a plan for asset allocationassess the bond investment performanceseek advice from brokers.invest in the best market

What should Ben do to invest the bond?

Because Ben is willing to make strong return in short time, he can choode to invest in corporate bonds.

These Corporate bonds are issued by companies and the Issuing of  bonds is another way for companies to access cash without diluting ownership through additional shares.

Therefore, the option of corporate bonds will be the best investment to make a strong return in short time.

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Each fire department member has a specific duty to perform. Match each position with the appropriate role or responsibility.

Answers

Answer:

I'm working on this too man. lemme finish it up and ill tell you the answers

Explanation:

Phillip Glass is best known for writing in this late-20th C style. It's characterized by a steady pulse and insistent repetition of short melodic patterns; its dynamic level, texture, and harmony tend to stay constant for fairly long stretches of time, creating a trance-like or hypnotic effect:

Answers

This creates a trance-like or hypnotic effect on listeners, engaging them in a unique musical experience.

Phillip Glass, a prominent late-20th-century composer, is renowned for his contributions to the Minimalist music style.

This style is characterized by a steady pulse, insistent repetition of short melodic patterns, and often maintains a constant dynamic level, texture, and harmony for extended periods.

Minimalism allows for gradual, subtle changes in the music, focusing on the essentials of melody and rhythm.

Glass's works, such as "Einstein on the Beach" and "Koyaanisqatsi," exemplify this influential style, captivating audiences worldwide.

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40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding

Answers

Answer:

Private branding

Explanation:

Private branding is defined as the strategy used by mostly retail stores where they put their own brand on products that they sell. It is used on wide variety of products sold by retailers from cosmetics to food.

They are also called store brands or own brands.

In the given scenario the stores are selling other manufacturers' products with their own brand names. This is private branding

How successful was the new growth path in influencing economic growth and development in South Africa

Answers

Answer:

not successful

Explanation:

Match the requirements for application to the type of school.

1. requires high school transcripts or GED application
graduate school
2. requires high school transcripts as well as the SAT or ACT, which demonstrate the ability to succeed
career or technical program
3. requires college transcripts that demonstrate a bachelor’s degree was earned; may require the GRE or another specific exam that demonstrates the ability to succeed in a specific program
Things to match to: graduate school, career or technical program, and university

Answers

Answer:

1. graduate school

2. career or technical program

3. university

Explanation:

I'm assuming after thoroughly reading your long descriptions.

Which of the following is true about certified public accountants (CPAs)?

O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.

Answers

Answer:

A. CPAs work for government agencies and corporations.

Explanation:

Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.

Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.

Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes

Answers

This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.

What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.

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You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend college. The first $ 10 comma 300 tuition payment is due in six months. After​ that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4.4 % ​(with semiannual​ compounding) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this​ account, leaving the account empty when the last payment is​ made? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)

Answers

Answer:

You must deposit "$74,806.25" today.

Explanation:

The given values are:

Periodic payment,

P = $10,300

Rate of interest,

r = \(\frac{4.4 \ percent}{2}\)

 = \(2.2 \ percent\)

Number of periods,

n = \(4\times 2\)

  = \(8\)

Now,

The PV of annuity will be:

=  \(\frac{P\times [1 - (1 + r)^{-n}]}{r}\)

On substituting the given values, we get

=  \(\frac{10,300\times [1 - (1 + 2.2 \ percent)^{-8}]}{2.2 \ percent}\)

=  \(\frac{1,645.73}{2.2 \ percent}\)

=  \(74,806.25\) ($)

Look at the lines that say HEALTH, DENTAL, and RETIREMENT. Which statement below is accurate?

Answers

The declaration that is accurate is that Those strains signify insurance and retirement plans that Hope cash directly from her paycheck.

What is a retirement plan?

A retirement sketch is regarded to be a type of diagram that has been set up to take deal with all the wishes of a post-retirement days.

This was designed to assist a person have a stress-free life. A retirement financial savings graph is one that helps to your money to grow and care for your life.

A pension format is funded and managed by means of the employer, while a 401(k) is primarily funded with the aid of the employee, who may pick out how the cash is invested. Some employers will suit a component of your 401(k) contributions. A 401(k) allows you manipulate over your fund contributions, while a pension plan does not.

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Analyse the importance of price stability in preventing the extreme fluctuations in business cycles ​

Answers

Price stability plays a crucial role in preventing extreme fluctuations in business cycles and ensuring a stable economic environment. Here are two key reasons why price stability is important in this context:

1. Promoting Economic Confidence: Price stability instills confidence in businesses and consumers, leading to stable expectations and decision-making. When prices remain relatively stable over time, businesses can accurately predict costs and plan investments, fostering long-term economic growth. Likewise, consumers can make informed purchasing decisions without worrying about sudden price increases eroding their purchasing power. This stability in economic conditions encourages business expansion, investment, and consumer spending, all of which contribute to a more balanced and sustainable business cycle.

2. Minimizing Distortions and Inefficiencies: Extreme fluctuations in prices can introduce distortions and inefficiencies into the economy. Rapid price increases, known as inflation, erode the value of money and can lead to hoarding or speculative behavior. On the other hand, rapid price decreases, known as deflation, can discourage spending and investment as individuals and businesses anticipate further price declines. Both scenarios disrupt the normal functioning of markets, making it challenging for businesses to plan, invest, and hire employees. Price stability reduces these distortions, creating a more predictable and efficient economic environment where resources are allocated more effectively.

In summary, price stability is essential for preventing extreme fluctuations in business cycles. It promotes economic confidence, facilitates long-term planning, and minimizes distortions and inefficiencies in the economy. By maintaining price stability, policymakers can support a more balanced and sustainable economic growth trajectory.

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Why did Krispy Kreme decide to manufacture all the donut mix and distribute it to the stores?

a) it made the products more consistent in various stores
b) franchise law demands is kind of central production
c) It is always cheaper to use this method
d) The company was having problems with distributors

Answers

Answer:

Option A

Explanation:

In simple words, Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company.  Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.

They make all their dough of the product by themselves so that the neutrality regarding their consistency remains intact thought the country,

Click this link to view O*NET's Tasks section for Construction Managers. Note that common tasks are listed toward
the top, and less common tasks are listed toward the bottom. According to O*NET, what are common tasks
performed by Construction Managers? Check all that apply.
x installing equipment, machines, wiring, or programs
* repairing machines or systems
conferring with supervisors, owners, contractors, or design professionals
preparing contracts and negotiating revisions, changes, and additions to contracts
scheduling a project
* performing routine maintenance on equipment

Click this link to view O*NET's Tasks section for Construction Managers. Note that common tasks are listed

Answers

Answer: conferring with supervisors, owners, contractors, or design professionals.

preparing contracts and negotiating revisions, changes, and additions to contracts

scheduling a project

Explanation:

According to O*NET, the tasks for Construction Managers include:

• conferring with supervisors, owners, contractors, or design professionals.

• preparing contracts and negotiating revisions, changes, and additions to contracts

• scheduling a project.

The construction manager must schedule a project, prepare contracts and meet up with every stakeholders regarding the project so that the project will be achievable.

Answer:

3

4

5

Explanation:

A factory is considered what type of resource?


land


labor


physical capital


human capital

Answers

A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.

Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.

A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.

Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.

Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.

Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.

In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.

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The income earned by whoever has the right to import the good at the world price and sell it in the domestic market at the higher quota price is: Multiple choice question. quota rent. economic profit. trade rent. accounting profit.

Answers

Answer: quota rent

Explanation:

Briefly explain the normalization process. Explain why the
highest normal form not always the best solution?

Answers

Answer:

Normalization is the process of removing non-recurring expenses or revenue from a financial metric.

In the highest normal forms, the performance degrades hence they are not always the best solution.

Explanation:

Normalization is the process of removing non-recurring expenses or revenue from a financial metric like EBIT or earnings. Once earnings have been normalized, the number which remains off represents a future earning capacity that a buyer would expect from the business.

In the highest normal forms, the performance degrades. Careless data decomposition often leads to data loss. Even to decompose into higher normalization forms, it is a time-consuming process. There are more tables to join, the need to join these tables increases and the task becomes more tedious. It even makes the database harder to interpret as well.

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On Monday, Harry puts an offer in the mail to Sally to sell his guitar for $50. Monday night when jamming with his buddies, he decides he will really miss his old guitar and has second thoughts about selling it. Tuesday morning he puts a revocation in the mail informing Sally he has changed his mind and the guitar is no longer for sale. The revocation is effective on Tuesday morning.
a.True
b. False

Answers

I’m pretty sure the answer is b. False because it usually takes 30 days. Sorry if I’m wrong

at what point should you be ready to sell a stock? when it triggers your stop orders if it is not underperforming, but it is not performing its original role in your portfolio when other stocks in the same sector are seriously out-performing it all of the above

Answers

Point when you should be ready to sell a stock is all of the above options.

A stop order is one amongst the 2 main order sorts you may encounter within the market: stop and limit. The key for the purchase order is that it's perpetually dead within the direction that the value is moving. as an example, if the market is moving lower, the purchase order are to sell at a pre-set worth below the present market value

Out-performing stock means the corporate can turn out a far better rate of come back than similar corporations, however the stock might not be the simplest entertainer within the index. An analyst's performance is evaluated supported however stocks really perform once a rating is assigned.

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Sociologists refer to a theoretical framework as a(n) ___________an overall approach to or viewpoint on some subjectperspectiveSocial Conflictsymbolic interactionist: in 2005, approximately 3.2 million more people began working for the government without increasing the size of the government. how were government departments able to get these additional workers without growing? An isosceles triangle has two congruent side lengths of 20 centimeters. The base of the triangle is 10 centimeters. Find the height of theisosceles triangle(Use the Pythagorean Theorem & DONT GIVE ME THE ANSWER, I JUST WANT THE EQUATION) Thx :) Determine if each of the following signals is a power signal, an energy signal, or neither (non physical) a) X1(t) = [1-e-2t] u(t) b) x2 (t)= [tcos(3 t)]u(t) A salesperson sells $2700 in merchandise and earns a commission of $513.Find the commission rate. Write your answer as a percentage. what document charges the defendent with a crime SCREEEEEEEEEEEEEEEEEEEEEE-Choose two values, a and b, each between 8 and 15. Show how to use the identity a3 + b3 = (a + b)(a2 ab + b2) to calculate the sum of the cubes of your numbers without using a calculator. I chose a = 9 and b = 14I'm stuck :( Determine the product of each pair of percentages or fractions.1. 25% x 25% =4. x =2.4 x 4 =3.75% x 50% =5.25% x 0% =6. 50% x 50% = Privatized prisons and jails are run by _____a committees elected by the stateb federal agenciesc volunteersd private corporations A taut string has a length of 2.60 m and is fixed at both ends. (b) Can you find the frequency of this mode? Explain why or why not. how the function of the basal cells depends on the relationship among its parts? Pencils cost 9p each.How much do 28 pencils cost? the client comes to the clinic at 26 weeks for a prenatal visit. which weight, if recorded by the nurse, requires immediate attention? In her book, what does Maya associate with being beautiful?black skinher grandmotherblond hair and blue eyesAll of the choices are correct. Explain what it meant for England to become a commonwealth. many tadpoles excrete _____, whereas adult frogs excrete _____. Keep excavated dirt, rocks, and other materials back two feet from the excavation's edge. whose responsibility is this 5I.23 A reaction mixture consisting of 2.00 mol CO and 3.00 mol is placed in a reaction vessel of volume 10.0 L and heated to 1200. K. At equilibrium, 0.478 mol was present in the system. Determine the value of for the reaction at 1200. K. What type of sentence is the one below? Sergeant Torres handed my brother a bottle of water, and then he asked him to explain what had happened. What type of sentence is this?A. SimpleB. ComplexC. ImperativeD. Compound what were the gainesville state players expectations before they arrived to play faith academy in football? (chose the best answer.)