Business, 24.03.2020 21:08 dbzrules02
Ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese 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. Assume that the company uses absorption costing.
Units in beginning inventory 0
Units produced 14,000
Units sold 12,000
Units in ending inventory 4,000
Variable costs per unit:
Direct materials $100
Direct labor $320
Variable manufacturing overhead $40
Variable selling and administrative $20
Fixed costs:
Fixed manufacturing overhead $660,000
Fixed selling and administrative $720,000
Required:
a. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.
b. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.
Answers: 2
Business, 21.06.2019 12:30
Trinity trucking signs a contract with olsen oil to purchase all of the fuel for its fleet of trucks for the next year from olsen at a price of $3.00 per gallon. at the time trinity and olsen sign the contract, the market price for gasoline was $3.25 per gallon, and trinity had an expert report predicting that the price would rise to at least $4.25 per gallon in the upcoming six months. instead, the price dropped to $2.00 per gallon. may trinity rescind the contract with olsen due to its mistaken belief about the future of the price of gasoline?
Answers: 2
Business, 22.06.2019 04:00
Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.
Answers: 1
Business, 22.06.2019 15:20
Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)
Answers: 2
Business, 22.06.2019 22:10
Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)
Answers: 2
Ida Sidha Karya Company is a family-owned company located in the village of Glanyar on the island of...
Mathematics, 29.03.2021 21:00
Social Studies, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00
Health, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00
History, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00
Mathematics, 29.03.2021 21:00