A7X Corporation has ending inventory of $701,073 and cost of goods sold for the year just ended was $7,461,613. a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. What is the days’ sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers: 2
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 09:00
Jonathan’s class has 30 boys. of the students in his class, 60% are girls. how many girls are in jonathan’s class? (a)75 (b)60 (c)45 (d)20
Answers: 1
Business, 23.06.2019 09:50
If art has a 7/1 arm, how long will the fixed interest rate be applied to his loan?
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A7X Corporation has ending inventory of $701,073 and cost of goods sold for the year just ended was...
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