Global Trading imported goods worth $50,000. Additional costs include: freight $3,000, import duty 10%, insurance $2,000, and handling $1,000. What the total cost of inventory.
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- ans plz37 Shipping expense is P9,000 for 8,000 pounds shipped and P11,250 for 11,000 pounds shipped. Assuming that this activity is within the relevant range, if the company ships 9,000 pounds, its expected shipping expense is closest to (nearest peso):You have the following information about the Jordanian Commercial Company for the year 2022 Total cost price quantity date 1/1 20 4000 Goods 1/4 22 7000 Purchases 1/7 18 10,000 purchases 1/11 21 3000 purchases The total quantity sold was 20,000 units at a price of 30, and the total expenses were 150,000 dinars. Required Calculating the value of the goods at the end of the period using the first-in, first-out method 1 2 Calculate the value of the goods at the end of the period using the weighted average method 3. Determining the cost of goods sold is based on the end-of-period merchandise count Using the weighted mean method. 4. Prepare the income statement on the basis that the end-of-period goods were inventoried using the weighted mean method.
- This year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 ofrevenue (total revenue is $20 million), the amount of shipping cost assigned to thecustomer by using ABC would bea. unable to be determined.b. $8,000 ($0.80 per pound shipped).c. $24,000 (2% of the shipping cost).d. $12,000 (1% of the shipping cost).e. None of these.If average revenue per unit is expected to be $25 and cost of goods sold are expected to be $17 per unit, how many units must be sold to breakeven on investment if the investment cost is $240,000? O 40,000 O 14,117 O 9,600 O 65,118Shipping expense is $9,000 for 8,000 kilograms shipped and $11,250 for 11,000 kilograms shipped. Assuming that this activity is within the relevant range, if the company ships 9,500 kilograms, what is the expected shipping expense? Use the high-low method. Show your calculations. Without plagiarism
- What is the breakeven sales in dollars if : Total sales, $120,000; Total variable cost, $ 48,000; Operating income, $12,000.Davidson company has sales of 100,000 variable cost of goods sold od $40,000 variables seeing expenses of $15,000 variable administrative expensive of 5,000 fixed selling expenses of $7000 and fixed administrative expenses of $9,000 what is Davidson's contribution Margin?If the selling price per unit is $50, the variable expense per unit is $20, and total fixed expenses are $260,000, what are the breakeven sales in dollars? A. $433,333 B. $650,000 OC. $185,714 ⒸD. $156,000
- need this account subjects solutionsCalculate gross profit, cost of goods sold, and selling price MBI Inc, had sales of $900 million for fiscal 2022. The company’s gross profit ratio for that year was 37.5%.Required:Calculate the gross profit and cost of goods sold for MBI for fiscal 2022.Assume that a new product is developed and that it will cost $1,625 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2022.From a management viewpoint, what would you do with this information?From the following data, you are required to calculate 1) p/v ratio 2) break even sale with the help of p/v ratio 3)sales required to earn a profit of rs.45,000 Fixed expenses=rs.90000 Variable cost per unit: Direct material=rs.5 Direct labour=rs.2 Direct overheads=100% of direct labour selling price per unPit-rs.12