Chapter C, Problem 19QS

I want the correct answer with accounting question

A company reports the following financial data: • Sales Revenue: $1,250,000 Average Total Assets (excluding long-term investments): $680,000 Compute the Asset Turnover Ratio. If necessary, round the answer to one decimal place.

what is the present value of the note

Need answer

Garrison Industries produces synthetic rubber used for industrial applications such as conveyor belts. In 2020, the first year of operations, Garrison produced 5,500 tons of rubber and sold 3,200 tons. In 2021, the company produced the same amount of rubber, and sales were 6,500 tons (i.e., the company sold all of its inventory). In each year, the selling price per ton was $2,500, variable manufacturing costs per ton of rubber were $500, and variable selling expenses were $700 for each ton of rubber sold. Fixed manufacturing costs were $5,500,000, and fixed administrative expenses were $650,000. What is the unit manufacturing cost under absorption costing in the year 2021?

Gi

Sub. financial account

Step by step answer

None