Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Jub August Ssptcmbsr Production in units 1,000 1,100 980 The cost of platinum to be purchased in August is: A. $195,840. B. $198,000. C. S200.160.
Jub August Ssptcmbsr Production in units 1,000 1,100 980 The cost of platinum to be purchased in August is: A. $195,840. B. $198,000. C. S200.160. D. $391,680. E. None of the above. 15. Diely Company has the following sales budget July August Septembst Budgeted Sales $105,000 $211,000 $134,000 Credit sales represent 80 percent of budgeted sales. Of the credit sales, 20 percent is collected in the month o the sale, 60 percent in the month after the sale, and the remaining 15 percent is collected two months after the sale. Five percent of all sales are uncollectible and written-off. Total cash receipts from sales in September amounted to A) $169,150 B) $107,200 C) $162,120 D) $135,320 16. A special order generally should be accepted if A. its revenue exceeds allocated fixed costs, regardless of the variable costs associated with the order B. idle capacity exists and the revenue exceeds all variable costs associated with the order. C. idle capacity exists and the revenue exceeds allocated fixed costs. D. the revenue exceeds total costs, regardless of available capacity E. the revenue exceeds variable costs, regardless of available capacity. 17. Last year, A&B Company had an operating income of $77,000 using absorption costing and an operating income of $70,700 using variable costing. The fixed manufacturing overhead cost has been $3 per unit for the last three years. If 18,000 units were produced last year, then units sold last year were: A) 20,100 units. B) 24,300 units. C) 11,700 units. D) 15,900 units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started