Assume that Toy Craft makes ragdolls. Each ragdoll requires 12 square feet of fabric. If the number of dolls to be produced during the quarter is 19,000, the desired ending inventory of fabric is 11,400 square feet, the beginning inventory of fabric is 22,800 square feet, and the cost of the fabric is $9 per square foot, what is the total cost of fabric purchases?
A. $2,052,000
B. $1,949,400
C. $216,600
D. $307,800
E. $2,154,600
Answer: B
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Excom sells radios and each unit carries a two-year replacement warranty. 5% of the radios sold typically need to be replaced costing Excom $30 per radio. During September, Excom sold 100 radios for $50 each. For what amount in September would Excomdebit Product Warranty Expense?
a. $50 b. $150 c. $30 d. $120
List the four special journals that are often used in a manual accounting information system. State what types of transactions are recorded in each of these special journals.
What will be an ideal response?
All of the following are basic types of compensation plans for salespeople EXCEPT ________
A) straight commission B) straight salary C) salary plus commission D) salary plus company shares E) salary plus bonus
Successful consumer relations can actually reduce costs for a company
Indicate whether the statement is true or false