A company reported the following data related to its ending inventory:ProductUnits AvailableCostMarket849100$10$11842751614847601413860401620Calculate the lower-of-cost-or-market on the inventory applied separately to each product.
What will be an ideal response?
| Product | Units On Hand | Per Unit Cost | Market | Total Cost | Total Market | LCM by Product |
| 849 | 100 | $10 | $11 | $1,000 | $1,100 | $1,000 |
| 842 | 75 | 16 | 14 | 1,200 | 1,050 | 1,050 |
| 847 | 60 | 14 | 13 | 840 | 780 | 780 |
| 860 | 40 | 16 | 20 | 640 | 800 | 640 |
| ? | ? | ? | ? | $3,680 | ? | $3,470 |
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Present Value of 1Periods3%4%5%6%7%8%9%10%12%30.91510.88900.86380.83960.81630.79380.77220.75130.711840.88850.85480.82270.79210.76290.73500.70840.68300.635550.86260.82190.78350.74730.71300.68060.64990.62090.567460.83750.79030.74620.70500.66630.63020.59630.56450.506670.81310.75990.71070.66510.62270.58350.54700.51320.452380.78940.73070.67680.62740.58200.54030.50190.46650.403990.76640.70260.64460.59190.54390.50020.46040.42410.3606100.74410.67560.61390.55840.50830.46320.42240.38550.3220Future Value of
1Periods3%4%5%6%7%8%9%10%12%31.09271.12491.15761.19101.22501.25971.29501.33101.404941.12551.16991.21551.26251.31081.36051.41161.46411.573551.15931.21671.27631.33821.40261.46931.53861.61051.762361.19411.26531.34011.41851.50071.58691.67711.77161.973871.22991.31591.40711.50361.60581.71381.82801.94872.210781.26681.36861.47751.59381.71821.85091.99262.14362.476091.30481.42331.55131.68951.83851.99902.17192.35792.7731101.34391.48021.62891.79081.96722.15892.36742.59373.1058Present Value of an Annuity of 1Periods3%4%5%6%7%8%9%10%12%32.82862.77512.72322.67302.62432.57712.53132.48692.401843.71713.62993.54603.46513.38723.31213.23973.16993.037354.57974.45184.32954.21244.10023.99273.88973.79083.604865.41725.24215.07574.91734.76654.62294.48594.35534.111476.23036.00215.78645.58245.38935.20645.03304.86844.563887.01976.73276.46326.20985.97135.74665.53485.33494.967697.78617.43537.10786.80176.51526.24695.99525.79505.3282108.53028.11097.72177.36017.02366.71016.41776.14465.6502Future Value of an Annuity of 1Periods3%4%5%6%7%8%9%10%12%33.09093.12163.15253.18363.21493.24643.27813.31003.374444.18364.24654.31014.37464.43994.50614.57314.64104.779355.30915.41635.52565.63715.75075.86665.98476.10516.352866.46846.63306.80196.97537.15337.33597.52337.71568.115277.66257.89838.14208.39388.65408.92289.20049.487210.089088.89239.21429.54919.897510.259810.636611.028511.435912.2997910.159110.582811.026611.491311.978012.487613.021013.579514.77571011.463912.006112.577913.180813.816414.486615.192915.937417.5487Jackson has a loan that requires a $17,000 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How much did Jackson borrow today? Fill in the blank(s) with the appropriate word(s).
Which of the following is not a benefit of activity-based costing (ABC)?
A) Increased product cost information B) Increased accuracy in the budgeting process C) Increased implementation costs D) Increased understanding of activities that drive overhead costs
Pedregon Corporation has provided the following information: Direct materials$51,000Direct labor cost$54,000Manufacturing overhead$82,000Selling expense$18,000Administrative expense$42,000 The prime cost for November was:
A. $105,000 B. $112,000 C. $136,000 D. $60,000
Transactional leadership encompasses all of the following except
A. goal setting. B. giving feedback. C. administering discipline. D. monitoring progress toward goal achievement. E. social interaction.