Nourse Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below:Activity Cost PoolActivity MeasureActivity RateSupporting assemblyDirect labor-hours (DLHs)$3.50per DLHProcessing batchesNumber of batches$114.05per batchProcessing ordersNumber of orders$66.95per orderServing customersNumber of customers$2,026.00per customerThe cost of serving customers, $2,026.00 per customer, is the cost of serving a customer for one year. Koerner Corporation buys only one of the company's products. The details of last year's purchases of this product are listed below: Number of units purchased 900unitsNumber of
batches 13batchesNumber of orders 4orderDirect labor-hour requirement 0.10DLHs per unitSelling price$25.75per unitDirect materials cost$7.95per unitDirect labor cost$1.50per unitAccording to the ABC system, the customer margin for this customer this past year was closest to:
A. $19,083.55
B. $14,670.00
C. $10,578.55
D. $16,020.00
Answer: C
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A. ?both borrowers and lenders of fund lose out. B. ??both borrowers and lenders of fund gain. C. ?lenders of funds gain, while borrowers lose out. D. ?borrowers of funds gain, while lenders lose out.
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available:Beginning inventory, January 1: $4,000Net sales: $80,000Net purchases: $78,000The company's gross margin ratio is 25%. Using the gross profit method, the cost of goods sold would be:
A. $60,000. B. $63,000. C. $19,500. D. $20,000. E. $58,500.
While Dylan knows that he can successfully accomplish all his tasks at work, he still has a general feeling that he might not do very well at his upcoming performance appraisal. Dylan has ______.
A. high self-esteem and high self-efficacy B. low self-esteem and high self-efficacy C. high self-esteem and low self-efficacy D. low self-esteem and low self-efficacy
If a business operates in an industry that experiences significant cost changes, should the business prepare its production cost report using the FIFO method or the weighted-average method? Explain your answer
What will be an ideal response