In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at: Multiple Choice O $48,350. $47,350. $51,350. $71,100.
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- Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Apparel Supplies $ 103,000 $ 69,000 66,950 86,950 % 10 96 Skis $ 175,000 138,000 Replacement cost 118,000 Sales commission 10 Selling price Cost Boots $ 149,000 144,000 125,000 $125,000. $134,100. $144,000. $98,850. 96 10 48,300 44.300 10 % In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at:Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel $101,000 Supplies $66,000 46,200 42,200 Selling price $174,000 $166,000 142,000 120,000 Cost 138,000 134,000 65,650 Replacement cost Sales commission 85,650 10% 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Multiple Choice $113,100. $138,000. $156,600. $134.000.Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 164,000 $ 157,000 $ 116,000 $ 69,000 Cost 138,000 138,000 81,200 44,850 Replacement cost 133,000 112,000 101,200 40,850 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at:
- Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: A) $108,000. B) $90,000. C) $110,000. D) $99,000.Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: A) $140,000. B) $133,000. C) $126,000. D) $130,000.Data related to the inventories of Alpine Ski Equipment is shown below: Skis Boots Apparel Supplies Selling price $180,000 $150,000 $120,000 $60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10% 10% 10% 10% Normal gross profit ratio 20% 20% 15% 15% In applying the LCM rule, the inventory of skis would be valued at: In applying the LCM rule, the inventory of boots would be valued at:
- Using the following information, determine the activity rate for the purchasing activity. Activity Estimated Activity Cost Estimated Activity-Base Usage Setup $80,000 1,000 Purchasing 130,000 10,000 Inspecting 50,000 2,000 a.$2.00 b.$8.00 c.$130.00 d.$13.00G 1. Compute the companys deg X Connect tent A https://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&l Saved napter 05 Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs $2,160,000 1,728,000 $432,000 324,000 Pretax income $ 108,000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. Degree of operating leverage 3.0 ост 20 WExercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 1,462,000 Selling price per pair of skis $ 430 Variable selling expense per pair of skis $ 47 Variable administrative expense per pair of skis $ 20 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 100,000 Beginning merchandise inventory $ 70,000 Ending merchandise inventory $ 110,000 Merchandise purchases $ 295,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit?
- ellvery/deliverAssessment Maps News Translate I New folder O New folder A 11 Research Propos.. Clicxads.com | Cryp.. ACCA TX (F6 UK) N.. 国 B Sites JESSE JU Time Remaining: 00:51:29 A Hide Time Remaining A The following information relates to the operations of a company; cost per unit from supplier- GHC80, variable cost per unit GHC40 and total fixed cost of GH¢300000. The company determines its selling price by adding a margin of 20%. What is the breakeven quantity? O A. 5556units O B. 6665units C. 5000units D. 6000units Reset Selection 12:11 PM Save A a G 4) 3/18/202 Hext Ps hpUsing ABC analysis, which of these should be classified as A item/s based "Annual Usage Cost"? Unit Cost ($) Annual Usage (pcs) Remarks 1.50 Item А-101 100,000 50,000 Only 1 source (in Tibet) A-106 200.00 A-112 100.00 2.00 200 A-115 A-119 10,000 will be replaced with new part in 2 months 8.00 500 19.00 1,000 60,000 1,000 A-122 А-125 3.00 A-130 10.00Rizio Company purchases a machine for $12,300, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $246 discount. Transportation costs of $278 were paid by Rizio. The machine required mounting and power connections costing $850. Another $401 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $330 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine.