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: 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: 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:
- 13) 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 skis would be valued at: A) $162,000. B) $128,000 C) $120,000. D) $180,000.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?
- Using 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 10.00ellvery/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 hpi Exercise 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: Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required 1 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? Required 2 Amount $ 1,012,000 $ 440 Complete this question by entering your answers in the tabs below. Required 3 $ 150,000 $ 130,000 $ 65,000 $ 100,000 $ 280,000 Selling and administrative expenses: $45 $18 Prepare a traditional income statement for the quarter ended…