Which alternative is more profitable

Assignment Help Managerial Accounting
Reference no: EM132527444

Question 1: A company has obsolete inventory costing $71,000. This inventory can be either (a) sold as scrap for $6,000 or (b) re-machined at a cost of $27,500 and then sold for $31,500. Which alternative is more profitable? Show calculations supporting your decision.

Reference no: EM132527444

Questions Cloud

Prepare appropriate journal entries for Universal Leasing : Prepare the appropriate journal entries for Universal Leasing from the beginning of the lease through the end of the lease term
Entrenched with psychological deterrence against intruders : Chain link fence is strong, resilient, extremely durable, and entrenched with psychological deterrence against intruders.
Determine the fixed and variable costs of printing : If production rates were increased to 900,000 newspapers, the cost would drop to $.07 per copy. Determine the fixed and variable costs of printing.
Determine the purchase price of the bonds at January : On January 1, 2018, Mason Investments bought $750,000 of 6% bonds. Determine the purchase price of the bonds at January 1, 2018
Which alternative is more profitable : Which alternative is more profitable? Show calculations supporting your decision. A company has obsolete inventory costing $71,000.
TAEASS502 Design and develop assessment tools Assignment : TAEASS502 Design and develop assessment tools Assignment Help and Solution, Plenty Training - Assessment Writing Service - Describe two more examples
Biometrics is invasion of privacy : Many people believe that the use of biometrics is an invasion of privacy.
Find total dollar difference in favor of the alternative : Stinson Industries has been evaluating,Indicate if Stinson should make or buy the component and the total dollar difference in favor of that alternative.
How much amount should be distributed to each partner : The company liquidates, and $9,500 becomes available to the partners. Who gets the $9,500? How much of this amount should be distributed to each partner

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the average cost per serving

Determine the average cost per serving at each of the monthly volumes. Determine the monthly volume at which the average cost per serving is $0.70.

  Questionon the third day in your role as accountant the

questionon the third day in your role as accountant the general manager has asked you to review the results of 2012 and

  What would factory overhead allocate per unit for each table

What would the factory overhead allocated per unit for each table be, using the department factory overhead allocation rates?3,750 units of production

  What would be the balances at the end of 2014

What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund and (2) related temporarily restricted fund? Also indicate any impact on unrestricted funds.

  Calculate the at december for japan ideas

Remittance was made by the consignee for the amount due, after deducting a 5% commission. Calculate the following at December 31, 2017

  How the internal rate of return

How the internal rate of return (IRR) is determined if there are uneven cash flows?

  The following selected information is from ellerby company

1.The following selected information is from Ellerby Company's comparative balance sheets.

  Determine stefanis total standard cost per unit

Compute Stefani's total standard cost per unit. Stefani Company has gathered the following information about its product. Each unit of product contains 4.00

  Prepare a schedule of cost of goods manufactured

ACC200 Introduction to Management Accounting - Prepare a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The schedules may be in the appendix). Explain why some cost items have been excluded from the schedules.

  Vintech company standard costing

Vintech Company is planning to produce 1,800 units of product in 2011. Each unit requires 4 pounds of materials at $6 per pound and a half hour of labor at $17 per hour. The overhead rate is 70% of direct labor

  How much are estimated cash receipts in may

How much are estimated cash receipts in May? How much is the estimated balance of accounts receivable at the end of May?

  What the author is trying to show about accounting

What the author is trying to show about accounting and economics using this question:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd