Question

In: Finance

Value of returns to the supplier on 08 May 2019. (2 marks) 1.1.2 Quantity, unit price...

Value of returns to the supplier on 08 May 2019. (2 marks) 1.1.2 Quantity, unit price and total value of closing inventory on 31 May 2019. (3 marks) 1.1.3 Total value of the issues to production during May 2019. (5 marks) (Note: A table may be prepared for the transactions but the answers to the questions stated above must appear after the table. Where applicable, round off the weighted average cost per unit to the nearest cent.) INFORMATION The following transactions of Edblow Limited, which uses the weighted average cost method of inventory valuation, took place during May 2019 in respect of a component used in a project: May 01 Inventory of component 180 units @ R20 per unit 05 Issued to production 160 units 06 Purchased from a supplier 480 units @R22 per unit 08 Returned 100 incorrectly supplied components to the supplier (see 06 May) ? 12 Issued to production 300 units 24 Purchased from supplier 100 units @ R25 per unit 31 Issued to production 80 units

Solutions

Expert Solution

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

Calculate the monthly returns for 08/01/2015 – 08/31/2019 period for (i) S&P 500: Date Adj Close...
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period for (i) S&P 500: Date Adj Close 8/1/2015 1972.18 9/1/2015 1920.03 ######## 2079.36 ######## 2080.41 ######## 2043.94 1/1/2016 1940.24 2/1/2016 1932.23 3/1/2016 2059.74 4/1/2016 2065.3 5/1/2016 2096.95 6/1/2016 2098.86 7/1/2016 2173.6 8/1/2016 2170.95 9/1/2016 2168.27 ######## 2126.15 ######## 2198.81 ######## 2238.83 1/1/2017 2278.87 2/1/2017 2363.64 3/1/2017 2362.72 4/1/2017 2384.2 5/1/2017 2411.8 6/1/2017 2423.41 7/1/2017 2470.3 8/1/2017 2471.65 9/1/2017 2519.36 ######## 2575.26 ######## 2584.84 ######## 2673.61 1/1/2018 2823.81 2/1/2018 2713.83 3/1/2018 2640.87...
1.     Use the following information and answer the following: Product Price 2019 Quantity 2019 Price 2020 Quantity...
1.     Use the following information and answer the following: Product Price 2019 Quantity 2019 Price 2020 Quantity 2020 Food $10 1,000 $12 1,200 Clothing $40 400 $48 500 Education $100 600 $120 120 Health care $200 300 $240 360 a.     Nominal GDP for 2019 and 2020. b.     Assume 2019 is the base year and calculate the price index for 2020. c.      Real GDP for 2020. d.     Nominal and real rate of growth of GDP. e.     Inflation rate between 2019 and 2020.
the price that a supplier assigns to a product is closely related to both the quantity...
the price that a supplier assigns to a product is closely related to both the quantity of the product demanded by the market and the quantity of the product the supplier places in the market. Consider the example of Phantom Inc., which sells tablet computers. Phantom Inc. determines that if they price the tablet at $1,600, they will be able to sell 1,500 tablets per day. If they price it at $1,200, they will be able to sell 2,000 per...
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period for (iii) Chevron: Date Adj Close 8/1/2015...
Calculate the monthly returns for 08/01/2015 – 08/31/2019 period for (iii) Chevron: Date Adj Close 8/1/2015 67.98351 9/1/2015 67.04664 ######## 77.24643 ######## 77.62042 ######## 77.39832 1/1/2016 74.39566 2/1/2016 71.78875 3/1/2016 83.11975 4/1/2016 89.02702 5/1/2016 87.99893 6/1/2016 92.30142 7/1/2016 90.23226 8/1/2016 88.55934 9/1/2016 91.57452 ######## 93.20279 ######## 99.26207 ######## 105.7736 1/1/2017 100.0671 2/1/2017 101.1006 3/1/2017 97.41397 4/1/2017 96.80608 5/1/2017 93.88468 6/1/2017 95.61873 7/1/2017 100.0729 8/1/2017 98.63402 9/1/2017 108.7711 ######## 107.2807 ######## 110.1504 ######## 116.9746 1/1/2018 117.1241 2/1/2018 104.5755 3/1/2018 107.6171 4/1/2018...
Standard cost information: Standard Quantity / Unit Standard Price Standard Cost / Unit Direct Material 2...
Standard cost information: Standard Quantity / Unit Standard Price Standard Cost / Unit Direct Material 2 $0.75 $1.50 Direct Labor 5 $0.35 $1.75 Variable Overhead 3 $1.20 $3.60 Actual cost information: Total Actual Used Total Actual Cost Direct Material 19,500 $19,500 Direct Labor 34,500 $15,750 Variable Overhead 18,000 $22,000 Do not enter dollar signs or commas in the input boxes. Round all Unit values to 2 decimal places. Round all other answers to the nearest whole number. Enter all variances...
2. (6 marks) On May 15, 2019, President Trump issued an executive order that bans the...
2. On May 15, 2019, President Trump issued an executive order that bans the export of U.S. technology to Chinese mobile phone manufacturing firms. As a result, the cost of chips that produces mobile phones becomes more expensive. According to Research Report of Mobile Phone Exports in China, the price of Chinese manufacturing mobile phones changed by 10% while the sales volume changed by 15% due to the executive order. a. With the above figures, calculate the relevant price elasticity...
Economic Growth (10 Marks) 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12...
Economic Growth 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12 Books 50 $15 40 $20 Using 2017 as a base year, calculate; 1) The GDP deflator 2) Nominal Economic growth 3) Real economic growth 4) Give reasons why Real GDP per capita may overstate the well-being of a countries inhabitants? make as per Canadian standards.                            
Economic Growth (10 Marks) 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12...
Economic Growth 2017 2018 Product Quantity Price Quantity Price Backpacks 100 $10 120 $12 Books 50 $15 40 $20 Using 2017 as a base year, calculate; 1) The GDP deflator 2) Nominal Economic growth 3) Real economic growth 4) Give reasons why Real GDP per capita may overstate the well-being of a countries inhabitants?
When the price is $2, the quantity demanded is 10. When the price rises to $8, the quantity demanded falls to 2.
When the price is $2, the quantity demanded is 10. When the price rises to $8, the quantity demanded falls to 2. What is the value of the elasticity of demand? Is it elastic or inelastic?
Product Price 2019 Quantity 2019 Price "20 Q "20 Food 10 1000 12 1200 Clothing 40...
Product Price 2019 Quantity 2019 Price "20 Q "20 Food 10 1000 12 1200 Clothing 40 400 48 500 Education 100 600 120 620 Health care 200 300 240 360 1. What is the nominal GDP in 2019? 2. What is the nominal GDP in 2020? 3. Assuming 2019 is the base year, calculate the price index for 2020. ROUNDING UP TO TWO DECIMAL POINTS. For Example, 2.136986 is rounded up to 2.14. 4. What is the real GDP in...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT