The cost of a can of Coca Cola in 1960 was $ 0.10 . The exponential function that models the cost of a Coca Cola by year is given below, where t is the number of years since 1960 . C ( t ) = 0.10 e^0.0576t Find the expected cost of a can of Coca Cola in 1990 , 2000 , 2015 and 2040 (rounded to the nearest cent). They expected the cost of Coca Cola to be $-------- in 1990 , $ --------in 2000 , $-------- in 2015 , and $ -------in 2040 .

Sale of Equipment

Equipment was acquired at the beginning of the year at a cost of $29,500. The equipment was depreciated using the double-declining-balance method based on an estimated useful life of ten years and an estimated residual value of $570.

a. What was the depreciation for the first year?
$

b. Assuming the equipment was sold at the end of year 2 for $6,820, determine the gain or loss on the sale of the equipment.
$

c. Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

How the company can overcome the internal failure cost?

Chapter 9 SummarizeThe Cost of Production in a 155 words

Are the criticisms of absorption cost systems are valid or invalid and why?

The following pertains to the cost of a product carried in the inventory of the R Store:

• Inventory on hand, January 1                                          0 units
• Purchases, January 8                                                 2,200 units @ $162.00 per unit =     $356,400
• Purchases, January 19                                                   600 units @ $166.00 per unit =     $ 99,600
• Purchases, January 23                                                   200 units @ $168.00 per unit =     $ 33,600
• Purchases, January 26                                                1,000 units @ $170.00 per unit =     $170,000

4,000                                                      $659,600

• Sales, January 10                                                        1,200 units @ $500 per unit
• Sales, January 18                                                           600 units @ $500
• Sales, January 25                                                           100 units @ $500
• Sales January 30                                                            900 units @ $500

2,800                                      (2,800 x $500 = $1,400,000)

Calculate the following for the month of January AND/OR as of 01-31 under each of the following assumptions:

• R uses a perpetual LIFO costing method. R makes sure that exactly 100% of its COGAS ends up either as EI or COGS.

EI:                                                                         

COGS:                                                                  

Gross profit:                                                        

cost pools as follows:

• Machining                     $20,800
• Order Filling                  $30,400
• Other                            $48,800

Machining costs are allocated to products using machine hours (mh) and Order Filling costs are assigned to products using the number of orders (o). The costs of the Other activity pool are not assigned to products. Activity data appears below.

What is the total overhead cost assigned to Product D7 under activity-based costing?

Explain the lower-of-cost-or-market basis of accounting for inventories.