Assume that ABC Power Tools assembles industrial tools and handheld tools for the construction industry....
60.1K
Verified Solution
Link Copied!
Question
Accounting
Assume that ABC Power Tools assembles industrial tools and handheld tools for the construction industry. Item 1 is a heavy-duty band saw that is assembled at the plant and shipped to an ABC distribution center for storage, waiting for an order to be placed. The table below summarizes the cost of holding Item 1 in storage for a one-year time period. Cost Category Cost $ COGS 315 Inbound Freight 25 Labor/unit 10 Labor/month 0.5 Space/unit/month 1.5 Insurance/unit/year 1.5 Interest/unit/year. 15% Taxes/year. 2% Loss and damage/year. 1% Obsolescene/year. 1%
Assume that ABC Power Tools assembles industrial tools and handheld tools for the construction industry. Item 1 is a heavy-duty band saw that is assembled at the plant and shipped to an ABC distribution center for storage, waiting for an order to be placed. The table below summarizes the cost of holding Item 1 in storage for a one-year time period.
Cost Category Cost $
COGS 315
Inbound Freight 25
Labor/unit 10
Labor/month 0.5
Space/unit/month 1.5
Insurance/unit/year 1.5
Interest/unit/year. 15%
Taxes/year. 2%
Loss and damage/year. 1%
Obsolescene/year. 1%
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.