The Tolar Corporation has 400 obsolete desk calcuators that are caried in inventory at a...

90.2K

Verified Solution

Question

Accounting

image
image
image
The Tolar Corporation has 400 obsolete desk calcuators that are caried in inventory at a total cost of $26.800. t these calculotors are upgraded at a total cost of $10.000, they can be sold for a total of $30,000. As an alternative, the calculators can be sold in their present condition for $11.200. What is the financial advantage (disadvantage) to the company from upgrading the calculators? Multiple Choice $8,800 ($18.000 $20000 ($8000) below The management of Furrow Corporation is considering dropping product LOTE. Data from the company's budget for the upcoming year appear Sales Variable expenses Fixed manufacturing expenses Fixed selling and administrative expenses $980,00e $402,880 $384,000 264,000 are fully allocated to products. Further investigation has revealed that $261,000 of the LOTE is discontinued. The financial advantage manufacturing expenses and $222,000 of the fixed selling and administrative expenses are avoidable if product (dsadvantage) for the company of elminating this product for the upcoming year would be: Multiple Choice $(70000) $95,000 70,000 $(95.000)

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students