Homework Answers
Calculation of Cost of Machine
| Purchase price of machine | 11600 |
| Less- Discount | (232) |
| Add- Transportation cost | 262 |
| Add-- Mounting and power connections | 802 |
| Add- Assembly charges | 378 |
| Add-- Materials | 40 |
| Total cost to be recorded | $12850 |
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Rizio Co. purchases a machine for $11,600, terms 2/10,n/60, FOB shipping point. Rizio paid within the...
Rizio Co. purchases a machine for $10,900, terms 2/10, n/60, FOB shipping point. Rizio paid within...
Rizio Co. purchases a machine for $10,900, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $218 discount. Transportation costs of $246 were paid by Rizio. The machine required mounting and power connections costing $754. Another $355 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $225 worth of repairs were made. Complete the below table to calculate the...
Rizio Co. purchases a machine for $14,900, terms 2/10, n/60, FOB shipping point. Rizio paid within...
Rizio Co. purchases a machine for $14,900, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $298 discount. Transportation costs of $337 were paid by Rizio. The machine required mounting and power connections costing $1,030. Another $486 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $375 worth of repairs were made. Complete the below table to calculate the...
Rizio Co purchases a machine for $12,500, terms 2/10,n/60, FOB shipping point. Rizio paid within the...
Rizio Co purchases a machine for $12,500, terms 2/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895 Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. Complete the below table to calculate the cost...
Rizio Co. purchases a machine for $13,900, terms 1/10, n/60, FOB shipping point. Rizio paid within...
Rizio Co. purchases a machine for $13,900, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $139 discount. Transportation costs of $314 were paid by Rizio. The machine required mounting and power connections costing $961. Another $453 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $315 worth of repairs were made points Complete the below table to calculate...
Rizio Co. purchases a machine for $11,500, terms 1/10, n/60, FOB shipping point. Rizidpaid within the...
Rizio Co. purchases a machine for $11,500, terms 1/10, n/60, FOB shipping point. Rizidpaid within the discount period and took the $115 discount. Transportation costs of $260 were paid by Rizio. The machine required mounting and power connections costing $795. Another $375 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $350 worth of repairs were made. Complete the below table to calculate the cost...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $256 discount. Transportation costs of $289 were paid by Rizio. The machine required mounting and power connections costing $885. Another $417 is paid to assemble the machine and $40 of materials are used to get it into operation During installation, the machine was damaged and $370 worth of repairs were made. Complete the below table to calculate the...
Rizio Co. purchases a machine for $11,600, terms 2/10, n/60, FOB shipping point. The seller prepaid the $262 freight cha...
Rizio Co. purchases a machine for $11,600, terms 2/10, n/60, FOB shipping point. The seller prepaid the $262 freight charges, adding the amount to the invoice and bringing its total to $11,862. The machine requires special steel mounting and power connections costing $802. Another $378 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $275 in damages occurred. Materials costing $40 are used in adjusting the machine to produce a...
Exercise 10-1 Cost of plant assets cil Rizio Co. purchases a machine for $12,500, terms 210, n60, FOB shipping poin...
Exercise 10-1 Cost of plant assets cil Rizio Co. purchases a machine for $12,500, terms 210, n60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made....
10 Rizio Co. purchases a machine for $13,600, terms 2/10, n/60, FOB shipping point. The seller...
10 Rizio Co. purchases a machine for $13,600, terms 2/10, n/60, FOB shipping point. The seller prepaid the $307 freight charges, adding the amount to the invoice and bringing its total to $13.907. The machine requires special steel mounting and power connections costing $940. Another $443 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting $260 in damages occurred. Materials costing $40 are used in adjusting the machine to produce...
Check my work Exercise 8-1 Cost of plant assets LO C1 1.66 points Rizio Co. purchases a machine for $11,400, terms 1/10...
Check my work Exercise 8-1 Cost of plant assets LO C1 1.66 points Rizio Co. purchases a machine for $11,400, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $114 discount. Transportation costs of $258 were paid by Rizio. The machine required mounting and power connections costing $788. Another $372 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and...
Rizio Co. purchases a machine for $10,900, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $218 discount. Transportation costs of $246 were paid by Rizio. The machine required mounting and power connections costing $754. Another $355 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $225 worth of repairs were made. Complete the below table to calculate the...
Rizio Co. purchases a machine for $14,900, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $298 discount. Transportation costs of $337 were paid by Rizio. The machine required mounting and power connections costing $1,030. Another $486 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $375 worth of repairs were made. Complete the below table to calculate the...
Rizio Co purchases a machine for $12,500, terms 2/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895 Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. Complete the below table to calculate the cost...
Rizio Co. purchases a machine for $13,900, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $139 discount. Transportation costs of $314 were paid by Rizio. The machine required mounting and power connections costing $961. Another $453 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $315 worth of repairs were made points Complete the below table to calculate...
Rizio Co. purchases a machine for $11,500, terms 1/10, n/60, FOB shipping point. Rizidpaid within the discount period and took the $115 discount. Transportation costs of $260 were paid by Rizio. The machine required mounting and power connections costing $795. Another $375 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $350 worth of repairs were made. Complete the below table to calculate the cost...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $256 discount. Transportation costs of $289 were paid by Rizio. The machine required mounting and power connections costing $885. Another $417 is paid to assemble the machine and $40 of materials are used to get it into operation During installation, the machine was damaged and $370 worth of repairs were made. Complete the below table to calculate the...
Exercise 10-1 Cost of plant assets cil Rizio Co. purchases a machine for $12,500, terms 210, n60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made....
10 Rizio Co. purchases a machine for $13,600, terms 2/10, n/60, FOB shipping point. The seller prepaid the $307 freight charges, adding the amount to the invoice and bringing its total to $13.907. The machine requires special steel mounting and power connections costing $940. Another $443 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting $260 in damages occurred. Materials costing $40 are used in adjusting the machine to produce...
Check my work Exercise 8-1 Cost of plant assets LO C1 1.66 points Rizio Co. purchases a machine for $11,400, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $114 discount. Transportation costs of $258 were paid by Rizio. The machine required mounting and power connections costing $788. Another $372 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and...
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