Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. creative hats produces hats that normally sell for

Creative Hats produces hats that normally sell for $55 each. Creative currently has 400 defective...

50.1K

Verified Solution

Question

Accounting

Creative Hats produces hats that normally sell for $55 each. Creative currently has 400 defective hats in inventory that have $35 of material, labor and
overhead costs already incurred to make each hat. The defective hats can either be completely repaired at an additional cost of $25 per hat or sold as is at a
reduced price of $18 per hat. Creative would be better off by:
Multiple Choice
$2,800 to sell the hats at the reduced price
$2,000 to sell the hats at the reduced price
$5,200 to sell the hats at the reduced price
$4,800 to repair the hats and sell them at the normal price
none of the answers are correct
image

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

Q

Pepper, Inc. agrees to lease equipment from the Blue Corporationfor 10 years at $25,000...

Accounting
Q

Think about the microscopic, histological physical traits that are unique to skeletal muscle. In complete sentences,...

Medical Sciences
Q

you add 1 ml of 0.1M HCl to a solution containing 10ml of 0.2M acetic acid (Ka...

Chemistry
Q

A horizontal disk with radius R and charge density σ is centered originally. A particle with...

Physics
Q

1.) A conducting loop is sitting in a magnetic field. Which of the following actions would...

Physics
Q

What are the national factors driving the internationalization of the media industry? What are the core business...

General Management
Q

1 Identify the above forelimb structures as to whether they are homologous analogous or vestigial...

Biology
Q

Click the following link to view Personal Income Outlays data from FRED Then use that...

Basic Math
Q

Estimated inventory (units), August 1 12,000 Desired inventory (units), August...

Accounting
Q

On January 1,2022, Vaughn Company purchased a building and equipment that have the following useful...

Accounting
Q

9 Stock options and restricted stock L08 You recently spoke to a former classmate of...

Accounting
Q

Create a scenario in which a company conceals financial fraud from the auditing firm through...

Accounting