Solved: Calculate the cost per lot utilizing the relative sales, Accounting Basics

+44 141 628 6080
[email protected]

Calculate the cost per lot utilizing the relative sales

Question: Toms River Developers purchased land for $1 million that can be divided into 800 lots.

These lots are of different sizes and shapes and are sorted into three groups: A, B, and C.

Calculate the cost per lot utilizing the relative sales value method from the information below.

Lots Number of Lots Sales Price Per Lot

A 200 $5,000
B 200 $3,000
C 400 $2,250

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Calculate the cost per lot utilizing the relative sales

Reference No:- TGS01931587

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Demand for health food in the market

Task: Discuss the factors that influence the demand for health food in the market. 1) Give at least 2 factors that influence demand for health food in market.

Q : Provide a coefficient matrix corresponding to the system

Provide a coefficient matrix corresponding to the system of linear equations.What is the inverse of this matrix?

Q : Overpricing of services

"Enterprise Funds should not be permitted to accumulate unrestricted net assets, since to do so would indicate overpricing of its services." Do you agree?

Q : Identify each expense as fixed or variable

Q1. Identify each expense as fixed or variable. Q2. Classify each cost as one of the following: direct materials cost, direct labor cost, overhead cost.

Q : Calculate the cost per lot utilizing the relative sales

Calculate the cost per lot utilizing the relative sales value method from the information below.

Q : Why is economic growth important

Why is economic growth important? Why could the difference between a 2.5 percent and a 3 percent annual growth rate be of great significance.

Q : Linear programming problems-tax returns

Linear Programming Problems: Tax Returns.Matrix methods can be used to solve linear programming problems.

Q : Determining-stability of systems

Stability of systems.A single-loop negative feedback system has a loop transfer function.

Q : Create and compare various supply demands by graphs

Preparing for upcoming sales meeting and need to create and compare various supply demands by graphs to show the break even point

1959704

Questions
Asked

3,689

Active Tutors

1449822

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.

Which is a criticism of marxist/conflict theories

Question: Which of the following is a criticism of Marxist/conflict theories? Group of answer choices

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

What cases does female status tend to be highest

Question: In which of the following cases does female status tend to be highest? Group of answer choice

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements