Colicchio Corporation acquired two inventory items at a lump-sum cost of $60,000. The acquisition included 3,000 units of knife X001, and 3,000 units of knife X002. X001 normally sells for $20 per unit, and X002 for $10 per unit. If Colicchio sells 1,000 units of X002, what amount of gross profit should it recognize?

Explanation:

X001 Sales volum = 3000*$20 = $60,000

X002 Sales volum = 3000*$10 = $30,000

Total $90,000

Allocated to X002 based on sales volum is 33.33% (30,000/90,000) of the 60,000, which is $20,000

Cost per unit of X002 is $6.67 ($20,000/3,000). Sells 1000 units, $6.67*1000 = $6670.

Gross profit = Revenue $10,000 - Cost $6670 = $3330 in gross profit

$3,333

Explanation:

Using the maximum revenue achievable as cost allocation basis, we can then proceed as follows:

Knife X001 maximum achievable revenue = $20 × 3,000 = $60,000

Knife X001 achievable maximum revenue = $10 × 3,000 = $30,000

Total maximum achievable revenue = $60,000 + $30,000

Weight of Knife X001 = 60,000/90,000 = 0.67

Weight of Knife X002 = 30,000/90,000 = 0.33

Total cost allocated to Knife X001 = 0.67 × 60,000 = $40,000

Total cost allocated to Knife X002 = 0.33 × 60,000 = $30,000

Unit cost of Knife X001 = $40,000/3,000 = $13.33

Unit cost of Knife X002 = $20,000/3,000 = $6.67

Revenue from Knife X002 1,000 units sold = $10 × 1,000 = $10,000

Cost of Knife X002 1,000 units sold = $6.67 × 1,000 = $6,667

Gross profit from Knife X002 1,000 units sold = $10,000 - $10,000 – $6,667 = $3,333.

Therefore, amount of gross profit which Colicchio Corporation should recognize is $3,333 if 1,000 units of Knife X002 is sold.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; dogs;