Answer:
Unit product cost= $204
Explanation:
Giving the following information:
Number of units produced 10,700
Variable costs per unit:
Direct materials $108
Direct labor $51
Variable manufacturing overhead $7
Fixed manufacturing overhead $417,300
Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.
First, we need to calculate the unitary fixed manufacturing overhead
unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit
Unit product cost= 108 + 51 + 7 + 39= $204
Answer:
C) writ of execution
Explanation:
Writ of execution is a judicial order that a judgement be enforced.
Answer:
This concept is called the opportunity cost.
Explanation:
The opportunity cost of any economic decision is the cost of giving up or sacrificing its alternative. We are aware that resources are limited and have alternative uses. We have to use these resources to satisfy unlimited wants and needs.
If we use resources for one purpose it cannot be used for another. So we have to make a decision on how to spend the resources, on which alternative use. If we select one alternative, we need to give up another. The cost incurred on sacrificing or giving up the other alternative is the opportunity cost of using the resource for the first alternative.
Answer:
Explanation:
The reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset lower than the book value of the asset then there is an impairment.
Amortized Cost / Book value = $40,000
Fair Value = $30,000
Debt investment is also impaired as its fair value is less than the amortized cost which is the book value.
Impairment Loss = $40,000 - $30,000
Impairment Loss = $10,000
Answer: $5,500 (Increase)
Explanation:
Given that,
Performed services = $2,000 on account
Received cash on account = $8,000
Paid for repair expense = $700
Payment to a supplier that it owed from the previous month = $1,800
Cash paid = Paid for repair expense + Payment to a supplier
= $700 + $1,800
= $2,500
Effect = Received cash - Paid cash
= $8,000 - $2,500
= $5,500 (Increase)
