Answer:
Unit product cost is equal to $66
Explanation:
It is given that direct material cost = $14
Direct labor cost = $44
Variable manufacturing overhead = $8
We have to find the unit product cost
Unit product cost is the sum of material cost labor cost and manufactoring overhead
Therefore unit product cost = $14+$8+$44= $66
So unit product cost is equal to $66
Answer:
D) $30,000
Explanation:
To calculate the prime cost per unit we can use the following formula:
prime cost per unit = direct materials per unit + direct labor per unit = $26
We were given the total direct materials, so to determine the direct per unit we divide that by the total units produced: $100,000 / 5,000 units = $20
direct labor per unit = prime cost per unit - direct materials per unit
direct labor per unit = $26 - $20 = $6
Now to calculate the total labor cost we multiply the direct labor per unit ($6) times 5,000 units = $30,000
You will have $2,167 or in total you will have $12,167
Answer and Explanation:
The computation of the federal income tax ramifications are shown below:
At the corporate level, the capital gain is
= Worth of the land - the purchased value of the land four years ago
= $240,000 - $160,000
= $80,000
Since there is four shareholders, so the amount each shareholder held is
= $80,000 ÷ 4
= $20,000
And, the David stock basis drop is
= David basis in S corporation stock - land worth + amount of each shareholder
= $270,000 - $240,000 + $20,000
= $50,000
Answer:
Decrease / Indeterminate
Explanation:
In this scenario the price of cherries is lower so she can buy more to make pies. This increases the quantity she can produce.
The new type of cherry pie that consumers like will increase the demand for it, so this also causes increase in quantity of cherry pies.
With regards to the price we cannot determine if it will rise of decrease.
Normally as quantity demanded for product increases the price will also increase. This allows the seller make more product.
On the other hand a major input that is cherries has decreased in price. So cost of production is lower. This should result in lower price of cherry pies.
