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AnnyKZ [126]
3 years ago
12

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Business
1 answer:
photoshop1234 [79]3 years ago
5 0

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

Units produced 8,700

Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

Fixed manufacturing overhead $130,500

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 130,500/8,700= $15

Unit product cost= 13 + 55 + 1 + 15= $84

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Sandhill Co. sells office equipment on July 31, 2022, for $22,430 cash. The office equipment originally cost $77,870 and as of J
ioda

Answer:

(a)

July 31, 2022

Dr. Depreciation Expense          $4,580

Cr. Accumulated Depreciation  $4,580

(b)

Dr. Cash                                      $22,430

Dr. Accumulated Depreciation $41,410

Dr. Loss on Sale of asset          $14,030

Cr. Cost                                       $77,870

Explanation:

Before sale of the asset, depreciation for the year should be recorded. To incorporate its effect on the sale.The depreciation for the 7 months of 2022 will be added to the accumulated depreciation account.

July 31, 2022

Accumulated Depreciation = $36,830 + $4,580 = $41,410

Net Loss is calculated by deducting the accumulated depreciation and cash received on the sale from the original cost of the asset.

5 0
4 years ago
When choosing where to eat lunch, Veronica's major service criterion is speed: being seated promptly and served her meal quickly
Pie

Answer:

Letter d is correct. <em>Responsiveness.</em>

Explanation:

Responsiveness is the dimension of quality of service that is most important to Veronica because she is a customer whose primary service need is speed.

To achieve this dimension of quality of service, the company must implement strategies that help optimize the speed with which its service is delivered to the customer. To assess responsiveness, the company needs to obtain data on how long it provides customer response, and then align your prospect's needs with their response time.

3 0
3 years ago
urphy Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of un
LUCKY_DIMON [66]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

The v<u>ariable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

<u>Unit cost under absorption costing:</u>

Unitary product cost= 137 + 75 + 4 + (846,800/14,600)

Unitary product cost= $274

<u>Unit cost under variable costing:</u>

Unitary variable product cost= 137 + 75 + 4

Unitary variable product cost= $216

3 0
3 years ago
Russell Company collected cash of $780 immediately after providing consulting services to a client. Which of the following gener
Andrej [43]

Answer:

Debit Utilities Expense 400

Credit Accounts Payable 400

Explanation:

7 0
3 years ago
If employers do not require a(n) __________, performance appraisal ratings often do not match the normal distribution of a bell-
Lubov Fominskaja [6]

Answer:

forced distribution

Explanation:

Based on the rest of the sentence it can be said that the missing term is forced distribution. This is a system that requires managers to evaluate each individual and rank them typically into one of three categories. These categories are excellent, good, and poor and allow managers to indicate if the employee should be terminated, is doing good, or is in-line for promotion as indicated in the graph below. This term is also known as the vitality curve or bell curve.

4 0
3 years ago
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