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3 years ago

In long-run equilibrium:

Business

1 answer:

Sonja [21]3 years ago

4 0

Answer:

I think the answer is C.

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g g its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $7 per uni

Vika [28.1K]

Answer:

Inventory= $238,000

Explanation:

Giving the following information:

Direct materials, $7 per unit

Direct labor, $5 per unit

Variable overhead, $6 per unit

Fixed overhead, $270,000.

The company produced 27,000 units, and sold 18,500 units, leaving 8,500 units in inventory at year-end.

Unitary fixed overhead= 270,000/27,000= $10 per unit

Total unitary cost= 7+5+6+10= $28

Inventory= 28*8500= $238,000

5 0

3 years ago

Rider Company is in the process of preparing it closing entries. It first closes its revenue accounts by crediting the Income Su

Ksivusya [100]

Answer:

B. Debit Income summary Debit $ 23,000

Retained Earnings Credit $ 23,000

Explanation:

The closing entries are recorded to close the current year's income statement to the retained earnings account,

According to the data in the question, the revenue is closed to the credit of the income Summary of $ 68,000 and the expenses are closed to the debit of the Income Summary of $ 45,000. This leaves a credit balance of $ 23,000 in the income summary account which is closed by debiting the income summary account and crediting the retained earnings account.

Since the revenue exceeded the expenses, the result ia a profir which should increase the retained earnings account, which would be the case by a credit to the retained earnings account.

7 0

3 years ago

Globalization tends to create a more diverse workplace.<br><br> T<br> F

ANTONII [103]

The correct answer is T

!

4 0

4 years ago

Read 2 more answers

Allocating the cost of intangible assets to expense is referred to as

Aneli [31]

Answer: Amortization

Explanation:

4 0

3 years ago

Cuidado, a nonprofit organization that focuses on caring for the cklerly, encourages its members to do as much as possible for t

postnew [5]

Answer: Utilitarian influence- B

Explanation: Utilitarian influence is the influence that is based on individual or group who will make decisions based on what would produce the greatest amount of happiness.

It shows how individuals would comply based on perceived expectations of others to achieve rewards .

We can infer that Cuidado, non profit organizations uses Utilitarian influence because it felt that people will only subscribe to caring for the elderly in Thier organisations if they perceive expectations that may be benefited

from complying to Thier program.

3 0

3 years ago

Read 2 more answers