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Pachacha [2.7K]
3 years ago
15

Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number o

f units produced 4,600 Variable costs per unit: Direct materials $ 91 Direct labor $ 85 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 161,000 Fixed selling and administrative expense $ 326,600 There were no beginning or ending inventories. The absorption costing unit product cost was:
Business
1 answer:
LUCKY_DIMON [66]3 years ago
6 0

Answer:

The answer is $ 218

Explanation:

Solution

Given that:

                       Description                             Amount

                       Direct materials                          $91

                 Direct labor                                       $85

Variable manufacturing overhead                     $7

Fixed manufacturing overhead

( $ 161,000/ 4,600 units)                                    $35

The unit product under absorption costing =  $218

Therefore, the absorption costing unit product cost is $218

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3 0
1 year ago
An investor buys a $10,000 par, 4.25 percent annual coupon TIPS security with three years to maturity. If inflation every six mo
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Answer:

D. $11,843.37

Explanation:

principal \times (1+\alpha)^6 \times (1+r_n)

We will adjust by inflation the principal, and then calculate the interest.

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Our rate will be for six month as well. Because TIPs pay interest semianually as well.

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3 0
3 years ago
Folsom Fashions sells a line of women's dresses. Folsom's performance report for November Year 1 follows.Actual : Dresses Sold:
ElenaW [278]

Answer:

(B) $5,000 favorable.

Explanation:

Variable cost flexible budget variance:

budget for 6,000 units total variable cost: $180,000

We divide the total cost by the activity in that budget:

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Now we multiply by the actual volume:

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3 years ago
10. A country would place a tariff on imported steel to A. increase the standard of living for all citizens in the country. B. m
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C is correct.
As a result of a tariff, prices for domestic steel consumers go up so D is false. Option B is false because it does not make the market fair for everyone as now domestic producers can charge a higher price since foreign competition is being excluded. Since B, D are false it would make sense that A is also untrue as consumers are now suffering while it is the producers who benefit. 
5 0
3 years ago
Read 2 more answers
Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t
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Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

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