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Naddik [55]
3 years ago
15

During its first year of operation Salon Manufacturing Company sold 1,200 units of inventory. Salon incurred variable product co

st of $6.50 per unit and $2,500 of fixed manufacturing overhead costs. The sales price of the products was $10.00 per unit. Salon uses absorption costing. Based on this information Salon will report net income of (Do not round intermediate calculations.)
Business
1 answer:
kotegsom [21]3 years ago
5 0

Answer:

Net Income under absorption costing =$1,700

Explanation:

<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to  all units produced using an overhead absorption rate</em>

<em>The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads</em>

Overhead absorption rate = Overhead for the period/

Net Income = (1200 × $10) - (1200× $6.50) - 2,500

                  = $1,700

Net Income under absorption costing =$1,700

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vitfil [10]

Answer:

decrease/decrease

Explanation:

The interest rate is a monetary mechanism that serves to keep inflation under control. Inflation is a monetary phenomenon, caused by excess currency in circulation. Thus, the more money in circulation, the higher the interest rate tends to be. Conversely, when the money supply is smaller, inflation will be lower. Consequently, the interest rate will be low. Similarly, when the money supply is high, spending on the economy increases (and causes inflation). When the money supply is low, less money will be in circulation and spending will decrease. Inflation will be low. And the interest rate too!

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3 years ago
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Identify the choice that best completes the statement or answers the question. The law of comparative advantage states that a na
ipn [44]

Answer:

By producing a product with a lower opportunity cost

Explanation:

Given that the law of comparative advantage states that a nation is better off when it produces goods and services for which it has a comparative advantage.

To obtain a comparative advantage means "By producing a product with a lower opportunity cost."

This implies that while many nations can produce the same products, a particular nation will have the comparative advantage over other nations if its opportunity cost of producing that specific product is quite lower compared to other nations that ks capable of producing the same product.

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2 years ago
What is the statement below an example of?
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"I am looking for a management position in a non-profit organization where I can apply my administrative and problem-solving skills to help protect the environment and endangered animal species."  C. Letter of interest

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3 years ago
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Damon convinced his aunt to lend him 2000 to purchase a plasma digital tv she has agreed to charge only 6 percnt simple interest
AnnyKZ [126]

Answer:

$120

Explanation:

In this question, we simply have to apply the simple interest formula which is shown below:

= Principal amount × rate of interest × time period

= $2,000 × 6% × 1 year

= $120

Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.

So, $120 interest is paid for the year

7 0
3 years ago
Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the proces
sergey [27]

Answer:

The expected return and beta on the portfolio be after the purchase of the Alpha stock will be 11.20%; 1.23

Explanation:

Provided data;

90000 value portfolio with expected returns of 11% and beta of 1.20

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The new expected portfolio return =

rp = 0.1 × 13% + 0.9 × 11%

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bp = 1.23

7 0
3 years ago
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