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Shalnov [3]
3 years ago
8

Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company

produced 44,000 units and sold 36,000 units at a price of $140 per unit. Manufacturing costs Direct materials per unit $ 60 Direct labor per unit $ 22 Variable overhead per unit $ 8 Fixed overhead for the year $ 528,000 Selling and administrative costs Variable selling and administrative cost per unit $ 11 Fixed selling and administrative cost per year $ 105,000 Exercise 06-9 Part 1a 1a. Assume the company uses absorption costing. Determine its product cost per unit.
Business
1 answer:
Svetach [21]3 years ago
3 0

Answer:

$102

Explanation:

Given that,

Direct materials per unit = $60

Direct labor per unit = $22

Variable overhead per unit = $8

Fixed overhead for the year = $528,000

Units produced = 44,000

Fixed overhead = Fixed overhead for the year ÷ Number of units produced

                          = $528,000 ÷ 44,000

                          = $12 per unit

Total product cost per unit under absorption costing:

= Direct material per unit + Direct labor per unit + Variable overhead + Fixed overhead

= $60 + $22 + $8 + $12

= $102

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Answer:

Current yield=5.74%

Explanation:

Calculation for the current yield for these bonds

Current yield = (.055× $2,000)/$1,917.12

Current yield =$110/$1,917.12

Current yield=0.0574*100

Current yield=5.74%

Therefore the current yield for these bonds will be 5.74%

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3 years ago
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3 0
2 years ago
The Turquoise Oasis Spa places orders for cases of bath salts through a nearby wholesaler. To summarize several orders worth of
mina [271]

Answer:

grouping the data into bins

Explanation:

Grouping the data into bins-

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From the given scenario of the question,

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3 0
3 years ago
Becoming future proof means ensuring that you _________.
poizon [28]
C) the people that purchase goods and services
4 0
3 years ago
The rate of return on total assets is computed by dividing _______
Sonbull [250]

Answer:

Dividing Net income by average total assets

Explanation:

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4 0
4 years ago
Read 2 more answers
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