If your average is an 83 and you took a test and made a 80 on it what is your average then?

Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per

Darina [25.2K]

Answer:

43.57 %

Explanation:

The computation of the gross margin for the cat condos is given below:

Total Manufacturing Cost per unit is

= Direct materials + Direct labor + Manufacturing overhead

= $22 + $15 + ( 280% of $15)

= $79

Now

Gross Profit is

= Selling price per unit - Total Manufacturing Cost per unit

= $140 - $79

= $61

And finally

Gross Profit Margin is

= (Gross Profit ÷ Selling Price ) × 100

= ($61 ÷ $140) × 100

= 43.57 %

8 0

2 years ago

At Mighty-Tuf Industrial Products Group, 30 percent of its employees are neither a citizen of the parent company nation nor the

horsena [70]

Employees that are not from the parent country or the host nation are known as third-country nationals.

<h3>Who are third-country nationals?</h3>

These are those employees that do not come from the country the company was founded in, or from the country that the company is operating in.

These employees are usually hired based on competence and not due to internal policies dictating that a certain number of nationals or home citizens must be hired.

Find out more on employee hiring policies at brainly.com/question/25907189.

4 0

2 years ago

Leasing allows business owners to forecast cash flows more ________ because lease payments are ________ amounts paid over a part

Pie

Leasing allows business owners to forecast cash flows more ACCURATELY, because lease payment are FIXED amount paid over a particular time period.
Leasing involves paying a specified amount of money monthly or yearly for use of a particular landed property. Leasing fees are usually fixed in amount and this allows one to accurately calculate how much money one can expect from this source of revenue.

3 0

3 years ago

Donovan Company incurred the following costs while producing 500 units: direct materials $10 per unit, direct labour $25 per uni

Dafna1 [17]

Answer:

Option (D) is correct.

Explanation:

Unit product cost:

= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead

= $10 + $25 + $15 + $20

= $70

Operating income using absorption costing:

= (500 units × $100) - (500 units × $70) - (500 units × $5) - $7,500

= $50,000 - $35,000 - $2,500 - $7,500

= $5,000

8 0

3 years ago

Hunkins Corporation has provided the following data concerning last month's operations. Purchases of raw materials $ 33,000 Indi

nalin [4]

Answer:

Cost of goods manufactured $ 159,000

Explanation:

Direct materials:

Beginning raw materials inventory $ 14,000

Add: Purchases of raw materials 33,000

Total raw materials available 47,000

Less: Ending raw materials inventory 20,000

Raw materials used in production 27,000

Less: Indirect materials included in manufacturing overhead 4,000 23,000

Direct labor 58,000

Manufacturing overhead cost applied to work in process 91,000

Total manufacturing costs 172,000

Add: Beginning work in process inventory 57,000

Total 229,000

Less: Ending work in process inventory 70,000

Cost of goods manufactured $ 159,000

Therefore the direct materials cost for the month on the Schedule of Cost of Goods Manufactured is $159,000

8 0

3 years ago