Answer:
$32.00
Explanation:
Product cost under Absorption costing comprises of all manufacturing costs (variable and fixed). Non manufacturing costs are treated as Period costs
<u>Product Cost Calculation</u>
Direct materials $ 11
Direct labor $5
Variable manufacturing overhead $5
Fixed manufacturing overhead per year ($110,000/ 11,000) $10
Total $31
Conclusion
The unit product cost under absorption costing is closest to $31.00
The required rate of return on the stock of CD will be 10.86%.
<h3>What is rate of return?</h3>
The capital gains made from investment in such asset class(s) over a specific period is the rate of return of such investment. In the above case, the rate of return using the given values will be,
Hence, the required rate of return is calculated as 10.86%.
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Answer:
$1,589 favorable
Explanation:
Calculation to determine what the controllable variance for the month was:
Using this formula
Overhead Controllable Variance =(Budgeted overhead per unit x standard number of units) - Actual overhead expense
Let plug in the formula
Controllable variance=(6,040*$2.10)-$11,095
Controllable variance=$12,684-$11,095
Controllable variance=$1,589 favorable
Therefore the controllable variance for the month was:$1,589 favorable
Answer:
D. All of the above.
Explanation:
D. All of the above.
Because
A. the regulatory body keeps a check and maintains a balance in setting the standards for the proper functioning of the organization . If it does not use the financial statements how would it know about the proper working or the rules followed or the errors / flaws/ mishandling of the companies. So it uses financial statements.
B. Investors and Creditors
Investors and Creditors usually invest or get services rendered so their prefer using the financial statement for better understanding and their obligations, limitations and consultations.
C. Individuals such as accountants , employees, etc may also use financial statements for their better understanding and daily tasks or performances and follow the same set of standards . . For example if the company uses matching principle the new accountant hired must also use matching principle.
Answer:
The correct answer is option b.
Explanation:
Mexico is a poor country, 9% of its total population live in extreme poverty. While 33% live in moderate poverty. This means 42% of the population lives below the national poverty line.
In the last year, the economic growth rate of Mexico was greater than Canada but less than USA.
The growth rate over the past century was lesser than US.