Answer:
Cost per unit under variable costing $
Direct material 110
Direct labour 150
Variable manufacturing overhead <u> 75 </u>
Cost per unit <u>335 </u>
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Cost per unit under absorption costing $
Direct material 110
Direct labour 150
Variable manufacturing overhead 75
Fixed manufacturing overhead ($2,700,000/90,000) <u>30</u>
Cost per unit <u>365</u>
Explanation:
In variable costing, cost per unit is calculated by the addition of all variable costs while in absorption costing, fixed manufacturing overhead application rate is added to the variable costs in order to obtain the cost per unit.
Answer:
Option "C" is the correct answer to the following situation.
Explanation:
Bounded rationality is the concept that we make informed decisions but within the constraints of the information available to each other and our intellectual capacity.
Bounded rationality is the belief that the wisdom of people in decision-making is restricted by the knowledge they have, the logical capacities in their brains and the small number of hours they need to make a decision.
Therefore, option "C" is correct answer
Answer:
$15.17
Explanation:
Given that;
Beginning book value = $4,050,000
Net income = $450,000
Dividends = $100,000
Ending book value = Beginning book value + Net income - Dividends
Ending book value = $4,050,000 + $450,000 - $100,000
Ending book value = $4,400,000
Book value per share = Ending book value / Number of shares
Book value per share = $4,400,000 / 290,000
Book value per share = $15.17
Because banks hold reserves in amounts that are less than the amounts of their deposit liabilities, and because the deposit liabilities are considered money in their own right, fractional-reserve banking permits the money supply to grow beyond the amount of the underlying base money.
