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jasenka [17]
3 years ago
15

Direct materials are $15 per unit; direct labor is $7 per unit and variable overhead costs are $2 per unit. If total product cos

ts are $27, what are fixed costs per unit
Business
1 answer:
LenaWriter [7]3 years ago
7 0

Answer:

the Fixed cost per unit is $3

Explanation:

The computation of the fixed cost per unit is shown below:

Total cost per unit = Direct Material cost per unit + Direct labor cost per unit + variable Overhead cost per unit + Fixed cost per unit

$27 = $15 + $7 + $2 + Fixed cost per unit

$27 = $24 + Fixed cost per unit

So,

Fixed cost per unit is

= $27 - $24

= $3

hence, the Fixed cost per unit is $3

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A company that makes and sells railway cars looking for a representative and I know this because it is the best fit for his skills
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3 years ago
Read 2 more answers
The following bond investment transactions were completed during 2016 by Starks Company:
saw5 [17]

Answer:

31st Jan 2016

Dr Bond Receivable        75,000

Dr Interest Receivable    375

Cr Cash                            75,375

(to record the bond purchase)

* working note: Bond proceed = 75 x 1,000 = 75,000; Interest receivable = 75,000 x 6% x 30/360 = 375)

1st Jul 2016

Dr Cash                             2,250

Cr Interest Income           1,875

Cr Interest Receivable     375

(to record interest receipt on bonds holding, in which 5 months of it ( 75,000 x 6% x 5/12 is recorded as Income, the other one is recorded as collection of Income earned by the bond's seller)

29th Aug 2016

Dr Cash                                          34,650

Dr Loss on bond Investment        700

Cr Interest income                        350

 Cr Bond Receivable                    35,000

( to record the Sold 35, $1,000 bonds at 98% plus $350 accrued interest = 35,000 x 98% + 350 = 34,650)

31st Dec 2016

Dr Interest Receivable                1,200

Cr Interest Income                      1,200

( to record the interest earned on 40,000 bonds outstanding)

Explanation:

6 0
3 years ago
Regarding the Production Possibilities Curve, a decrease in the unemployment rate will most likely
PolarNik [594]

Regarding the Production Possibilities Curve, a decrease in the unemployment rate will most likely move us from a point inside the PPC to a point closer to the PPC.

Option B;

<u>Explanation: </u>

The curvature of production options measures the maximum capacity of two items by means of a specified input amount. There was a misunderstanding. Each item on the curve indicates how much every good is generated when assets change from one good to another. The curve tests the difference between one positive and another.

As somewhat of a movement within the Curve of production opportunities it may be decreased to a point nearer to the Curve of production opportunities as an inside point .

4 0
3 years ago
A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000;
777dan777 [17]

Answer:

  • <u>63,700</u>

Explanation:

Sales:                                                 850,000

Variable Cost: (850,000*60%) =      <u>510,000</u>

Contribution Margin = 850k-510k= <em>340,000</em>

Fixed cost =                                       174,000

Depreciation =                                    <u>75,000</u>

Earnings Before Taxes =                    <em>91,000</em>

Taxes (30%) =                                    <u>  (27,300)</u>

<h3>Net Income                                 <u>63,700</u></h3>

3 0
2 years ago
You have the following information for Waterway Industries for the month ended October 31, 2022. Waterway uses a periodic method
Sidana [21]

Answer:

Waterway Industries

A) The weighted-average cost is $28.527

B) Ending Inventory, cost of goods sold, gross profit:

                                     (1) LIFO          (2) FIFO          (3) Average-cost

Ending Inventory:          $2,660           $3,060               $2,853

Cost of goods sold:      $7,895            $7,495               $7,702

Gross profit:                  $3,780            $4,180               $3,973

Explanation:

a) Data and Calculations:

Date        Description              Units   Unit Cost Selling Price Total

Oct. 1      Beginning inventory   70        $26                            $1,820

Oct. 9     Purchase                   125          28                              3,500

Oct. 11     Sale                           (95)                         40                         $3,800

Oct. 17    Purchase                    95          29                             2,755

Oct. 22   Sale                           (70)                         45                            3,150

Oct. 25   Purchase                   80           31                             2,480

Oct. 29   Sale                         (105)                         45                           4,725

Oct. 31   Ending inventory      100    

Total: Goods available           370                                       $10,555

         Goods sold                  270                                                        $11,675

Weighted-average cost = Cost of goods available/Units available

= $10,555/370 = $28.527 per unit

Periodic method:

LIFO:

Ending inventory:

Oct. 1      Beginning inventory   70        $26  $1,820

Oct. 9     Purchase                     30          28       840

Total Ending inventory =          100               $2,660

Cost of goods sold = Cost of goods available - Ending inventory

= $10,555 - $2,660 = $7,895

Sales Revenue         $11,675

Cost of goods sold     7,895

Gross profit               $3,780

FIFO:

Ending inventory:

Oct. 17    Purchase                    20          29       $580

Oct. 25   Purchase                   80           31       2,480

Total Ending inventory =        100                   $3,060

Cost of goods sold = Cost of goods available - Ending inventory

= $10,555 - $3,060 = $7,495

Sales Revenue         $11,675

Cost of goods sold     7,495

Gross profit               $4,180

Average-cost:

Ending Inventory = $2,853 ($28.527 * 100)

Cost of goods sold = Cost of goods available - Ending inventory

= $10,555 - $2,853 = $7,702

Sales Revenue         $11,675

Cost of goods sold     7,702

Gross profit               $3,973

7 0
2 years ago
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