1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DaniilM [7]
3 years ago
13

Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows

: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable selling expense 5,000 Fixed selling expense 4,900 Fixed administrative expense 11,000 Fixed factory overhead is applied based on expected production. Last year, Richmon expected to produce 10,000 units. Assuming that beginning inventory was zero, what is the value of ending inventory under absorption costing? (Note: Round answers to the nearest dollar.) a.$38,000 b.$46,400 c.$10,000 d.$50,000 e.$31,000
Business
1 answer:
Goshia [24]3 years ago
5 0

Answer:

The correct answer is B: $46,400

Explanation:

The difference between absorption and variable costing is that the first one includes fixed manufacturing overhead in the manufacturing cost.

Giving the following information:

Absorption costing:

Direct materials= 30,000

Direct labor= 38,000

Variable factory overhead= 8,000

Fixed factory overhead= 40,000

Total= $116,000

Unitary cost= 116000/10000= $11.6

Ending finished inventory= 4000*11.6= $46,400

You might be interested in
Find the effective interest rate per payment period for an interest rate of 9% compounded monthly for each of the given payment
Temka [501]

Answer:

a. 0.75% per month

b. 2.25% per quarter

c. 4.5% semi- annually

d. 9% yearly

Explanation:

a. Computing the effective interest rate per payment period for the payment schedule which is monthly:

Effective rate (monthly) = Nominal rate (r) / Compounded monthly (m)

where

r is 9%

m is 12

Putting the values above:

= 9% / 12

= 0.75% per month

b. Computing the effective interest rate per payment period for the payment schedule which is quarterly:

Effective rate (quarterly) = Nominal rate (r) / Compounded quarterly (m)

where

r is 9%

m is 4

Putting the values above:

= 9% / 4

= 2.25% per quarter

c. Computing the effective interest rate per payment period for the payment schedule which is semi- annually:

Effective rate (semi- annually) = Nominal rate (r) / Compounded quarterly (m)

where

r is 9%

m is 2 (every 6 months)

Putting the values above:

= 9% / 2

= 4.5% semi- annually

d. Computing the effective interest rate per payment period for the payment schedule which is annually:

Effective rate (annually) = Nominal rate (r) / Compounded yearly (m)

where

r is 9%

m is 1 (end of the year)

Putting the values above:

= 9% / 1

= 9% yearly

3 0
3 years ago
A manufacturer supplies a ______ lease while an independent leasing company provides a ______ lease.
Lynna [10]

A producer supplies an income-type rent at the same time as an independent leasing business enterprise gives an instantaneous.

Unbiased humans have a mind of their very own. it's far due to this exceptional that their ideals and principles are nicely-rooted and can't be easily swayed with the aid of the critiques of others. Any selection they take is primarily based on what they believe and not on the expectations or judgments of society.

It promotes self-belief and in addition to motivation and perseverance in college. It fosters self-reliance, permitting your toddler to feel they've been manipulated over their existence. A girl who supports herself on her own entirely and is proud in order to achieve this could be seen as being impartial. An independent woman is aware of what she feels, says what she actually believes, and lives real to her personal values. She owns her very own power and looks out for herself.

Learn more   about independence here:

brainly.com/question/25223322

#SPJ4

6 0
1 year ago
The ideal, initial step leading to implementation of an effective employee communications program should begin with
Lyrx [107]
<span>Should begin with immediate and effective comments/responses from all employees. There should then be meetings held to discuss the findings and to elaborate on what can be done to begin forming an effective communications program for all employees.</span>
8 0
3 years ago
When using the periodic system the physical inventory count is used to determine Select one: a. both the cost of the goods sold
AlexFokin [52]

Answer:

a. both the cost of the goods sold and the cost of ending inventory.

Explanation:

The physical count is used in the periodic inventory system to calculate the amount of ending inventory. However the cost of goods sold can be derived from using the ending inventory count. Suppose we have ending inventory of 100 units and Purchases were 500 units  Also there were no beginning inventory units so the Cost of goods Sold can be calculated as

Cost of Goods Sold= Beginning Inventory Add Purchases Less Ending Inventory

Cost of Goods Sold=  0 + 500- 100= 400

8 0
3 years ago
Assuming that taxes and net exports are zero, government purchases of goods and services are equal to $12, and gross private dom
levacccp [35]

Answer:

GDP= $22

Explanation:

The groos domestic product (GDP) formula is:

GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)

The problem gives the following information:

G= $12

I=$10

X-M= $0

We do not have information about consumption, then we assume is zero.

GDP= $0+$10+$12+$0

GDP=$22

7 0
3 years ago
Other questions:
  • Andrea's Kitchen is a catering business that operates by means of its own website. Customers order party platters, pastries, and
    9·1 answer
  • Consuela noticed significant growth in the hispanic population in her mid-size town. the local grocery carried mostly traditiona
    11·1 answer
  • John opens a furniture company and decides to specialize in custom furniture for medical professionals. Which economic question
    10·1 answer
  • Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (
    6·1 answer
  • An actor invests some money at 99​%, and 45000 more than four timesfour times the amount at 12%. The total annual interest earne
    5·1 answer
  • Listed below are certain costs or discounts incurred in the purchase or construction of new plant assets.1. Indicate whether the
    6·1 answer
  • In an Argand diagram, the point P represents the complex number z, where z = x + iy. Given that z + 2 = λi(z + 8), where λ is a
    7·1 answer
  • The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemb
    12·1 answer
  • Compare and Contrast Material and Substantive Law
    9·1 answer
  • 20 pts
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!