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Dmitry_Shevchenko [17]
3 years ago
5

During its first year of operations, Forrest Company paid $44,760 for direct materials and $50,600 in wages for production worke

rs. Lease payments, utility costs, and depreciation on factory equipment totaled $14,400. General, selling, and administrative expenses were $20,600. The average cost to produce one unit was $5.60. How many units were produced during the period
Business
1 answer:
lilavasa [31]3 years ago
6 0

Answer:

19,600 units

Explanation:

The computation of the number of units produced is shown below:

But before that we need to do the following calculations

The total cost of production is

= Direct materials + Wages  + Depreciation

= $44,760 + $50,600 + $14,00

= $107,960

And, the average cost to generate one unit is $5.60

So, the number of units produced is

= Total cost ÷ average cost per unit

= $107,960 ÷ $5.60

= 19,600 units

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Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. In addition to their salaries,
Fiesta28 [93]

Answer:

Since we are not given any specific year, I will use the 2020 tax schedule:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $70,400 + $14,400 + $1,300 = $86,100

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

<u>contribution to IRA = ($3,300)</u>

Marc and Michelle's taxable income = $58,400

Marc and Michelle's tax liability = $1,975 + [12% x ($58,400 - $19,750)] = $6,613

Alimony payments are not longer tax deductible and interests on municipal bonds is not taxable.

Since their income tax withholdings exceed their tax liability, they should get a refund for $6,665 - $6,613 = $52

Also, since they are allowed a $2,000 child tax credit, but they do not owe any more taxes, they are entitled to a $1,400 refund.

Total refund for 2020 = $1,452.

5 0
3 years ago
The president and founder of a high-tech start-up firm contacted the vice president of HR at the company because she wanted to b
PolarNik [594]

Answer: c. Uniform Guidelines on Employee Selection Procedures

Explanation:

The Uniform Guidelines on Employee Selection Procedures is like a one stop for the knowledge the President of the company seeks. Adopted after Congress passed the Civil Rights Act of 1964, it provides assistance to employers, labor organizations, employment agencies, and licensing and certification boards to comply with requirements of Federal law.

They also apply to all selection procedures used to make employment decisions from interviews to evaluation of performance.

It's a very insightful read really.

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3 years ago
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What is approximate debt of the United States right now
Olenka [21]

Answer:

$27 trillion.

Explanation:

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When manufacturing overhead costs are assigned to production in a process cost system, it means that
Colt1911 [192]

Answer:

<em>When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.</em>

Explanation:

When manufacturing overhead costs are assigned to production in a process cost system, it means that the business uses absorption costing system.

Absorption costing system is that where units of products and inventories are valued using full cost. Full cost implies that each product would be charged for an amount of the<em> fixed production overhead </em>in addition to the variable cost.

The fixed overhead is charged using a predetermined overhead absorption rate.

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Ace Deliveries, a courier service provider, built a strong reputation over a short period of six months. Inundated with customer
marysya [2.9K]

Answer:

both revenue-oriented and operations-oriented

Explanation:

revenue-oriented pricing can be understood the strategic price level that the producers set to maximize the amount of profit they earn. As it can be seen from the given passage, the company starts noticing more about the earnings, so that they decided to cut down on the discount offering to the customers and set higher price. By that, it can help raise the revenue of the company.

Meanwhile,  operations-oriented pricing is price strategy that the company adopts to optimize productive capacity as well as the efficiency of the manufacturing procedure. This is indicated in the actions of expanding fleet of vans and enlarge delivery networks of the company to raise the productivity.

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