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fenix001 [56]
3 years ago
6

Swifty Company incurred the following costs during the year: direct materials $24.40 per unit; direct labor $13.10 per unit; var

iable manufacturing overhead $16.00 per unit; variable selling and administrative costs $11.00 per unit; fixed manufacturing overhead $132,000; and fixed selling and administrative costs $12,000. Swifty produced 6,600 units and sold 6000 units.
Determine the manufacturing cost per unit under
(a) absorption costing and
(b) variable costing. (Round answers to 2 decimal places, e.g. 52.75.)
Business
1 answer:
DerKrebs [107]3 years ago
4 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Swifty Company incurred the following costs during the year: Direct materials $24.40 per unit

Direct labor $13.10 per unit

Variable manufacturing overhead $16.00 per unit

Variable selling and administrative costs $11.00 per unit

Fixed manufacturing overhead $132,000

Fixed selling and administrative costs $12,000.

Swifty produced 6,600 units and sold 6000 units.

A) Absorption costing= direct material + direct labor + variable overhead + fixed overhead

Absorption costing= 24.4 + 13.1 + 16 + (132,000/6,600)= $73.5

B) Variable costing= direct material + direct labor + variable overhead + Variable selling and administrative costs

Variable costing= 24.4 + 13.1 + 16 + 11= $64.5

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Explanation:

When firms expand into international markets, it is a standard practice to partner with a local company that already has expertise in the market to enable an easier transition.

This creates a problem however because in partnering with the company, the competitive advantage that the company holds could be at risk. This is even more so if the competitive advantage is based on proprietary technology and by entering into a partnership and giving another company access to that technology, there is a risk that control could be lost.

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3 years ago
I need help with this question Ill mark brainliest
Dovator [93]
Gross monthly income:$1,125
Monthly Federal income tax (11.6%): $130.50
Monthly Social security (FICA) (6.2%): $69.75
Monthly Medicare (1.45%): $16.3125
Monthly State Tax (4%): $45
Monthly Local Tax (0.1%): $1.125
Total Monthly deductions $262.6875
Trey’s NMI $862.3125
Explanation:
Calculation for What is his monthly taxes
First step is to calculate the Gross monthly income
Using this formula
Gross monthly income=Annual salary/Numbers of months in a year
Let plug in the formula
Gross monthly income=$13,500/12 months
Gross monthly income=$1,125
Therefore the Gross monthly income is :$1,125
Monthly Federal income tax (11.6%): $130.50
($1,125*11.6%)
Monthly Social security (FICA) (6.2%): $69.75
($1,125*6.2%)
Monthly Medicare (1.45%): $16.3125
($1,125*1.45%)
Monthly State Tax (4%): $45
($1,125*4%)
Monthly Local Tax (0.1%): $1.125
($1,125*0.1%)
Total Monthly deductions $262.6875
($130.50+$69.75+$16.3125+$45+$1.125)
Trey’s NMI $862.3125
Trey’s NMI=Gross monthly income-Total Monthly deductions
Trey’s NMI=$1,125-$262.6875
Trey’s NMI=$862.3125
Therefore his monthly taxes are:
Gross monthly income:$1,125
Monthly Federal income tax (11.6%): $130.50
Monthly Social security (FICA) (6.2%): $69.75
Monthly Medicare (1.45%): $16.3125
Monthly State Tax (4%): $45
Monthly Local Tax (0.1%): $1.125
Total Monthly deductions $262.6875
Trey’s NMI $862.3125
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