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sasho [114]
3 years ago
10

During the first year of operations, Forrest Company paid $30,000 for direct materials and $50,000 in wages for production worke

rs. Lease payments, utility costs, and depreciation on factory equipment totaled $15,000. General, selling, and administrative expenses were $20,000. The average cost to produce one unit was $2.50. How many units were produced during the period?
Business
1 answer:
ANTONII [103]3 years ago
6 0

Answer:

40000 units were produced during the period

Explanation:

Depreciation and amortization are not included in the cost of goods sold and are expensed as separate line items on the income statement.

To calculate the total cost of units we need to sum:

$30,000 for direct materials

$50,000 in wages for production workers

$20,000 selling and administrative expenses

Total cost= $100000

Cost per unit= Total cost/Qunits

Q=Total cost/cost per unit

Q=100000/2,5=40000units

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A corporate dissolution: a. cannot result from an agreement. b. results when a corporation does not hold an annual meeting. c. c
kogti [31]

Answer:

The correct answer is (C)

Explanation:

Corporate dissolution is a termination of cooperation that results after a complete consent of the board of directors.  Likewise, a corporate dissolution is a serious step that can begin with a board resolution. If the board of directors are on one page then it becomes easier to dissolve cooperation. It can only be done by a vote to approve the resolution by the board of directors and shareholders.

7 0
3 years ago
Other variable costs per unit subtracted from total cogs per unit equals ________ per unit. contribution margin operating margin
Anastasy [175]

Other variable costs per unit subtracted from total COGS per unit equals contribution margin per unit.

Variable costs are expenses that vary in relation to production output or sales.

Variable costs play an important role in determining a product's contribution margin, which is used to calculate a company's break-even or target profit level.

Variable costs are a direct input in the calculation of contribution margin, which is the number of proceeds collected after deducting variable costs from sale proceeds.

Every dollar of contribution margin goes directly toward covering fixed costs; once all fixed costs are covered, every dollar of contribution margin goes toward profit.

As a result, variable costs are a necessary item for businesses attempting to determine their break-even point.

Hence, contribution margin per unit is the answer.

Learn more about contribution margin:

brainly.com/question/17030629

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6 0
1 year ago
Lowe's is the second-largest home improvement retailer in the world, with 2,002 stores. During its fiscal year ended in February
34kurt

The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:

Transaction        Assets                       =   Liabilities   +   Equity

Purchases          $0       +   $49,569    =   $49,569     +    $0

                          Inventory                         Accounts Payable

The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.

Data Analysis:

Merchandise Inventory $49,569 Accounts Payable $49,569

Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.

Related question on the financial statement effects at brainly.com/question/16362041

4 0
3 years ago
Martin is offered an investment where for $4000 today, he will receive $4240 in one year. He decides to borrow $4000 from the ba
Mnenie [13.5K]

Answer:

The maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment is A) 6%

Explanation:

Martin is offered an investment where for $4000 today, he will receive $4240 in one year. The interest rate of the investment = ($4,240-$4,000)/$4,000x100% = 6%

The maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment should equal the interest rate of the investment: 6%

8 0
3 years ago
_____ can be used as collateral for up to 95 percent of the policy's cash value.
Novay_Z [31]
The answer is “insurance policies”
5 0
3 years ago
Read 2 more answers
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