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3 years ago

Which of the following people is functioning as a producer?

Business

1 answer:

Natalija [7]3 years ago

3 0

Answer:

D. Simon, who is baking a cake that will be sold in a bakery

Explanation:

Simon is the producer here because he is producing a product to sell on the market.

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A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production

umka21 [38]

Answer:

d.$18,900

Explanation:

Gross Profit is the net of Sales value and production cost in the period for the units sold. Under absorption costing all the direct and indirect costs incurred in the production of products are included in the total production cost. As the cost is available for 100 units produced we need to calculate the cost of 90 unit and deduct this cost from the sales value to determine the gross profit and then deduct the operating expenses to calculate the operating income.

Sales (90 units) $90,000

Less: Production costs:

Direct materials ( $40,000 x 90/100 ) $36,000

Direct labor ( 20,000 x 90/100 ) $18,000

Variable factory overhead ( 2,000 x 90/100 ) $1,800

Fixed factory overhead ( 7,000 x 90/100 ) $6,300

Total Production cost ($62,100)

Gross Profit $27,900

Less Operating expenses:

Variable operating expenses $8,000

Fixed operating expenses $1,000

($9,000)

Operating Income $18,900

6 0

3 years ago

Big Sky Sports sells hunting and fishing equipment and provides guided hunting and fishing trips. Big Sky Sports is owned and op

stiv31 [10]

Answer:

(a)

1. Kalispell State Bank

2. Glacier Boutique

3. Big Sky Sports

4. Kalispell State Bank

5. Big Sky Sports

6. Big Sky Sports

7. None of the above

8. Glacier Boutique

9. None of the above

10. Big Sky Sports

(b) Business transactions refers to the transactions that are related to only business, such as purchase of land, machinery, goods for business purposes. Any type of personal transaction is not included in business transaction.

6 0

2 years ago

Which of these may be integrated with an electronic stability control (ESC) system

gulaghasi [49]

Answer:

ESC also integrates all-speed traction control, which senses drive-wheel slip under acceleration and individually brakes the slipping wheel or wheels, and/or reduces excess engine power, until control is regained.

Explanation:

(you never said the answer choices)

8 0

2 years ago

Which will you likely have to provide on college applications?

77julia77 [94]

Personal information :)

7 0

3 years ago

The Rowe Corporation uses a standard cost system. The company applies manufacturing overhead to units of product based on machin

Viefleur [7K]

Answer:

Allocated overhead= $216,000

Explanation:

Giving the following information:

Estimated overhead= $225,000

Estimated machine-hours= 25,000

At standard, each unit of finished product requires 3 machine-hours. Units of product completed 8,000 units

To allocate overhead, we need to use the standard number of machine-hours that would take to produce 8,000 units.

First, we need to determine the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 225,000/25,000= &9 per machine hour

Now, we can allocate overhead:

Allocated overhead= 9*(8,000*3)= $216,000

7 0

3 years ago