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Tju [1.3M]
2 years ago
13

Leonard, inc., which uses a volume-based cost system, produces cat condos that sell for $126 each. direct materials cost $10 per

unit, and direct labor costs $23 per unit. manufacturing overhead is applied at a rate of 175% of direct labor cost. nonmanufacturing costs are $22 per unit. what is the gross profit per unit for the cat condos? (round your answer nearest whole dollar.)
Business
1 answer:
Juli2301 [7.4K]2 years ago
3 0

The gross profit is $146.75

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Answer:

Dividends are fixed. ⇒ Consistent with Debt

Fixed dividends makes preferred shares consistent with debt because debt repayments are made in equal payments as well.

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Cost of preferred stock.

Preferred stock is like a perpetuity. The cost of preferred stock is therefore:

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The answer is C. cyclical unemployment rate is 4 percent.

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3 years ago
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<u></u>

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