Which of the following statements are false?

Donovan Company incurred the following costs while producing 500 units: Direct Materials, $10 per unit; Direct Labor, $25 per un

Natali5045456 [20]

Answer:

Net operating income= 15,000

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>

Sales= 500*100= 50,000

COGS= (10 + 25 + 15)*500 + 10,000= (35,000)

Gross profit= 25,000

Total selling and administrative costs= (5*500) + 7,500= (10,000)

Net operating income= 15,000

8 0

3 years ago

You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of prob

EastWind [94]

Pure Project!! i might be wrong :)

3 0

3 years ago

Currently, Bruner Inc.'s bonds sell for $1,250. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par value,

elena-14-01-66 [18.8K]

Answer:

2.11%

YTM 0.089142162

YTC 0.068070103

Difference: 0.021072059 = 0.0211 = 2.11%

Explanation:

To calculate each rate we must solve for a rate at which the future coupon payment and maturity (or call value) equals the market price:

This is solve for excel and goal seek tool

It could also be solve with a financial calculator

YTC:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon payment: $ 120

time 5 yeaars

rate 0.068070103 (solved with excel)

$120 \times \frac{1-(1+0.0680701028057608)^{-5} }{0.0680701028057608} = PV\\$

PV $494.5766

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity: $ 1,050 (call price)

time 5.00

rate 0.068070103

$\frac{1050}{(1 + 0.0680701028057608)^{5} } = PV$

PV 755.42

PV c $494.5766

PV m $755.4235

Total $1,250.0002

YTM:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Cuopon payment: $ 120

time 15 years

rate 0.089142162 (solved with excel)

$120 \times \frac{1-(1+0.0891421622982136)^{-15} }{0.0891421622982136} = PV\\$

PV $972.2006

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $ 1,000.00

time 15 years

rate 0.089142162 (solved with excel)

$\frac{1000}{(1 + 0.0891421622982136)^{15} } = PV$

PV 277.80

PV c $972.2006

PV m $277.7995

Total $1,250.0001

6 0

3 years ago

Which type of store has high sales volume, little service, and prices 20-40 percent lower than supermarkets?

enot [183]

Gas stations. That would be that.

6 0

3 years ago

As the basis for the first section of your lab report. This section provides your reader with background information about why y

docker41 [41]

Answer:

Explanation:

This organism may be identified by its color, the spines on its back, the antennae, and therefore the long, thin body. There are many other characteristics that might even be wont to identify this organism.

7 0

3 years ago