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Mrrafil [7]
3 years ago
11

Loring Company incurred the following costs last year:

Business
1 answer:
seropon [69]3 years ago
7 0

Answer and Explanation:

1. The classification of each cost using the table provided i.e shown in the attachment is presented on the spreadsheet. Kindly find it below

2. Total product cost is

= Direct materials + Direct labor + Manufacturing overhead

= $216,000 + $120,000 + $147,300

= $483,300

The product cost includes direct material, direct labor and manufacturing overhead cost

3. Total period cost is

= Selling expenses + Administrative expenses

= $129,000 + $215,000

= $344,000

The period cost includes all selling and admin expenses

4. The total unit product cost is

= Total product cost ÷ Number of units produced

= $483,300 ÷ 30,000 units

= $16.11 per unit

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A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares
Norma-Jean [14]

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

3 0
2 years ago
If the ratio for unit cost to sales price for a product is 1:4, how much would the selling price be for a product if it has a un
Mkey [24]
Ratio and proportion is a useful method in determining a value using a known constant in ratio form. In this case, the ratio of cost to price is always 1/4. Hence, the solution goes as follows:

1/4 = 33.85/price
Price = 33.85*4
Price= $135.4 
6 0
3 years ago
Which shortcut can you use to rename a worksheet.
nadezda [96]
I don’t understand this question
5 0
3 years ago
Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
zmey [24]

Answer:

It distorts relative prices, causing a misallocation of resources.

Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.

It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.

8 0
3 years ago
What elements of the marketplace in which megatech operates led the firm to believe that project management would improve its op
Mariana [72]

   International competitors suddenly appear in greater numbers as a result of the mentioned changes in trade agreements, Megatech now needs to contend with more and new competitors.

<h3>In terms of the marketplace there are three primary types of companies?</h3>

There are three main categories of businesses in the market

international businesses, multinational businesses, and transnational businesses.

International businesses only import and export; they do not have any investments abroad.

        Although multinational corporations have offices or facilities in several different nations, each one operates independently, basically as a separate legal entity.

Organizationally, multinational corporations are far more complex. It is a commercial enterprise that runs big facilities, conducts business internationally, and does not identify with any particular nation as its national home. A multinational company's ability to maintain a higher level of responsiveness to the local market is one of its key advantages.

To know more about Marketplace, visit

brainly.com/question/14887488

#SPJ4

3 0
1 year ago
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