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butalik [34]
3 years ago
9

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

tions: Selling price $ 145 Units in beginning inventory 0 Units produced 2,440 Units sold 2,280 Units in ending inventory 160 Variable costs per unit: Direct materials $ 49 Direct labor $ 17 Variable manufacturing overhead $ 17 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 85,400 Fixed selling and administrative expense $ 22,800 The total gross margin for the month under absorption costing is:
Business
1 answer:
solong [7]3 years ago
8 0

Answer:

Results are below.

Explanation:

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

<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>

Unitary fixed overhead= 85,400/2,440= $35

<u>Absorption costing income statement:</u>

Sales= 2,280*145= 330,600

COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)

Gross profit= 61,560

Total selling and administrative= 22,800 + (2,280*10)= (45,600)

Net income= 15,960

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Explanation:

The  computation is shown below:

1. Average operating assets is

= (Opening operating assets + closing operating assets) ÷ 2

where,

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And, the closing operating assets is

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So, average operating assets is

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2.

Margin = Net operating income ÷ Sales

= $405,000 ÷ $4,050,000

= 0.1 or 10%

Turnover is

= Sales ÷ Average operating assets

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= 2.5

Return on Investment = Margin ×Turnover

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3 0
3 years ago
Spielberg Inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. Comp
GaryK [48]

Answer:

$100,890

Explanation:

To determine the value of the debt we must calculate the present value of the note:

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Answer:

The correct answer is option D.

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An ethical dilemma can be defined as a situation in the decision-making process in which whatever decision is chosen some ethical principle is being compromised.  

Out of two moral choices, neither one is unambiguously preferable or acceptable. The situation becomes complex as choosing one alternative will lead to transgression of another.

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A business function, like accounting and human resources, which moves information about people, products, and processes across t
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Answer:

The correct answer is "management information systems"

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Generally speaking there are no time limit rules in the U.S. Senate?
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