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Bingel [31]
3 years ago
11

Schwiesow Corporation has provided the following information:_________. Cost per Unit Cost per PeriodDirect materials $ 7.05 Dir

ect labor $ 3.50 Variable manufacturing overhead $ 1.65 Fixed manufacturing overhead $ 11,000Sales commissions $ 1.00 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 5,500For financial reporting purposes, the total amount of product costs incurred to make 5,000 units is closest to:A. $72,000B. $61,000C. $11,000D. $77,000
Business
1 answer:
frozen [14]3 years ago
3 0

Answer:

Total product cost= $72,000

Explanation:

Giving the following information:

Direct materials $7.05

Direct labor $3.50

Variable manufacturing overhead $1.65

Total unitary variable cost= $12.2

Fixed manufacturing overhead $11,000

<u>The product costs are the sum of direct material, direct labor, and total manufacturing overhead:</u>

Total product cost= 5,000*12.2 + 11,000

Total product cost= $72,000

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Do you have some material otherwise known as you resource at home including Poster board construction paper markers and colored
aliya0001 [1]

Answer: c. use your resources to make cards instead

Explanation:

You had the choice between making banners and making cards. You chose making banners because you thought you stood a better chance of earning returns here.

It did not work out however and returns have not been made in 4 days. It would therefore make sense to go back to the other alternative you had so that you could see if that one works so this incentive will most likely cause you to use your resources to make cards instead.

5 0
4 years ago
For each of the following service departments, select the activity base listed that is most appropriate for charging service exp
andrew-mc [135]

Answer:

Explanation:

A. Accounts Receivable - Number of sales invoices

B. Central Purchasing - Number of purchase requisitions

C. Computer Support - Number of computers

D. Conferences - Number of conference attendees

E. Employee Travel - Number of travel claims

F. Payroll Accounting - Number of payroll checks

G. Telecommunications - Number of cell phone minutes used

H. Training - Number of employees trained.

8 0
4 years ago
With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) E
hichkok12 [17]
<h2>Estimated losses on the overall contract are recognized before the contract is completed. </h2>

Explanation:

Revenue recognition cannot be done prior to the completion of contract.

But the asset can be created. Only after the contract gets completed the revenue recognition can be realized.

For a long-term project, the revenue can be recognized based on the percentage of completion.

Revenue recognition keeps financial transactions aligned.

Option A: valid

Option B Invalid, because expenses are also recognized

Option C: This process is acceptable.

Option D: Gains and profits are calculated in this type of method

8 0
4 years ago
What is the MOST LIKELY reason for increase in the pricce of a specific stock?
eimsori [14]

Answer:

The item becomes too popular and starts to run out.

3 0
3 years ago
Read 2 more answers
Celine Co. will need €500,000 in 90 days to pay for German imports. Today's 90-day forward rate of the euro is $1.07. There is a
harkovskaia [24]

Answer:

$1,000

Explanation:

The computation of the expected value of the real cost of hedging payable is shown below:-

Real cost of hedging 1 = (€500,000 × $1.07 × (90 ÷ 360)) - (€500,000 × $1.02 × (90 ÷ 360))  

= $133,750 - $127,500

= $6,250

Real cost of hedging 2 = (€500,000 × $1.07 × (90 ÷ 360)) - (€500,000 × $1.09 × (90 ÷ 360))

= $133,750 - $136,250

= -$2,500

Expected value of the real cost of hedging payable = (Real cost of hedging 1 × Spot rate Given Percentage) + (Real cost of hedging 2 × Given percentage)

= ($6,250 × 0.40) + (-$2,500 × 0.60)

= $2,500 - $1,500

= $1,000

7 0
3 years ago
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