1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NARA [144]
2 years ago
8

Vital Industries manufactured​ 2,400 units of its product Huge in the month of April. It incurred a total cost of​ $132,000 duri

ng the month. Out of this​ $132,000, $45,700 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. Vital had no opening or closing inventory. What will be the total cost per unit of the​ product, assuming conversion costs contained​ $10,000 of indirect​ labor?
Business
1 answer:
Lera25 [3.4K]2 years ago
8 0

Answer:

$55 per unit

Explanation:

The computation of the  total cost per unit of the​ product is shown below:

= Total cost incurred ÷ number of units manufactured

= $132,000 ÷ 2,400 units

= $55 per unit

BY dividing the total cost incurred with the number of units manufactured we can get the total cost per unit

All other information i.e shown is not relevant. Hence, ignored it

You might be interested in
Brooks Foundry in Charleston, South Carolina​, uses a predetermined manufacturing overhead rate to allocate overhead to individu
VMariaS [17]

Answer:

Brooks Foundry

1. Predetermined manufacturing overhead rate

= $8

2. Allocated manufacturing overhead = Overhead rate multiplied by actual machine hours

= $8 * 54,500

= $436,000

3. Manufacturing overhead incurred during the year = $517,500

Manufacturing overhead is underallocated at the end of the year.

The underallocation = $81,500 ($517,500 - 436,000)

4. The jobs were undercosted by $81,500.

Explanation:

a) Data and Calculations:

Estimated costs:

Manufacturing overhead = $650,000

Direct labor cost = $1,300,000

Machine hours = 81,250

Actual costs:

Direct labor cost                    $1,190,000

Overhead costs:

Depreciation on manufacturing

plant and equipment             $485,000

Property taxes on plant            $21,500

Plant janitors' wages                 $11,000

Total actual overhead costs  $517,500

Machine hours 54,500 hours

b) Selling Expenses:

Sales salaries                $26,000

Delivery drivers' wages $14,500

Total                              $40,500

c) Computation of the predetermined manufacturing overhead rate:

Predetermined overhead rate = estimated manufacturing overhead costs divided by estimated machine hours

=  $650,000/81,250

= $8

4 0
2 years ago
Alan works as a news anchor for a television network. In addition to his regular pay, at the end of each year, his company pays
nikdorinn [45]

Answer:

Benefit

Explanation:

Benefit is extra payment that an employee collects from an employer. It is paid in addition to the normal compensation that a person receives and serves as a way to improve their welfare and to motivate them to perform better.

Usually benefits are not performance based payment but based on membership of an organisation. They are usually paid seperate from normal compensation.

In this case Alan's company pays him and his co-workers additional compensation as a "thank you" for good work. This is a benefit.

5 0
2 years ago
Read 2 more answers
Qtr5g66677<br> Math problem
Aleonysh [2.5K]

Answer:

The dot over a number signifies that it is a repeater which would go on for ever, as when we endeavor to describe 1/3 decimally as 0.33333 . . . . (etc)

With a series of numbers we place the dot over the first and last, as with 0.97979797979 . . . (etc)

The remarkable feature being that a proper fraction divided by 9s e.g. 46/99 is exactly equal to the numerator with the repeater sign followed by the decimal.

4 0
3 years ago
If butter and margarine are substitute goods, an increase in the price of butter is most likely to cause:
Ad libitum [116K]

Answer:

a

Explanation:

people will want more margarine

5 0
3 years ago
Which of the following statements about goods is FALSE? Question 1 options:
anyanavicka [17]

Answer:

C) Goods-producing firms focus on the flow of people, information, and services.

Explanation:

Goods-producing firms not necessarily needs to focus on the flow of people, information, and services, what is true is that firms use physical inventory because it's necessary to have available products to sale.

The facilities must be located close to raw material, suppliers, and labores if not the company will see the cost of sale increased by logistic costs.

Also it's important to have employees with strong technical and production skills so the company can get well products at the production line.

8 0
3 years ago
Other questions:
  • Jasper Company has a defined benefit pension plan. Effective at the beginning of the current year, the company retroactively ame
    8·1 answer
  • Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw
    12·1 answer
  • A child whose therapist asks him to draw pictures about his life and then introduces games and stories to help the child work th
    13·1 answer
  • A 25-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%. a. Find the bond equivale
    8·1 answer
  • Rick is planning to invest the following amounts at 7 percent: $254 at the end of year 1, $412 at the end of year 2, and $1,230
    8·1 answer
  • Thomas &amp; Cooke Corporation has the following sales forecasts for the first three months of the current year: Month Sales Jan
    12·1 answer
  • Thompson Corporation gathered the following reconciling information in preparing its October bank reconciliation: Cash balance p
    5·1 answer
  • In the decision-making process, you must take into account several cultural variables. Describe one of the variables associated
    10·1 answer
  • Daryl has just patented a new technological medical device designed to help individuals with disabilities navigate their homes s
    14·1 answer
  • Define common stock.​
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!