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Inessa05 [86]
2 years ago
14

Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direc

t labor 3,000 Manufacturing overhead 2,000 Selling expense 8,000 Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. Direct materials Product cost Direct labor Product cost Manufacturing overhead Product cost Selling expense Period cost 2. What is the total product cost for last month? $ 4,000 3. What is the unit product cost for last month? $ per unit
Business
1 answer:
Sav [38]2 years ago
5 0

Answer and Explanation:

1. The classification of estimated manufacturing overhead is shown below:-

Direct materials =  Product cost

Direct labor = Product cost

Manufacturing overhead = Product cost

Selling expense = Period cost

2. The computation of total product cost for last month is shown below:-

= Direct materials + direct labors + manufacturing overhead

= $7,000 + $3,000 + $2,000

= $12,000

3. And, the unit product cost is

= Total product cost ÷ number of units

= $12,000 ÷ 4,000 units

= $3 per unit

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your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. the stock has appreciated 14.6 percent per y
maw [93]

Based on the information the current value of those 200 shares is $40,023.03.

Using this formula

Future value=Principal(1+rate)^Time

Where:

Principal=$7,800

Rate=14.6% or .145

Time =12 years

Let plug in the formula

Future value=$7,800 × (1 + .146)^12

Future value=$7,800×(1.146)^12

Future value=$7,800×5.131159

Future value= $40,023.03

Inconclusion the current value of those 200 shares is $40,023.03.

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brainly.com/question/24131921

4 0
2 years ago
Using the following information: (a) The bank statement balance is $3,471. (b) The cash account balance is $3,844. (c) Outstandi
OleMash [197]

Explanation:

The preparation of the bank reconciliation statement is presented below:

                                          Miller Co.

                    Bank reconciliation statement  

                                         August 31  

Particulars                    Amount            Particulars                          Amount  

Bank cash balance      $3,471            Company cash balance       $3,844

Deposits in transit       $824               Less: Error                        $9  

                                                                                              ($43 - $34)

Less: Outstanding                               Less: service fee                 -$90          

Check                         -$550

Bank balance                                      Company balance

After reconciliation   $3,745              After reconciliation $            $3,745

3 0
3 years ago
Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers who purchase its doll
Finger [1]

Answer and Explanation:

The computation is shown below:-

                      Revenue from    Revenue from    Total Revenue

                         Low value        High value

Strategy 1             $64                    $96                       $160

(32 D + 32 A)  32(1) + 32(1)      32(1) + 32(2)

Strategy 2              $64                  $125                      $189

(3 D + 61 A)        3(1) + 61(1)         3(1) + 61(2)

Where D indicates doll and A indicates Accessory

Therefore Strategy 2 gives more revenue in comparison to strategy 1

8 0
3 years ago
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