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3 years ago

Gusler Corporation makes one product and has provided the following information:

Business

1 answer:

Gre4nikov [31]3 years ago

8 0

Answer:

$807,500

Explanation:

First determine the cost per unit (U) as a function of cost of materials (M):

M = 2 * $2.00 = $4.00

And cost of labor and overhead (L):

L = 2.7*($20.00+$10.00)

L= $81.00

Total cost per unit is:

U = M + L = $4.00+ $81.00

U = $85.00

The estimate cost of goods sold for the month of May (C) is the product of the cost per unit by the number of units sold during the month (9,500):

C= $85.00*9,500

C= $807,500

Therefore, the estimated cost of goods sold for May is closest to $807,500

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C. negotiating contracts

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3 years ago

Which of the following is an advantage of an acquisition as a means of entry into foreign markets?a) It yields greater long-run

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2 years ago

A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of

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Answer:

$5.4 and $5.4

Explanation:

The formula and the computation is shown below:

= Total setup cost ÷ total direct labor hours

= $91,800 ÷ 102,000 hours

= $0.9

For plus:

Setup cost is

= $0.9 × 6

= $5.4

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For Max:

= $0.9 × 6

= $5.4

We simply multiplied the per unit with the direct labor per unit so that the allocation to each unit could come

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2 years ago

Mike’s Bike Shop rents mopeds to tourists at the beach. The old manager charged $20 per day plus $0.05 per mile. The new manager

AnnyKZ [126]

Answer: Fixed Costs

Explanation:The Manager needs to consider the fixed cost of the business before lowering the charges to customers.

Fixed costs are cost incurred that do not vary with output. if fixed cost are lowered without proper calculation/consideration, the business might run at a loss.

4 0

2 years ago

Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 488 units that c

swat32

Answer:

$80,544

Explanation:

We will calculate the amount of cost of goods sold using FIFO as;

= (Beginning inventory unit × Cost of each inventory) + [(Units sold during the month - Beginning inventory units) × Unit cost of the first purchases made by the company]

= (488 × $65) + [(1,206 units - 488 units) × $68]

= $31,720 + $48,824

= $80,544

Therefore, the cost of goods sold using FIFO is $80,544

4 0

2 years ago