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
frosja888 [35]
3 years ago
9

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp

any produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory 25 Variable costs per unit: Direct materials $ 100 Direct labor $ 320 Variable manufacturing overhead $ 40 Variable selling and administrative $ 20 Fixed costs: Fixed manufacturing overhead $ 60,000 Fixed selling and administrative $ 20,000 Required: 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan. 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.
Business
1 answer:
Oksana_A [137]3 years ago
4 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Units in beginning inventory 0

Units produced 250

Units sold 225

Units in ending inventory 25

Variable costs per unit:

Direct materials $100

Direct labor $320

Variable manufacturing overhead $40

Variable selling and administrative $20

Fixed costs:

Fixed manufacturing overhead $60,000

Fixed selling and administrative $20,000

a) Under absorption costing the fixed overhead gets allocated to the product cost:

Product cost= direct material + direct labor + variable overhead + fixed overhead

Unitary cost= 100 + 320 + 40 + (60,000/250 units)= $700 per unit

b) In variable costing, the fixed overhead is a period cost:

Unitary cost= direct material + direct labor  + variable overhead

Unitary cost= 100 + 320 + 40= $460

You might be interested in
What is online bill payment? A. a service that provides consumers with credit for bill payments B. a service that pays bills wit
irina1246 [14]

Answer:

B: a service that pays bills without the need of consumer verification

Explanation:

have a great day! :>

7 0
3 years ago
Read 2 more answers
A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction
PtichkaEL [24]

Answer:

B: The net profit of installing the garage.

Explanation:

The opportunity cost is the next best thing that you could be doing but chose to give up in order to do something else. For example, if I chose to spend the day studying for a test, I won't have as much time to watch cat videos, hang out with my friends, or work on the website I'm coding. Since I love coding more than anything in the world, the time I could've spent coding is the opportunity cost of choosing to study.

A and C can be safely eliminated because they are describing the business expenses of the contractor, not what they could be missing out on if they choose to renovate the bathroom. In this case, D wouldn't make any sense since they wouldn't be missing out on any profits from the bathroom project at all. Therefore, the correct answer is B. The contractor can't be in two places at once, and by choosing the bathroom, they're passing up the opportunity to work on the garage and any resulting profits.

8 0
2 years ago
Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly fina
34kurt

Answer:

The estimated inventory at the end of February is $73400 as shown below

Explanation:

Beginning Inventory $57,800

Plus: Net purchases $120000

Freight-in                     $2,700

Cost of Goods Available for Sale $180500

less: Cost of Goods Sold

Net Sales$180000

Less Estimated Gross Profit $81000

Estimated Cost of Goods Sold $99000

Estimated Inventory before Theft 81500

Less: Stolen Inventory 8,100

Estimated Ending Inventory 73400

Gross profit $180000*45%=$81000

8 0
3 years ago
Why is it often difficult for a new supervisor or manager to be promoted from within? What specific challenges often accompany t
mina [271]

Answer:

It is difficult for new supervisors and managers to be promoted from within because adequate training are not provided. Most of the good habits that make up a good leader must be learned.

Explanation:

Challenges faced by new managers include:

1) Managing others while still actually working

It is important for managers to know how to differentiate between times they can focus their attention to employee concerns and times they decide not to attend to anyone and whether this is applicable to their team.

A calender will be needed for this type of situation.Schedule regular check-ins with employees, and block off times for you to focus on your own work. Unexpected and urgent situations will always arise, so you will have to add in some flexibility.

Resist the urge to make yourself available to every demand that comes your way.

2. Managing friends and former peers

When you attain the new rank of a manager, it is important to define the boundaries of your relationships with your subordinates as soon as possible.

Explain what you require from your staff and what they can expect from you. For your part, they will expect your trust, communication, and fairness, no matter how your relationship was defined before you were promoted as a manager.

3. Trying to make changes too quickly

First-time managers are always very excited to start making their marks on the organisation, but if you force too many changes at a fast rate, your staff may push back.

Take a collaborative approach on making changes to get the support of your staffs.

4. Giving direct feedback

A lot of new managers sometimes have a hard time delivering important feedback or having difficult conversations.

If you avoid telling an employee their faults and how they need to shape up, you might end up driving away others on your staff including your top performers by letting the problem spread.

It is also important to give positive feedback regularly.

8 0
3 years ago
In periods of rising prices, what will lifo produce?.
Mrrafil [7]

Answer:

LIFO. usually results in a balance sheet valuation of inventory farthest away from its economic value. LIFO. would result in the highest after-tax cash flow in periods of rising prices and non-decreasing levels of inventory.

smort doggo is off to another question

3 0
2 years ago
Other questions:
  • Blanchard Company manufactures a single product that sells for $140 per unit and whose total variable costs are $112 per unit. T
    12·1 answer
  • Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
    8·1 answer
  • A city engineer knows that she will need $25 million in 3 years to implement new automated toll booths on a toll road in the cit
    6·1 answer
  • ​First-line managers are typically those who​ ________.
    10·1 answer
  • What is the opportunity cost of saving money to purchase a car?
    13·2 answers
  • While goods are ________, services are ________. analytic; leveraged. produced; performed. analytic; produced. produced; leverag
    12·2 answers
  • Perform online or offline research to learn more about how farmers, ranchers, and other stakeholders in the United States practi
    13·1 answer
  • Bank deposits help the nation’s economy by
    13·2 answers
  • Max and mimi are using a method of birth control that requires mimi to carefully observe changes in the secretions from her cerv
    15·1 answer
  • What type of changes are not usually included within the scope of change management?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!