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a_sh-v [17]
4 years ago
9

The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $7.60/unit; direct labor,

$10.60/unit; and manufacturing overhead, $309,600 + $8.60/unit. Required: If anticipated production for 2013 is 36,000 units, calculate the unit cost using variable costing and absorption costing. (Round your answers to 2 decimal places.)
Business
1 answer:
Advocard [28]4 years ago
5 0

Answer: The answer is as follows:

Explanation:

Given that,

Raw material = $7.60/unit

Direct labor = $10.60/unit

Manufacturing overhead = $8.60/unit

(1) Unit cost under variable costing = Raw material + Direct labor + variable Manufacturing overhead

= 7.6 + 10.6 + 8.6

= 26.8

(2) Unit cost under absorption costing = Raw material + Direct labor + variable Manufacturing overhead + fixed Manufacturing overhead

= 7.6 + 10.6 + 8.6 + 8.6

= 35.4

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It is time to visit your doctor for your annual check-up. Dr. Kapoor checks your vitals, draws blood for testing, and weighs you
erik [133]

Answer:

  1. simultaneous production and consumption,
  2. little standardization and
  3. intangible.

Explanation:

The above mentioned are the relevant characteristics of the service product experience in our scenario. and are explained as thus:

  1. Simultaneous production and consumption because services can be brought to you or you go to where the service is provided. This is a major characteristic in our scenario because you visit your doctor for your annual check-up.
  2. Little standardization: the quality of service rendered is a major tool to measure service product experience in this instance. Dr. Kapoor only checks your vitals, draws blood for testing and weighs you, if a more thorough analysis was done such as the collection of the urine sample and so on, it could have increased your service product experience.
  3. Intangible: The service rendered by your doctor is intangible, meaning that the whole process is not revealed to you. She tells you that you are fit and healthy and hands you a chart with a golden star on it, but the whole process of evaluation is not revealed or displayed to you.
8 0
4 years ago
Read 2 more answers
Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes t
azamat

Answer:

Scarlet Knight Corporation

Correct postings:

Accounts                 Debit    Credit

1. Cash                    12,500

  Common Stock                 12,500

2. Cash                     3,500

   Service Revenue               3,500

3. Supplies                 250

  Cash                                      250

4. Rent Expense       550

   Cash                                    550

5. Equipment         1,950

   Cash                                 1,950

Explanation:

a) Data and Calculations:

Accounts                 Debit    Credit

1. Common Stock    12,500

  Cash                                   12,500

2. Cash                     3,500

   Service Revenue               3,000

3. Supplies                 250

  Cash                                      250

4. Rent Expense       550

   Cash                                    550

5. Cash                   1,950

   Equipment                        1,950

b) The accounting rule is to debit the value receiver and to credit the value giver.  Generally, assets, expenses, and losses normally have debit balances while liabilities, equities, incomes, and gains have credit balances.

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Emily just got a car. She needed insurance, so she has purchased the insurance and pays the premium. Who is Emily in this scenar
nika2105 [10]

Answer:

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Explanation:

There is no power of attorney needed nor mentioned in the problem. The insurer is the one who sells the policy. The rider doesn’t have to have insurance so that is irrelevant.

8 0
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Please help it’s due today<br><br> It’s business<br><br> About location
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A car repair service requires an outdoor space for the cars to drive into/be serviced. There is not a large indoor space required due to the fact that staff are mainly outside working on the cars. With an accounting firm, there is a significantly larger number of staff so a large indoor space is required. This an accounting firm requires a location that is larger and closer to the city so it is accessible to all staff. A car repair service can be located somewhere with outdoor space and generally isn’t located in the city
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vladimir2022 [97]

Answer:

social media

Explanation:

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