Answer:
1. $590
2. $9.83
Explanation:
1.
Total Number of Direct Labor Hours:
= Total Labor Cost ÷ Labor Rate Per Hour
= 150 ÷ 15
= 10 Hours
Total Overheads:
= Total Number of Direct Labor Hours*Predetermined Overhead Rate
= 10 × 21
= 210
Total Manufacturing Cost = 230 + 150 + 210
= $590
2.
Average Cost:
= Total Manufacturing Cost ÷ Number of Units
= 590 ÷ 60
= $9.83
Answer:
c. 55
Explanation:
As for the provided information, we know that
Percentage of active condominiums shall be calculated where the base shall be total property and the numerator shall be the active condominiums.
As provided condominiums = 40%
Active condominiums = 8.25 
40% = 3.3
Total property time = 8.25 40% + 4.5 60%
= 3.3 + 2.7 = 6.0
Therefore, percentage of active condominiums = 
= 55%
Answer:
It factors GDP in relation to the country's population
Explanation:
The second option "It cannot be used to identify the country's economic expansion or contraction" is incorrect because GDP can be used to tell if the economy of a nation is healthy or if it is heading into recession. Also, GDP cannot tell you the profit of corporate oversea operations, neither can it tell you the profit earned by foreign companies operating within the country, it can only tell the value of all products and services that were produced in a country within a period. However, GDP per capita is a measure of the gross domestic product against the population of the country, and hence the correct option is that It factors GDP in relation to the country's population.
Answer:
$13.45
Explanation:
The computation of contribution margin per unit sold is shown below:-
Contribution margin per unit = Selling price - (Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense)
= $27.90 - ($7.40 + $3.65 + $1.45 + $1.20 + $0.75)
= $27.90 - $14.45
= $13.45
Therefore for computing the contribution margin per unit sold we simply applied the above formula.
Answer:
$144,200
Explanation:
Collection in December -
Given,
September = $157,000;
October = $148,000;
November = $132,000;
December = $169,000.
Conditions -
1. 20% in the month of sale - December sale = $169,000 x 20% = $33,800
2. 50% in the first month after sale,
therefore, December will be first month of the sale of the month of November's collection = $132,000 x 50% = $66,000
3. 30% in the second month after sale,
therefore, December will be second month of the sale of the month of October's collection = $148,000 x 30% = $44,400
Therefore, December's collection = $(33,800 + 66,000 + 44,400)
= $144,200
