Answer:
Product cost= $75
Explanation:
Giving the following information:
Variable costs per unit:
Direct materials $17
Direct labor $47
Variable manufacturing overhead $11
Under the variable costing method, the unitary product cost is calculated using the direct material, direct labor, and unitary variable overhead:
Product cost= 17 + 47 + 11= $75
Answer: $352,000
Explanation:
The information needed to calculate the cash and cash equivalent are:
Balance in checking account, Bank of the East = $ 382,000
The restricted cash included in the checking account = $49,000
Treasury bills = $19,000
We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:
= ($382,000 - $49,000) + $19,000
= $333,000 + $19,000
= $352,000
Answer:
There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.
Explanation:
Answer:
The bid amount should be $13,200,264.
Explanation:
An oil and gas producing company owns 42,000 acres of land in a southeastern state.
It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.
The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.
Total Annual Revenue
= Revenue from oil + Revenue from gas
= $1,800,000 + $581,000
= $2,381,000
The bid amount should be the present worth of total annual revenue.
Present Worth of total annual revenue
= 
= 
= 
= 
= 
= 
= $13,200,264
