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a_sh-v [17]
3 years ago
14

Gundy Corporation produces area rugs. The following per unit cost information is available: direct materials $19, direct labor $

7, variable manufacturing overhead $2, fixed manufacturing overhead $4, variable selling and administrative expenses $5, and fixed selling and administrative expenses $7. Using a 30% markup on total per unit cost, compute the target selling price.
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

$57.20

Explanation:

Total unit cost = $19 + $7 + $2 + $4 + $5 + $7 = $44

Target selling price = Total unit cost × (1  + Markup)

Since markup percentage is 30%, or 0.3, we therefore have:

Target selling price = $44 × (1 + 0.3) = $57.20

Therefore, the target selling price is $57.20.

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Rent is an example of a(n) _____.
faust18 [17]

Answer:

a. fixed cost

Explanation:

Rent is always negotiated and stated in the tenancy or lease agreement. The lease or tenancy agreement is reviewed either annually or after every two years. The rent amounts remain the same until the time a tenancy agreement is reviewed.

Fixed costs are the business expenses that remain the same throughout the financial period.  A business has to incur fixed costs as long as the business is operational. The level of business activity or output does not affect fixed costs. Rent is a good example of fixed costs. A business has the pay the same amount of rent regardless of its production level.

6 0
3 years ago
Read 2 more answers
Under process model, organizational effectiveness is portrayed by having internal conflict where information flows easily both h
andreev551 [17]

Answer:

True

Explanation:

The process model is a model that represents the work flow for achieving the company goals and objectives

In the process model, the effectiveness of an organization would be portrayed by the conflict that occurs internally. It could be the situation when the flow of the information is in a horizontal way and in a vertical way and the functioning of the operations internally is quite smooth and works with trust towards individuals

Therefore the given statement is true

8 0
3 years ago
Hey I need help please
Rashid [163]
Okay what do you need help with
5 0
3 years ago
Compare Franklin Roosevelts ( a democrat) actions concerning the economy in the 1930s with Ronald reagans (a republican) actions
steposvetlana [31]
Franklin Roosevelt's economic plans were to help the people by giving them things such as social security, lowering poverty rates, increasing wages and similar, while Ronald Regan's plan was to reduce tax rates so as to increase production and the overall wealth of the people. From this we might conclude that while Roosevelt wanted to help prevent poverty and help the people by through direct means, Regan wanted to help people by helping their employers who would in turn help their employees due to accumulated wealth.
4 0
3 years ago
Suppose that the united states and canada each produce only two products, televisions and food. The united states can produce 10
Alex

Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.

Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).

Opportunity cost of food is,

Unites states = \frac{100}{150} = 0.66

Canada = \frac{300}{330} = 0.90

Opportunity cost of television is,

Unites states = \frac{150}{100} = 1.5

Canada = \frac{330}{300} = 1.1

Since, opportunity cost of food is lower in the United states, United states will export food.

Opportunity cost of television is lower in Canada, Canada will export television to the United States.

6 0
3 years ago
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