Answer:
This question is not incomplete find below the question:
Kubin Company’s relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 9.00 Direct labor $ 6.00 Variable manufacturing overhead $ 3.50 Fixed manufacturing overhead $ 7.00 Fixed selling expense $ 5.50 Fixed administrative expense $ 4.50 Sales commissions $ 3.00 Variable administrative expense $ 2.50
Required:For financial accounting purposes, what is the total amount of period costs incurred to sell 30,000 units? (For all requirements, do not round intermediate calculations.)
The total period expenses required to sell units 30000 units is $450,00.00
Explanation
Find detailed calculations in the attached spreadsheet.
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Answer:
c. Given this information, Company A must have the higher ROE.
Explanation:
ROE = Net income/Total assets. Interest expense is higher for Company A, hence its net income is lower than Company B's. Therefore, ROE of A < ROE of B
Answer:
Like all insurance, this policy is an arrangement for protecting against financial loss arising from loss of financial value and interest as a result of the peril insured against.
Fire Insurance is a policy that falls under the general insurance(Non-life insurance). It is a policy which provide cover on any subject matter(house, office, farm etc). Basically, the policy provide financial indemnity to the policyholder as a result of financial loss caused by Fire peril to his of her property insured. The Fire Insurance is known to cover 3 main peril, they are Fire itself, Lighting and Explosion of domestic gas.
