Answer:
unitary product cost= $102
Explanation:
Giving the following information:
Manufacturing costs Direct materials per unit $60
Direct labor per unit $22
Variable overhead per unit $8
Fixed overhead for the year $528,000
Units produced= 44,000
The absorption costing method includes all costs related to production, both fixed and variable<u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>
Fi<u>rst, we need to calculate the unitary fixed overhead:</u>
Unitary fixed overhead= 528,000/44,000= $12
<u>Now, the unitary product cost:</u>
unitary product cost= 60 + 22 + 8 + 12
unitary product cost= $102
Answer:
Omar should get budgeting advice from a consumer credit counselor
Explanation:
It is apparent from the question that Omar is having a financial problems as he is finding it difficult to meet up with his student loan and credit cards repayment plan.
It is advisable at this point that he should engage the service of a consumer credit counselor for budgeting advice to improve on his situation.
Consumer credit counselling service is a form of service that help to proffer solution to financial problems through financial education , budgeting assistance and debt management.
Answer:
D) all of the above
Explanation:
Probably the single most labor reducing factor is new technology and how it is applied within a business. Automation is probably the single most important labor reducing factor in the US over the last 30 years. This is specially for factory workers, since automation is responsible for fewer industry jobs, not China.
New technologies increase marginal returns for labor and they also have changed organizations completely.
Computers, the internet, smartphones, Amazon, etc., have changed our world. Even the military has changed, a pilot can be located inside a US base and his airplane is flying a mission in the Middle East.
Answer:
Average Collection Period = 57.03
Explanation:
given data
Accounts Receivable beginning = $437,500
Accounts Receivable ending = $500,000
Net credit sales = $3,000,000
to find out
average collection period
solution
we get here first average account receivable that is express as
average account receivable = 
average account receivable = $468750
and we consider No of Days in a year is = 365
so Average Collection Period will be
Average Collection Period = 
× 365
Average Collection Period = 57.03
Answer:
Brian's demand is perfectly inelastic.
Crystal's demand is unit elastic.
Explanation:
Given that
Brian said = 10 gallons of gas
where, Crystal says = $10 worth of gas
By seeing the above information, we concluded that the Brain's demand is perfectly inelastic as the demand of the gallons are fixed
And, the crystal demand is unitary elastic as the expenditure would remain unchanged or fixed
In addition, the perfectly inelastic is when elasticity is zero
, and unitary elastic is when elasticity is equal to one
