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Elis [28]
3 years ago
9

Paolucci Corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its a

verage costs per unit are as follows: Average Cost per Unit Direct materials $ 7.10 Direct labor $ 4.00 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 3.60 Fixed selling expense $ 1.30 Fixed administrative expense $ 0.60 Sales commissions $ 1.25 Variable administrative expense $ 0.50 If 11,700 units are sold, the variable cost per unit sold is closest to:
Business
1 answer:
kati45 [8]3 years ago
6 0

Answer:

The variable cost per unit sold is closest to $14.85

Explanation:

In order to calculate the variable cost per unit sold we would have to use the following formula:

Total variable cost per unit=(Direct materials+Direct labor+Variable manufacturing overheads+Sales commissions+Variable adminsitrative expenses)

Therefore,Total variable cost per unit=$7.10+$4.00+$2.00+$1.25+$0.50

Total variable cost per unit=$14.85

The variable cost per unit sold is closest to $14.85

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Kryger [21]

Answer:

No adjusting entry required

Explanation:

When the contract was formed and advance was received the company must had recorded the following entry:

Dr Cash Account    $5000

Cr Unearned Revenue $5000

Now it is the year end and till now the goods are not delivered which means advance that was received is still our unearned revenue So no further entry is required until the delivery of the goods ordered to the customer.

Correct entry is "No adjusting entry required"

7 0
2 years ago
What High School did LeBron James go to?
Ket [755]

Answer:

St Vincent St Mary High

4 0
3 years ago
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Which business function consists of the given aspects?
Ivenika [448]

Answer:

d

Explanation:

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3 0
2 years ago
You have entered into a long forward contract on a dividend-paying stock some time ago, and this will expire in six months. It h
Vlad1618 [11]

Answer:

correct option is B. -$4.02

Explanation:

given data

delivery price = $40

current stock price = $35

fixed dividend yield = 8% = 0.08

risk free rate = 12% = 0.12

solution

as we know that forward contract is a agreement that is made between 2 parties ( seller or buyer ) asset in future at today fix price in specified time,

we get here long forward contract value that is express as

long forward contract = \frac{stock\ price}{(1+dividend\ rate)^t} -\frac{forward\ rate}{e^{r*t}}    ...................1

put here value we get

long forward contract = \frac{35}{(1+0.08)^{6/12}} -\frac{40}{e^{0.12*6/12}}  

solve it we get

long forward contract = -$4.02

so correct option is B. -$4.02

5 0
3 years ago
Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two
Vitek1552 [10]

Answer:

c

Explanation:

A) A shift of the budget line inward to the left

B) A shift of the budget line outward to the right

C) No change in the budget line

D) An increase in the slope of the budget line

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