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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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Calin Corporation has total current assets of $617,000, total current liabilities of $233,000, total stockholders’ equity of $1,
Otrada [13]

Answer:

Working capital = Current assets - Current liabilities

                          = $617,000 - $233,000

                          = $384,000

Explanation:

Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.

7 0
3 years ago
Read 2 more answers
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 D
Zanzabum

Answer:

Complete question is:

XYZ Company recorded the following information related to their inventory

accounts for 2020:

                         January 1, 2020        December 31, 2020

Direct materials               37,000                   50,000

Work in process                38,000                   41,000

Finished goods                 22,000                   34,000

The following information was taken from XYZ Company's accounting records

for 2020:

Sales revenue ...........................................   $630,000

Direct materials purchased ..............................       ?

Depreciation, factory equipment .........................     34,000

Prime costs .............................................    250,000

Utilities (60% for factory; 40% for office building) ....     20,000

Sales commissions .......................................       ?

Indirect materials ......................................     25,000

Depreciation, office equipment ..........................     30,000

Rent, factory building ..................................     56,000

Net income ..............................................     10,000

Direct labor ............................................       ?

Advertising .............................................     75,000

Production supervisor's salary ..........................     81,000

Additional information:

1.  Direct labor comprised 35% of the conversion costs for 2020.

2.  The actual overhead cost for 2020 was equal to the overhead applied

   to production. Thus there was no overhead variance for 2020.

A) Calculate XYZ Company's direct labor cost for 2020.

B) Calculate the direct materials purchased by XYZ Company in 2020.

C) Calculate XYZ Company's sales commissions for 2020.

Answer is:

a) Total overhead = 34000+12000+25000+56000+81000 = 208000

Direct labor = 208000*35/65 = 112000

b) Direct material used = 250000-112000 = 138000

Direct material purchase = 138000+50000-37000 = 151000

c) Sales and administrative expense other than sales commission = 113000

Sales commission = 630000-443000-113000-10000 = 64000

Explanation:

7 0
3 years ago
The American economy consists of a complex combination of organizations and variables, such as countless companies differing in
Jlenok [28]

Answer:

The correct answer is The Theory of complexity.

Explanation:

The Theory of Complexity and Organizations, also called complexity strategy or adaptive complex organization, is the use of complexity theory in the field of strategic management and organizational studies.

The complexity theory has been used in the fields of strategic management and organizational studies. Areas of application include an understanding of how organizations or companies adapt to their environment and how they deal with situations of uncertainty. The theory treats organizations and companies as collections of strategies and structures. The structure is complex, because they are dynamic networks of interactions, and their relationships are not the result of the aggregation of individual static entities. They are adaptive; Because individual and collective behaviors mutate and organize themselves in response to the initial changes of micro events or the total set of events.

7 0
3 years ago
Barnes Corporation purchased 75 percent of Nobles’ common stock for $262,500, which was acquired at book value. The fair value
Wittaler [7]

Solution:

Barnes Corporation purchased 75 percent of Nobles’ common stock

During the year, Nobles reports net income of $40,000.

Hence, 75% of net income of Nobbles is attributable to Barnes Corporation.

Barnes reports for income from subsidiary prior to consolidation

                                                          = 40,000 x 75%

                                                           = $30,000

3 0
3 years ago
Last January, Cecilia Pye, president of the Pye Plate Company, announced that the company had acquired Young's Bicycle Rental. T
erica [24]

Answer:

Explanation: monopoly

4 0
3 years ago
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