1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anestetic [448]
3 years ago
10

McFadden, Inc. has collected the following data. (There are no beginning inventories.)Units produced 600 unitsSales price $150 p

er unitDirect materials $40 per unitDirect labor $13 per unitVariable manufacturing overhead $6 per unitFixed manufacturing overhead $19,500 per yearVariable selling and administrative costs $4 per unitFixed selling and administrative costs $15,700 per yearRequired:What is the ending balance in Finished Goods Inventory using variable costing if 450 units are sold?A.$6,000B.$8,850C.$7,950D.$2,850
Business
1 answer:
vodka [1.7K]3 years ago
8 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Units produced 600 units

Direct materials $40 per unit

Direct labor $13 per unit

Variable manufacturing overhead $6 per unit

Variable selling and administrative costs $4 per unit

The variable costing method calculates the cost of goods based on direct material, direct labor, and variable manufacturing overhead.

First, we need to calculate the unitary cost of production:

unitary cost= 40 + 13 + 6= $59

Inventory= 600 units - 450 units= 150 units

Inventory cost= 150*59= $8,850

You might be interested in
The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 1
SSSSS [86.1K]

Answer:

cost of goods sold = $580

Explanation:

The cost of the goods sold means the cost price of the total sales volume. As the company uses FIFO (First-in, First-out) method and also uses the perpetual inventory system, the cost of goods sold =

Cost of goods sold =

20 units × $19 = $380 (The price is from November 1)

10 units × $20 = $200 (The price is from November 10)

The total cost of goods sold (30 units) = $580

8 0
3 years ago
A multinational strategy entails having a separate strategy for each nation in which a company markets its products
Studentka2010 [4]
This statement above would be known to be called a (true/false) question, and based on my information, this statement above would be known to be a "true" statement. This would be true in many marketing companies that would be out there. They would always contain a strategy for each nation, and therefore this would then resolve to which a company would produce it's market productions.

Your answer: True
4 0
3 years ago
Rick and Joe get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. Afte
bezimeni [28]

Answer:

a.common stock.

Explanation:

The additional $10,000 of owners equity after listing on the stock market will be named as common stock. After listing company issues shares for capital investment in it. Common stock is the appropriate term used for every addition in the owners equity. So the correct option is a.common stock.

7 0
3 years ago
Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the ad
Lerok [7]

Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense  $ 30

Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.

Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.

To begin, you record the cash in December as profit expected to be collected in the future in accounts receivable. Then, when the client pays in February, an adjustment entry must be made to record the receivable as cash.

This is referred to as an accrued revenue adjustment entry.

To  learn more about Adjusting entry from the given link:

brainly.com/question/13716497

#SPJ4

5 0
1 year ago
Teresa rents her apartment for ​$860860 per​ month, utilities not included. When she moved​ in, she paid a ​$700700 security dep
Akimi4 [234]

Answer:

$10,425

Explanation:

The computation of total annual costs of renting is shown below:-

Total annual costs of renting = Annual cost of rent + Annual insurance cost + Interest lost

= ($860 × 12) + $84 + ($700 × 3%)

= $10,320 + $84 + $21

= $10,425

Therefore computing the total annual costs of renting we simply applied the above formula.

5 0
3 years ago
Other questions:
  • Randy works 50 weeks a year, averaging $500 a week in wages. He is offered a salaried position at $27,500 a year. If he accepts
    14·2 answers
  • Which of the following scenarios is typically an appreciating asset?
    15·1 answer
  • On March 1, Bartholomew Company purchased a new stamping machine with a list price of $83,000. The company paid cash for the mac
    10·1 answer
  • Candonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . Su
    15·1 answer
  • Highly anxious drivers have significantly longer_____ Times as tasks increased in difficulty
    6·1 answer
  • 14. Joss Norton deposited a check for $474.85 and a check for $821.15. He
    14·1 answer
  • What fortnite divsion r u in on arena im in division 6 drop ur name
    14·2 answers
  • Some __________ ask members/customers to work at the organization for a number of hours a month as part of their duties.
    12·1 answer
  • On your property tax bill, you see the following table. destination share of your taxes roads $241 schools $896 public safety $1
    9·1 answer
  • What type of living cost in the u. S. Rose a record 17 percent over the last year, as home prices and construction costs surged
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!