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stiv31 [10]
3 years ago
10

ackenzie, Inc. has collected the following data.​ (There are no beginning​ inventories.) Units produced 600 units Sales price $

120 per unit Direct materials $ 30 per unit Direct labor $ 13 per unit Variable manufacturing overhead $ 6 per unit Fixed manufacturing overhead $ 17 comma 800 per year Variable selling and administrative costs $ 4 per unit Fixed selling and administrative costs $ 14 comma 200 per year What is the ending balance in Finished Goods Inventory using absorption costing if 400 units are​ sold? ​(Round any intermediate calculations to the nearest cent and your final answer to the nearest​ dollar.) A. $ 15 comma 734 B. $ 21 comma 267 C. $ 9 comma 800 D. $ 5 comma 933
Business
1 answer:
Leokris [45]3 years ago
7 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Units produced= 600

Direct materials $30 per unit

Direct labor $13 per unit

Variable manufacturing overhead $6 per unit

Fixed manufacturing overhead $17,800 per year

Ending inventory= 600 - 400= 200 units

Under absorption costing, the fixed overhead costs get allocated to the product cost. First, we need to calculate the unitary fixed overhead cost:

Unitary fixed overhead= 17,800/600= $29.67

Now, we can determine the total unitary cost:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 30 + 13 + (6 + 29.67)= $78.67

Ending inventory= 200*78.67= $15,736

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Answer:

B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.

Explanation:

A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.

Cheers.

3 0
3 years ago
Stephanie and Mallory are working to identify the work performed and the working conditions for each job within Acme Global. The
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Answer:

The question is incomplete;

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B. job analysis

C. job specification

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5 0
3 years ago
Read 2 more answers
A company invested​ $45,000 in Yale Co. stock. The investment represented​ 5% of the voting stock of Yale Co. If the Yale Co. st
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Answer:

the dividend revenue account is credited

Explanation:

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2 years ago
Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return fro
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Answer:

                                             Project A                  Project B

Initial investments               ($170,000)               ($115,000)

CF Year 1                              $42,500                  $34,500

CF Year 2                             $58,500                  $52,500

CF Year 3                             $82,795                  $68,500

CF Year 4                             $92,900                  $68,500

CF Year 5                             $67,500                  $68,500

using an excel spreadsheet and the IRR function, the internal rate of return of each project is:

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We can use the discount rate (12%) to calculate the projects' NPV, we do not need it to calculate their IRR:

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6 0
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