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
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

You might be interested in
Consider the following information carefully and do as per the instruction given under the table below.
strojnjashka [21]

The network diagram for the activities indicated above is given in the attached image.

<h3>What is a network diagram?</h3>

A network diagram is a graphical depiction of a project that consists of a number of connected arrows and boxes that illustrate the interdependence of the project's operations.

The activity description is represented by boxes or nodes, and the interaction between the activities is represented by arrows.

<h3>What is the use of a network diagram?</h3>

A network diagram enables a project manager to keep track of each component of a project and easily communicate its status to others.

It also provides:

  • visual depiction of progress for stakeholders; and
  • Creating project workflows.

Learn more about a network diagram:
brainly.com/question/26643103
#SPJ1

6 0
1 year ago
Christie has just started with a travel agency. and she has been offering clientsand prospective clients a range of packaged tou
Marta_Voda [28]

<u>Full question:</u>

Christie has just started with a travel agency. and she has been offering clients and prospective clients a range of packaged tours. She is concerned. because the commissions she is earning on her sales are lower than she had hoped. Her colleague Peter. who has been with the agency for several years, is having a great deal of success by working closely with the clients. seeking their ideas. and building customized tour packages for each one based on their suggestions.Peter's approach is based on A. transaction-oriented marketing.B. premium C. Vlaue Cocreation D.sales-oriented marketing.

Peter's approach is based on value cocreation.

<h3><u>Explanation:</u></h3>

Value co creation is one of the strategies used in the business. It is a business strategy that helps in creation and promotion of the involvement of the customers actively in creation of on demand and made to order products. By using this strategy they will get the exact product they are in need and they can also involve in understanding how those products are formed.

In the example given, The colleague of Christie, Peter is being working closely with the clients and he offers the services by asking the customer's ideas and their suggestions. Thus the approach followed by Peter is value cocreation.

6 0
2 years ago
What would be the amount of deposits D, given that the monetary base MB $750 billion, the required reserve rate (r) -0.1, the ex
Thepotemich [5.8K]

Answer:

$574.71 billion.

Explanation:

The formula for calculating amount of deposits is as follows:

D= \frac{1}{(C/D)+rr+(ER/D)}\times MB

where,

D = Deposits

rr = required reserve rate

ER/D = excess reserve rate

C/D = non-bank currency to deposits

D= \frac{1}{(1.2)+0.1+(0.005)}\times 750

D = 574.712644

D = 574.71

Therefore,  the amount of deposits is $574.71 billion.

4 0
3 years ago
Carl is unemployed because he was laid off from his construction job when the housing market crashed. this is an example of fric
Elan Coil [88]

cyclical unemployment

5 0
2 years ago
One bond has a coupon rate of 5.4%, another a coupon rate of 8.2%. Both bonds pay interest annually, have 13-year maturities, an
Gekata [30.6K]

Answer:

a. rate or return bond 1 <u>6.6%</u> bond 2 <u>7.71%</u>

b. Does the higher-coupon bond give a higher rate of return? <u>yes</u>

Explanation:

bond 1 has a coupon rate of 5.4%

bond 2 has a coupon rate of 8.2%

yield to maturity formula = {C + [(Face value - market value) / n]} / [(Face value + market value) / 2]

assume bond 1's face value = $1,000

coupon = 54

n = 13

YTM = 7.5%

0.075 = {54 + [(1,000 - M) / 13]} / [(1,000 + M) / 2]

0.075 x  [(1,000 + M) / 2] = 54 +  [(1,000 - M) / 13]

0.075 x (500 + 0.5M) = 54 + 76.92 - 0.0769M

37.50 + 0.0375M = 130.92 - 0.0769M

0.0375M + 0.0769M = 130.92 - 37.50

0.1144M = 93.42

M = 93.42 / 0.1142 = $818.04

rate of return = $54 / $818.04 = 0.066 = 6.6%

assume bond 2's face value = $1,000

coupon = 82

n = 13

YTM = 7.5%

0.075 = {82 + [(1,000 - M) / 13]} / [(1,000 + M) / 2]

0.075 x  [(1,000 + M) / 2] = 82 +  [(1,000 - M) / 13]

0.075 x (500 + 0.5M) = 82 + 76.92 - 0.0769M

37.50 + 0.0375M = 158.92 - 0.0769M

0.0375M + 0.0769M = 158.92 - 37.50

0.1144M = 121.42

M = 121.42 / 0.1142 = $1,063.22

rate of return = $82 / $1,063.22 = 0.07712 = 7.71%

8 0
3 years ago
Other questions:
  • Per capita gdp can help with the understanding of economic growth
    5·2 answers
  • Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $13,000 of cash sales that ar
    8·1 answer
  • Choose the best answer. labor rate = $12 per hour hours worked = 36 overhead rate = 125% retail price of good furnished = $185 s
    15·2 answers
  • Suppose that some teachers have decided that economic and financial uncertainty have made the prospect of retiring more​ risky,
    12·1 answer
  • The price of apples has recently fallen in the marketplace. From this information, we can safely predict that: a.a shortage of a
    13·1 answer
  • Which one of the following statements is TRUE? a. A shareholder-friendly charter will make it harder for a company to be acquire
    5·1 answer
  • Which of the following is NOT considered a convertible instrument and is indicative of a complex capital structure? a. convertib
    13·1 answer
  • Prescott Bank offers you a five-year loan for $75,000 at an annual interest rate of 6.8 percent. What will your annual loan paym
    6·1 answer
  • On December 31, 2020, the Bennett Company had 110,000 shares of common stock issued and outstanding. On July 1, 2021, the compan
    15·1 answer
  • A________is a form of organisation in which the owner maintains complete control over the business and is personally liable for
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!