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
Concord Corporation owned 16000 shares of Ivanhoe Corporation. These shares were purchased in 2017 for $130000. On November 15,
mafiozo [28]

Answer:

  • Gain = $271,310
  • Net reduction in retained earnings = $‭105,690‬

Explanation:

Gain = (Ivanhoe market price - Purchase price) * Number of shares issued as property dividend

Purchase price = 130,000 / 16,000

= $8.13

Number of shares issued as property dividend = 130,000 shares of Concord / 10

= 13,000 Ivanhoe shares

Gain = (29 - 8.13) * 13,000

= $‭271,310‬

Net reduction in retained earnings:

= Dividends payable - Gain

= (13,000 * 29) - ‭271,310‬

= $‭105,690‬

4 0
3 years ago
Which of the following would most likely suffer the least from the costs of​ inflation?
Arturiano [62]

Answer:

B. Persons on fixed incomes.

Explanation:

Inflation is a general increase in prices and fall in the purchasing value of money, therefore, a person with a fixed income will not be affected.

8 0
3 years ago
Management of a close corporation often resembles that of a______, but a corporation must meet the statutory requirements to rem
Reika [66]

Answer:

Explanation:

The statement in the question is not complete and should be the following with each of the answers provided being part of the statement like so,

Management of a close corporation often resembles that of a Partnership , but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation restrict the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares appraised to determine value and then receive that value.

8 0
3 years ago
Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?
AURORKA [14]

Answer:

B) C and D

  • C. Whole life insurance
  • D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

  • Permanent life insurance policy, other than a group and term life insurance policy
  • An annuity contract, other than a group annuity contract
  • Any other insurance product with features of cash value or investment.

The AML's main goal is detect and stop terrorist financing.

5 0
3 years ago
Georgia, the outside sales rep for a major building supply company, reads a report stating that building permits are down dramat
Rus_ich [418]

Answer:

(B) Advice the production and purchasing department to produce or order smaller quantities of products.

Explanation:

According to my research on basic economics and business owning I can say that the best thing for Georgia to do in this situation in order to help her company become more value driven is to Advice the production and purchasing department to produce or order smaller quantities of products. This is because since product is not selling fast enough they should sell what they already have before producing more, otherwise they will be wasting money on products which will eventually cause them to be overflowing stock. Thus losing money.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • You work for Amazon and you are charged with building consumer awareness for the latest version of the firm’s Kindle reader. Wha
    7·1 answer
  • Touching your nose is an example of?
    10·2 answers
  • What are your special skills characteristics that are related with your business?
    11·1 answer
  • Read the sentences. i was so excited for school to end and for summer vacation to begin. my grandpa and i were going to begin bu
    14·2 answers
  • Joni Kingbird Inc. has the following amounts reported in its general ledger at the end of the current year.
    14·1 answer
  • Google, Yahoo, Bing, and other major news and search sites confer legitimacy by way of algorithms that take into account what us
    13·1 answer
  • The Center is an experienced home appliance dealer. The Center also offers a number of services together with the home appliance
    15·1 answer
  • Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 2
    7·1 answer
  • When direct labor employees contribute to the production process, the cost of their labor is recorded by debiting: O Wages Expen
    9·1 answer
  • Which would be the most likely target market for a new brand of high-end athletic shoes?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!