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spin [16.1K]
3 years ago
10

The following variable production costs apply to goods made by O'Brien Manufacturing Corporation: Item Cost per Unit Materials $

6.00 Labor 3.00 Variable overhead 3.50 Total $ 12.50 Required Determine the total variable production cost, assuming that O'Brien makes 4,000, 8,000, or 12,000 units.
Business
1 answer:
Reika [66]3 years ago
6 0

Answer:

$50,000 ; $100,000 ; $150,000

Explanation:

The computation of the total variable production cost is shown below:

For 4,000 units, it would be

= 4,000 units × $12.50

= $50,000

For 8,000 units, it would be

= 8,000 units × $12.50

= $100,000

For 12,000 units, it would be

= 12,000 units × $12.50

= $150,000

Simply we multiplied the total variable cost per unit with the respective units

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Michael Company reports the following account balances at the end of the first year of​ operations: Revenues $ 160 comma 000 Cos
professor190 [17]

Answer:

$46,000

Explanation:

The computation of the total liabilities at the end of the first​ year is shown below:

We know that

Total assets = Total liabilities + stockholder equity

where,

Total assets = Cash + land + short term investment

                    = $102,000 + $40,000 + $14,000

                    = $156,000

Stockholder equity = Common stock + net income - dividend paid

                                = $50,000 + 72,000 - $12,000

                                = $110,000

So, the total liabilities would be

= $156,000 - $110,000

= $46,000

Working Note:

The net income is

= Revenue - cost of goods sold - Salaries Expense -  Utilities Expense - Advertising Expense ​

= $160,000 - $46,000 - $21,000 - $11,000 - $10,000

= $72,000

3 0
3 years ago
Seamark buys $300,000 of Eider's 8% five-year bonds payable at par value. Interest payments are made semiannually. All of the fo
mario62 [17]

Answer:

D.the semiannual interest payment amount is $24000

Explanation:

Debt securities are recorded on the purchase price of the securities which includes purchase price and any brokerage costs etc. Cost recorded and maturity value of this security will be $300,000 because these are issued on par and will mature on par value.The semiannual interest payment will be $12,000 ( $300,000 x ( 8% /2)) rather than $24,000. Interest revenue will also be credited to the interest revenue account. So the only incorrect option is D.the semiannual interest payment amount is $24000.

8 0
3 years ago
The tangible assets of an organization include
Sloan [31]

Answer:

a. company reputation

Explanation:

yan po and tamang sagot...god luck po. ..

3 0
2 years ago
why is allowance for doubtful accounts credited, instead of accounts receivable, when recording the adjusting entry for bad debt
alukav5142 [94]

The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts  Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.

The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.

learn more about  doubtful account visit brainly.com/question/28944789

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7 0
1 year ago
Hyper Tech employees were told to attend an upcoming mandatory meeting at which the CEO would be making an important announcemen
ser-zykov [4K]

Answer: A speculation

Explanation: A speculation is a form of information in widespread that doesn't have a solid proof. The information about the acquisition of another company by the employees has no solid proof therefore it's a speculation.

6 0
4 years ago
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