Our economic system in the United States is a "Mixed System" meaning that we are a free market but we also have

Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year of operations and sold 47,30

otez555 [7]

Answer:

1. $5.62

2. $15,174

Explanation:

1. The computation of the cost of one unit of product under variable costing is shown below:-

Total product cost = Direct material + Direct labor + Variable overhead

= $123,000 + $93,000 + $65,000

= $281,000

Unit product cost = Total product cost ÷ Produced units

= $281,000 ÷ $50,000

= $5.62

2. The computation of cost of ending inventory under variable costing is shown below:-

Unsold at end = Unit produced - Unit sold

= 50,000 - 47,300

= 2,700

Cost of ending inventory = Number of units sold × Unit product cost

= $5.62 × 2,700

= $15,174

3 0

3 years ago

Which describes risk aversion?

Savatey [412]

Risk aversion is the behavior in someone when they are exposed to uncertainty and are unsure of something due to being uncertain about it.

In this case, reluctant for taking changes when making investment best describes risk aversion from an economics stand point. If someone isn't sure the return on investment they would get from investing or the risks associated with investing in something, they are more hesitant to do that.

4 0

4 years ago

Read 2 more answers

18. If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent,

zavuch27 [327]

Answer:

rate of technological progress = 8 %

Explanation:

given data

capital net of depreciation = 10 percent

Population growing rate = 2 percent.

solution

we will apply here Golden Rule that is

According to golden Rule level of capital accumulation is in steady state which have the highest level of the consumption

so here rate of technological progress is = 10% - 2 %

rate of technological progress = 8%

and here economy will at Golden Rule steady state

so correct answer is 8 percent

8 0

3 years ago

Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i

Marianna [84]

Answer:

Santa Corporation

a. The bond's issue price = $901 (PV of all cash inflows).

b. The bond sold at a DISCOUNT. The discount was $99 (equal to total amortization).

c. Bonds payable at the end of:

Year 1 = $931

Year 2 = $964

Explanation:

a) Data and Calculations:

Face value of bond = $1,000

Coupon rate = 6%

Interest payment = Annually on December 31

Bond's maturity period = 3 years

Annual market rate of interest = 10%

N (# of periods) 3

I/Y (Interest per year) 10

PMT (Periodic Payment) 60

FV (Future Value) 1000

Results

PV = $900.53 = $901

Sum of all periodic payments $180.00

Total Interest $279.47

Schedule

Date Cash Paid Interest Expense Amortization Balance

January 1, Year 1 $901

December 31, Year 1 $60 $90 $30 931

December 31, Year 2 60 93 33 964

December 31, Year 3 60 96 36 1,000

5 0

3 years ago

Camille is at the candy store with her grandmother, who offers to buy her $6 worth of candy. if lollipops are $1 each and candy

Novosadov [1.4K]

6 lollipops.
3 candy bars.
1 candy bar and 4 lollipops.
2 candy bars and 2 lollipops.

6 0

3 years ago