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
Zanzabum
3 years ago
15

Columbia Products produced and sold 1,200 units of the company’s only product in March. You have collected the following informa

tion from the accounting records:
Sales price (per unit) $125
Manufacturing costs:
Fixed overhead (for the month) 18,200
Direct labor (per unit) 10
Direct materials (per unit) 34
Variable overhead (per unit) 26
Marketing and administrative costs:
Fixed costs (for the month) 19,500
Variable costs (per unit) 5


Compute the following:
(1) Variable manufacturing cost per unit.
(2) Full cost per unit.
Business
1 answer:
Leya [2.2K]3 years ago
8 0

Answer:

1. $70

2. $106.42

Explanation:

(1) Variable manufacturing cost per unit:

= Direct labor + Direct material + Variable overhead

= $10 + $34 + $26

= $70

(2) Full cost per unit:

= Direct labor + Direct material + Variable overhead + Variable selling cost + (Fixed ÷ 1,200)

= $10 + $34 + $26 + $5 + [(19,500 + 18,200) ÷ 1,200)]

= $75 + $31.42

= $106.42

You might be interested in
40 POINTS!! Decorative text available to include in a document is known as _____.
enyata [817]
4. word art, I believe is the correct answer
5 0
3 years ago
Read 2 more answers
"generally, assuming no negligence on the part of the victim, when an endorsement on a check has been forged and properly report
katen-ka-za [31]
The party that is liable for the loss is the BANK. This is because, the bank is liable for forged checks, if it fails to verify the signature on the check very well. It is written in the law that a payor bank that pays a check with a forged payee signature has paid a check that is not properly payable and is liable to its customer. 
8 0
2 years ago
Noncash goods and services that would otherwise have to be paid for in cash by the beneficiary is the definition of
Lapatulllka [165]
These are called in kind benefits or benefits in kind. They are benefits which are given to employees or directors from their company. However, these are not included in their salary wages. They are also called perks or fringe benefits and they include things like company cars, medical insurance, and cheap loans.<span> </span>
7 0
3 years ago
To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for, Multiple choice question
EleoNora [17]

To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;

  • Rent expense is debited, prepaid rent is credited

<h3>Prepaid rent account</h3>

A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.

On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.

Read more on prepaid rent account;

brainly.com/question/1202504

6 0
2 years ago
Which statement below best describes the accounting equation? Multiple Choice The change in retained earnings equals net income
8_murik_8 [283]

Answer:

The correct answer is Resources of the company equal creditors' and owners' claims to those resources.

Explanation:

It can be used to determine that the income or income of the consumer is exactly equal to the expense (purchase) of goods, for the determined period of consumption. In other words, by adding the value spent on the acquisition of goods "x" and goods "y". To have such values it is enough to multiply the number of possible units to acquire - in each of the points - by their respective price and then add them; This can be done at any point in the price line.

4 0
3 years ago
Other questions:
  • Which of type of employees possesses high commitment and low task performance but performs many of the voluntary "extra-role" ac
    9·1 answer
  • Although True Ion Inc. and One Electro Inc. operate in the same consumer electronic industry, True Ion Inc. has better sales and
    14·1 answer
  • Troy received a gift of 100 shares of stock from his grandmother on July 1 of the current year. Troy's grandmother had owned the
    13·1 answer
  • The Elle Corporation manufactures fingernail polish. Suzy buys a container of Elle's fingernail polish, applies it to her nails,
    9·1 answer
  • In BCG portfolio analysis, products in low-growth markets that have received heavy investment and now have excess funds availabl
    15·1 answer
  • According to the classical economists, if the quantity of money that people wanted to save was greater than the amount that peop
    14·1 answer
  • The Parsons Company experienced the following costs in 2007: Direct materials $4.50/unit Direct labor $8.00/unit Manufacturing O
    7·1 answer
  • What is Seth Godin’s overall message to companies?
    13·1 answer
  • Listed below are a few events and transactions of Kodax Company.
    10·1 answer
  • In Denmark, the personal income tax rate is 55 percent. One of the reasons workers are willing to pay this is because they know
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!