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
kobusy [5.1K]
3 years ago
9

Premium Company makes cardboard boxes. During the most recent accounting period Premium paid $60,000 for raw materials, $48,000

for labor, and $52,000 for overhead costs that were incurred to make boxes. Premium Company started and completed 400,000 boxes. Premium desires to earn a gross margin that is equal to 40% of product cost. Based on this information the selling price per box is: a. $0.40 b. $0.56 c. $0.50 d. $0.70
Business
1 answer:
just olya [345]3 years ago
7 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Raw material= $60,000

Direct labor= $48,000

Overhead= $52,000

Premium Company started and completed 400,000 boxes.

First, we need to calculate the total manufacturing cost and unitary cost:

Total cost= Direct material + direct labor + overhead

Total cost= 60,000 + 48,000 + 52,000= 160,000

Unitary cost= 160,000/400,000= $0.4 per box

Now, we can calculate the selling price:

Selling price= Unitary cost*mark up= 0.4*1.40= $0.56

You might be interested in
Belinda orders a certain type of hybrid rose for her wedding. A disease sweeps through that type of rose and the florist could o
viva [34]

Answer:

B. Commercial impracticability

Explanation:

Commercial impracticabilty occurs when the actions under a contract is impractical and cannot be accomplished or achieved. It is triggered when actions or performance of a contract by a party has become impracticable and hence unfeasible or maybe just too difficult or costly to accomplish. The best defense for the florist in this case is commercial impracticabilty as the disease sweeping through the type of rose Belinda ordered has made it difficult and costly to accomplish or achieve.

5 0
3 years ago
Read 2 more answers
Um Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw materials
Zepler [3.9K]

Answer:

$171,619.20

Explanation:

Calculation to determine what The budgeted accounts payable balance at the end of November is closest to:

Using this formula

Budgeted accounts payable balance= Budgeted cost of raw materials purchases in November -(Budgeted cost of raw materials purchases in November*Raw materials purchases in the month of purchase percentage)

Let plug in the formula

Budgeted accounts payable balance=$286,032 - ($286,032*40%)

Budgeted accounts payable balance=$286,032 - $114,412.80

Budgeted accounts payable balance= $171,619.20

Therefore The budgeted accounts payable balance at the end of November is closest to:$171,619.20

4 0
3 years ago
  Early Head Start is an example of        A. private preschool.   B. biological effect.   C. a nurturing environment.   D. priv
mars1129 [50]
<span>Early Head Start is an example of
</span><span>C. a nurturing environment
It is a program offered to low-income families to provide them with family support and child development services. For a low-income family to be qualified, it has to have a pregnant woman or a family with children up to 3 years old.</span>
3 0
3 years ago
After first obtaining a real estate sales license, said licensee must take how many DRE core three-hour approved continuing educ
Thepotemich [5.8K]

Answer:

5

Explanation:

8 0
3 years ago
What are THREE purposes of monetary policy? A to eliminate competition B. to promote price stability c. to eliminate unemploymen
Oksanka [162]

Answer:

c. to eliminate unemployment,B. to promote price stability and F. to control federal spending

Explanation:

8 0
3 years ago
Other questions:
  • What are business requirements? Group of answer choices The nonspecific methodology the system must meet to be successful. The s
    7·2 answers
  • You want to lease a riding mower from Mowers, Inc.. The lease contract is in the form of 36 equal monthly payments at a 7.2 perc
    12·1 answer
  • Gearjazz, a company that manufactures and sells musical instruments, aims to increase its popularity among music artists and ent
    6·1 answer
  • Stockholders equity: a. Represents the ownership of a company b. Is the equivalent of net assets c. Is also known as the book va
    8·1 answer
  • which of the following describes an important difference between general partnership and limited partnerships
    12·2 answers
  • Which of the following is NOT considered a convertible instrument and is indicative of a complex capital structure? a. convertib
    13·1 answer
  • ABC Retail stocks and sells its own brand of personal computers. It costs the firm $600 each time it places an order with a manu
    9·1 answer
  • The major advantage of margin trading is the
    12·1 answer
  • Jazz Corporation receives management consulting services from its 90 percent owned subsidiary, Laker Inc. During 20X7, Jazz paid
    10·1 answer
  • A business plan is a document describing the start-up costs and operating expenses of a new business. Please select the best ans
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!