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
ICE Princess25 [194]
3 years ago
11

Josh’s Manufacturing Company reported fixed manufacturing overhead of $2,500,000, and 2,600,000 total units. The variable manufa

cturing costs were $1.50 per unit. What is the cost per unit using absorption costing?
Business
1 answer:
sleet_krkn [62]3 years ago
4 0

Answer:

$0.54

Explanation:

Given: Fixed manufacturing overhead = $2500000.

           Total number of unit= 2600000.

            The variable manufacturing costs= $1.50 per unit.

First finding the cost per unit of manufacturing overhead.

Cost per unit of manufacturing overhead= \frac{Fixed\ manufacturing\ overhead}{Total\ number\ of\ units}

⇒ Cost per unit of manufacturing overhead= \frac{2500000}{2600000}

∴ Cost per unit of manufacturing overhead= $0.96154

Next finding the cost per units using absorption costing.

Cost per unit= Per\ unit\ variable\ manufacturing\ cost - Per\ unit\ cost\ of\ fixed\ manufacturing\ overhead⇒ Cost per unit= \$ 1.50 -\$ 0.96154

∴ Cost per unit= 0.5384 \approx \$0.54

Hence, $0.54 is the cost per unit using absorption costing.

You might be interested in
When you save your money to buy something I'm six months,which Job is money doing?
tatiyna
Try something within the medical departments, or jobs that you know are not likely to go down and are for everyday use. Like, psychology will be my personal interest and its pay could vary. 
8 0
3 years ago
You find a zero coupon bond with a par value of $10,000 and 30 years to maturity. The yield to maturity on this bond is 5.2 perc
muminat

Answer:

The price of the bond is 2143,67

Explanation:

A zero coupon bond is a bond that does not pay coupon payments and instead pays one lump sum at maturity.

Zero coupon bond value= F/(1+r)^t

F = face value or a par value

r= rate of yield per period

t= time to maturity ( in periods)

Replacing

F = $10,000

We assume semiannual compounding periods

r= 5.2/2=2.6

t= 30 x 2=60

Zero coupon bond value= $10,000/(1+0.026)^60

Value = 2143,67

7 0
3 years ago
Which of the following tools is an example of monetary policy?
loris [4]

Answer:

Explanation:

B C and D have become tools that have been tried.

Deficit spending is a budget/government policy. Its use should be very limited.

Same with Increased Government Spending. FDR was the master at controlled government spending.

Reducing income taxes is another government policy.

So only A is an example of monetary policy. This is a regulation imposed on the Banks by the Federal Reserve.

4 0
3 years ago
Read 2 more answers
Complete the following statement. The purpose of the closing process is to reset _________ (temporary/permanent) account balance
frez [133]

Answer:

The correct answer is temporary/earnings

Explanation:

The objective of the accounting closing is to evaluate the benefits or losses of a business activity. In other words, if the final result is positive, there is an increase in business equity, and if the final result is negative, there is a decrease in company equity.

Finally, in the accounting closing, a series of steps are carried out: the accounting regularization, the determination of the result, the closing of accounts and the presentation of annual accounts.

In conclusion, in the accounting cycle a period of time is contemplated and a set of operations and procedures are carried out in order to reflect the financial status of a company.

4 0
3 years ago
Read 2 more answers
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
yanalaym [24]

Answer:

deferral

Explanation:

Adjusting entries are when changes are made to already recorded journal entries.

Categories of adjusting entries :

  1. accrued revenues
  2. accrued expenses
  3. unearned revenues
  4. prepaid expenses
  5. depreciation.

Prepaid expenses are payments made for services yet to be delivered.

For example, paying for a year's worth of subscription on your streaming service

Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

7 0
3 years ago
Other questions:
  • The per unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 5,600 gallons of direct materials that a
    13·2 answers
  • Coy, Inc. initially issued 250,000 shares of $1 par stock for $1,250,000 in 2019. In 2020, the company repurchased 25,000 shares
    13·2 answers
  • What type of funding requires that the business owner share ownership with investors?
    11·1 answer
  • A minimum wage increases unemployment by
    10·1 answer
  • Barnes Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a price
    15·1 answer
  • Actimel is a dairy-based probiotic supplemental beverage made by Dannon. Originally, it was sold in organic food stores and only
    7·1 answer
  • Coupon payments are fixed, but the percentage return that investors receive varies based on market conditions. This percentage r
    12·1 answer
  • If 11 workers can produce a total of 54 units of a product and the 20 worker has a marginal product of six units what is the ave
    13·1 answer
  • (a) Purchased $110 of supplies for cash. –$110 $0 (b) Recorded an adjusting entry to record use of $20 of the above supplies. en
    14·1 answer
  • Agatha was a licensed loan originator when the housing market slowdown left her with little work. She accepted a job outside the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!