Answer:
Option (C) is correct.
Explanation:
Variable overhead per unit:
= Variable overhead ÷ Total units produced
= $70,000 ÷ 10,000
= $7 per unit
Fixed overhead per unit:
= Fixed overhead ÷ Total units produced
= 120,000 ÷ 10,000
= $12 per unit
Total product cost:
= Direct materials + Direct labor + Variable overhead + Fixed overhead
= 10 + 6 + 7 + 12
= $35 per unit
Answer:
The answer is D
Explanation:
Product A is a variable cost because variable cost(inputs) increases(decreases) with increase (decrease) units(output).
Whereas for product B;
Though, fixed cost is fixed across all units of output but as the total output increases, the average fixed cost decreases because the same amount of fixed costs now cover a larger number of output produced.
Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:
Current Assets:
Cash 6,000
Inventories
Raw materials inventory 21,000
Work in progress inventory 40,000
Finished goods inventory 25,000
Merchandise inventory 48,000
Total inventory 1,34,000
Other assets
Accounts receivable 41,000
Prepaid expenses 1,000
Current assets 2,22,000
A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.
Learn more about manufacturing companies here:
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Answer:
This question requires us to calculate cash flows from operations and net income. Each of them is calculated as follow.
Cash flows from operations
Cash flow from operation comprises of cash generated or spend on core business related purchase and sale. It will be calculated as follow.
Cash from operations = 25,000 - 100,000 =($ 75,000).
Net income
Net income will be calculated using simple cashflow equation given below.
Closing cash balance = opening cashflow + net income + depreciation + cash flow from operations + cash flow investment + cash flow finance
25,000 = 55,000 + net income + 10,000 - 75,000 - 250,000 + 170,000
Net income = 115,000
Answer:
I think you mean Patrick Jørgensen
Explanation:
He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry
