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agasfer [191]
3 years ago
12

Burns Company incurred the following costs during the year: direct materials $23.70 per unit; direct labor $13.10 per unit; vari

able manufacturing overhead $16.90 per unit; variable selling and administrative costs $12.00 per unit; fixed manufacturing overhead $122,100; and fixed selling and administrative costs $15,000. Burns produced 10,175 units and sold 6000 units. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing. (Round answers to 2 decimal places, e.g. 52.75.) Manufacturing cost (a) Absorption Costing $ (b) Variable Costing $
Business
1 answer:
Semmy [17]3 years ago
8 0

Answer:

Absorption costing per unit  = $65.7

Variable costing = $53.7

Explanation:

Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit

Full cost per unit= Direct material cost + direct labor cost ,100/10,175 units

Manufacturing cost per unit =+ Variable manufacturing overhead + Fixed production overhead

fixed manufacturing overhead= $12223.70+13.10+ 16.90 + 12 = $65.7

Variable costing method

Variable costing values units produced using marginal cost.

Manufacturing cost per unit = Direct material cost + direct labor cost + Variable manufacturing overhead

Manufacturing cost per unit =23.70+13.10+ 16.90= $53.7

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James has been in his management position for many years and is comfortable there. Recently, the CEO has been applying pressure
Vinil7 [7]

1. The <u>most appropriate </u><u>response</u> from James would be to <em>show that he has learned a lot during Randal's stay.</em>

 

James should not remain in his comfort zone because it is not an advantageous option.  James must demonstrate that he is able and willing to become computer literate by a change of attitude.

 

2. The <u>most ineffective </u><u>response</u> from James would be for him to show anger at Randal. Instead of this, he should approach Randal with an open mind, <em>ready to learn.</em>

 

Thus, Randal may take James' job if James does not rethink his strategy and push his unit to embrace the technological advancement recommended by Randal.

Learn more: brainly.com/question/20851760

4 0
3 years ago
Assume that a​ firm's marginal cost is​ $10 and the elasticity of demand is minus2. We can conclude that the​ firm's profit-maxi
inysia [295]

Answer:

Option A. $20

Explanation:

Marginal cost be MC, marginal revenue be MR and . We know that

MR = ∆TR ÷ ∆Q

or

MR = (P∆Q+Q∆P) ÷ ∆Q

Here,

P is Profit-maximizing price

or

MR = (P∆Q ÷ ∆Q) + (Q∆P ÷ ∆Q)

or

MR = P + (Q∆P ÷ ∆Q)

we can also write the above equation as

MR = P + P(\frac{Q}{P})(\frac{\Delta P}{\Delta Q})

also,

Price elasticity of demand PED =  (\frac{Q}{P})(\frac{\Delta P}{\Delta Q})

or

MR = P + [ P ÷ (PED) ]

We know MR = MC

Therefore,

MC = P +  [ P ÷ (PED) ]

(P − MC) ÷ P = −1 ÷ PED

Substituting the values provided in the question

MC = $10

PED = -2

we get

P = [ PED ÷ (1 + PED)] × MC

P = ( -2 ÷ -1) × 10

or

P =$20

hence,

Option A. $20

7 0
3 years ago
If the supply of loanable funds shifts to the right, then the equilibrium interest ratea. and quantity of loanable funds risesb.
Amanda [17]

Answer:

Option (d) is correct.

Explanation:

When the supply of loanable funds increases and this change in loanable funds shifts the supply curve of loanable funds rightwards then as a result the equilibrium interest falls and the quantity of loanable funds increases.

In this situation, the supply of loanable funds exceeds the demand for loanable funds, so the financial institutions would provide funds at a lower interest rate to the borrowers.

Fall in the interest rate would induce borrowers to take loan at a cheaper rate.

7 0
3 years ago
Pfister corporation reports $582 million in net income. This is the amount of cash available to distribute to shareholders.a. Tr
TEA [102]

Answer: False

Explanation:

The Net Income also takes into account cash that has not been paid yet from credit sales as well as other non-cash expenses. It is therefore not a measure of how much cash is available to be distributed to shareholders.

The amount that represents the cash available to distribute to shareholders is called the Free Cash Flow to the Firm (FCFF) and accounts for the actual amount of cash available in the company for disbursement.

8 0
3 years ago
Suppose that a house is worth $350,000 today. If house prices are expected to decline by 15% for each of the next two years. How
zhenek [66]

Answer: $‭252,875‬

Explanation:

This concerns a value in future (2 years) so the future value formula can be used;

= 350,000 * ( 1 - 15%) ²

= $‭252,875‬

House will be worth $‭252,875‬ at the end of 2 years if it declines in value at 15% per year.

5 0
3 years ago
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