Answer:
variable cost per unit 150 dollars
Explanation:
As we aren't provided with a volume. We calculate considering variable costying system which onyl count variable cost as cost of goods manufactured:
raw material $ 75 per unit
labor 5 hours x 14 per hour = $ 70 per unit
variable ovehread $ 5 per unit
Variable cost per unit $ 150 per unit
the fixed overhead cost
5,110 + 3,730 + 1,550 + 6,600 + 8,760 = 25,750
will be considered cost of the period under variable costing
Answer:
The bid amount should be $13,200,264.
Explanation:
An oil and gas producing company owns 42,000 acres of land in a southeastern state.
It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.
The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.
Total Annual Revenue
= Revenue from oil + Revenue from gas
= $1,800,000 + $581,000
= $2,381,000
The bid amount should be the present worth of total annual revenue.
Present Worth of total annual revenue
= 
= 
= 
= 
= 
= 
= $13,200,264
Answer:
a. Items 1,5,9 and 10
Explanation:
M1 refers to Money Supply which includes physical currencies, coins, demand deposits, amounts in checking accounts, liquid cash and other forms of cash that can be withdrawn immediately eg in ATM.
<u>Items under M1 from the question are:</u>
3. Currency (coins and paper money) in circulation
6. Checkable deposits
M2 refers to money supply that comprises of the items in M1 and also include other types of deposits eg Savings deposits, mutual funds by individuals, time deposits. Funds that even though cannot be readily converted to cash but can be withdrawn with more effort.
<u>Items under M2 from the question are:</u>
2. Non-checkable savings deposits
4. Small-denominated (under $100,000) time deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
Based on the First In; First Out method of inventory management, the ending inventory is <u>$180.</u>
FIFO means that the earlier stock is sold off first. This means that the sale on April 14 was based on the beginning inventory first and then the Purchase on the 11.
Stock on April 14:
<em>= Beginning stock + Purchases - Sale</em>
= 24 + 26 - 36
= 14 units at $12 each
Stock at 25th:
<em>= Remaining April 11 purchases + April 21 Purchases - Sales</em>
= 14 + 18 - 20
= 12 units at $15
Ending inventory:
= 7 x 12
= $180
In conclusion, closing inventory is $180.
<em>Find out more at brainly.com/question/18761943. </em>
Answer:
B) $1,800.
Explanation:
$14,000 in medical expenses are not part of Samuel's gross income.
$7,000 in disability payments are not included in Samuel's gross income because he paid the premiums.
$4,000 in pain and suffering compensation are not part of your gross income.
The only payments that are part of Samuel's gross income and therefore are taxed, are his regular monthly salary payments = $1,800. If Samuel's disability insurance premium had been paid by his employer, then the $7,000 would have been taxable.
