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IrinaK [193]
3 years ago
14

If one unit of Product Z2 used $2.00 of direct materials and $3.40 of direct labor, sold for $11.00, and was assigned overhead a

t the rate of 25% of direct labor costs, how much gross profit was realized from this sale? (Round your intermediate calculations and final answer to two decimal places.)
Business
1 answer:
zheka24 [161]3 years ago
4 0

Answer:

Gross profit= $4.75

Explanation:

Giving the following information:

Product Z2:

$2.00 of direct materials

$3.40 of direct labor.

sold for $11.00.

Designated overhead at the rate of 25% of direct labor costs.

Gross profit= sales - direct material - direct labor - manufacturing overhead

Gross profit= 11 - 2 - 3.4 - (3.4*0.25)= $4.75

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A worker who loses a job at a call center because business firms switch the call center to another country is an example of whic
alexira [117]

Answer:

"Structural unemployment" is the right approach.

Explanation:

  • The terminology economists mischaracterize unemployment, which seems to be the consequences of such an absence or failure of coordination of talents as well as of opportunities, is defined as Structural unemployment.
  • This would be caused by economic shifts that prevent jobless persons from finding opportunities throughout different firms with very high qualifications.
6 0
2 years ago
A firm charges $25 for a product. If the markup is 25 percent, then the fully allocated average cost of the product is?
Evgen [1.6K]

A firm charges $25 for a product. If the markup is 25 percent, then the fully allocated average cost of the product is $20.

The term "markup" describes the discrepancy between an item's cost and its selling price. In other words, the vendor makes money by charging a premium over the overall cost of the commodity or service.

A business should realise the importance of markup. For instance, developing a sound pricing strategy is one of the most crucial resources a successful company can have. A product or service's markup needs to be high enough to cover all costs and turn a profit.

                     Retail price = $25

                           Markup =25% =0.25

                     Retail price = Average cost of product * (1+Markup)

                                   25 = Average cost of product *1.25

Average cost of product =25/1.25

Average cost of product = $20

Learn more about costs here brainly.com/question/14945040

#SPJ4

5 0
1 year ago
Which of the following isn't considered a capital resource Taylor will need?
ss7ja [257]

<u>Answer:</u>

<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>

<u>Explanation:</u>

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.

6 0
2 years ago
BOGO Inc. has two sequential processing departments, roasting and mixing. At the beginning of the month, the roasting department
vagabundo [1.1K]

Answer:

Direct material cost of units transferred out = $42,596

Cost of ending work in process inventory = $8,174

Explanation:

This can be done using the following 3 steps:

Step 1: Calculation of equivalent unit of production (EUP) of materials

Note: See the attached excel file for the calculation of equivalent unit of production (EUP) of materials.

From the attached excel file, we have:

Physical unit = 24,680

EUP-material = 21,564

Step 2: Calculation of cost per EUP of materials

Cost per EUP of materials = Direct materials added during the month / EUP-Materials = $49,900 / 21,564 = $2.13

Step 3: Assignment of direct materials cost to the units transferred out amd the ending WIP

Cost of materials added to complete the beginning WIP = 924 * $2.13 = $1,967

Cost of units started and transferred out = 16,800 * $2.13 = $35,760

Direct material cost of units transferred out = Direct material cost of beginning WIP + Cost of materials added to complete the beginning WIP + Cost of units started and transferred out = $4,870 + $1,967 + $35,760 = $42,596

Cost of ending work in process inventory = 3,840 * $2.13 = $8,174

Download xlsx
6 0
2 years ago
The Business Ethics provides several models and frameworks for a business approach to the environment and sustainability includi
oee [108]

Answer:

To answer the above question , the closest and which includes all human, animal and realted welfare is

"The environment should be protected in the name of serving future generations’ welfare".

Explanation : when it comes to buisness, ethics and moral with code of conduct the ultimate reason behind this is to make the better world to serve future generation with all such discipline and carry forward the same positive approach towards all human, animal and other welfare's.

By this above option/approach is different and consider a cumulative welfare for better world to serve future generation.

Coming to other option/approach is only specific to certain groups only and it does'nt through light on other's welfare.

To add more , "when you focus on one group of welfare success will be there but if you focus and prioritize together with better competency and required area success path is wide and opened"

So saving and serving the environment to future generation is high valued and required. By this we can able to match the ethical, moral and social responsibality.

7 0
3 years ago
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