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xeze [42]
3 years ago
5

Mount Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required 5 direct labor hours to c

omplete. What is the total fixed cost if the variable cost was $1.50 per direct labor-hour? A. $2,600 B. $5,600 C. $1,700 D. $4,100
Business
1 answer:
Sophie [7]3 years ago
5 0

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Total cost = $8,600

Total units = 400 Units

Direct labor hour per unit = 5

Variable cost = $1.50

So, we can calculate the fixed cost by using following formula:

Fixed cost = Total cost - Total Direct labor cost

Where, Total direct labor cost = $1.50 × 5 × 400 = $3,000

By putting the value in the formula, we get

Fixed cost = $8,600 - $3,000

= $5,600

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If a software package is purchased, consider a _____, which offers additional support and assistance from the vendor.​
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If a software package is purchased, consider a supplemental maintenance package which offers additional support and assistance from the vendor. 


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An industry that has many companies offering the same basic product, but with some slight difference is
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An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

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3 years ago
Whenever Madelyn thinks about being a veterinarian, she experiences a positive, enthusiastic feeling. Because her feeling isn’t
dmitriy555 [2]

Answer:

The correct option is <u>C. intuition</u>

Explanation:

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3 years ago
Read 2 more answers
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Mama L [17]

Answer:

Please see answers below

Explanation:

1. Prepare an income statement for the year ended, December 31, 2021

Fightin' Blue Hems Corporation, Income statement for the year ended, December 31, 2021.

Details

$

Service revenue

500,000

Salaries expense

400,000)

Rent expense

20,000)

Depreciation expense

40,000)

Interest expense

5,000)

Earnings for the year

35,000

2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021

Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.

Details

$

Common stock

300,000

Retained earnings

60,000

Earnings for the year

35,000

Stockholder equity

395,000

3. Prepare a classified balance sheet as at 31, December

Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.

Details

$

Fixed assets

Equipment

400,000

Accumulated depreciation

135,000

Net fixed assets

265,000

Current assets

Cash

12,000

Accounts receivables

150,000

Prepaid rent

6,000

Supplies

30,000

Total current assets

198,000

Current liabilities

Accounts payable

($12,000)

Salaries payable

(11,000)

Interest payable

(5,000)

Working capital

170,000

Long term liabilities

Notes payable (due in two years)

(40,000)

Net total assets

395,000

Financed by;

Common stock

300,000

Retained earnings

60,000

Earnings for the year

35,000

Stockholder equity

395,000

4 0
3 years ago
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