Answer:
Unitary product cost= $54
Explanation:
Giving the following information:
Production= 23,000 units
Direct materials= $23 per unit
Direct labor= $19 per unit
Variable overhead= $276,000
<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>
First, we need to calculate the unitary variable overhead.
Unitary overhead= 276,000/23,000= $12 per unit
Unitary product cost= 23 + 19 + 12= $54
Answer:
B) Credit to refund liability of $280,000
Explanation:
The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.
Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000
Since the refund liability account must increase, and it is a liability account, it should be credited.
Answer: a. appropriations exceed estimated revenues
Explanation:
A Budgetary Fund Balance is simply an account that Government agencies and Departments have to calculate the difference between expected inflows and Outflows for the period that a budget covers.
It is a temporary account with it's balance going to the General fund. If it is debited in the General fund then that means that Appropriations approved for the period are more than the revenues expected. The reverse is true.
Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200. US Real GDP for 2010 is 7.5%.
<h3>Real GDP</h3>
Using this formula
GDP=Nominal GDP/GDP deflator×100
Where:
Nominal GDP=$15 trillion
GDP deflator=200
Let plug in the formula
GDP=$15 trillion/200×100
GDP=7.5%
Therefore US Real GDP for 2010 is 7.5%.
Learn more about Real GDP here:brainly.com/question/6348208
