Answer:
$73.86 per unit
Explanation:
The computation of the cost per unit under the absorption costing is as follows
= Direct material per unit + Direct labor per unit + variable overhead per unit + fixed overhead per unit
where,
Variable overhead cost per unit
= $288,000 ÷ 36,000 units
= $8 per unit
And, the fixed overhead cost per unit is
= $102,920 ÷ 36,000 units
= $2.86 per unit
So the cost per unit is
= $32 + $31 + $8 + $2.86
= $73.86 per unit
<em>Here's the remaining part of the question</em><em>:</em>
<em>Please analyze and place each item in the appropriate financial statement to which it belongs;</em>
<em> Revenues, Long-term liabilities, Owner's equity, Insurance expense, Land, Patents, Costs of Goods Sold, Income tax, Advertising expense, Insurance expense, Net change in cash, Accounts Receivable</em>
<u>Explanation</u>:
1. Balance Sheet: Note that this financial statement usually shows the asset and liabilities of the firm's account for a particular period of time. These items are found:
- Owner's equity,
- Patents,
- Long-term liabilities
- Accounts Receivable
- Land
2. Income Statement: this financial statement is primarily focused on the revenues and expenses expenses of the firm. Items found includes;
- Revenue,
- Costs of Goods Sold,
- Advertising expense,
- Income tax,
3. Statement of cash flow
Answer:
Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.
Cheers!
I'm guessing this is True or False
If so, the answer is False.
Answer:
The correct answer is: Management Discussion and Analysis.
Explanation:
Management Discussion and Analysis or MD&A is the section of the financial statement that provides a subjective point of view of the firm's perspective on the same organization. The MD&A is part of the Securities Exchange Commission (<em>SEC</em>) form 10-K and highlights the company's expectations on its operations, liquidity, and capital resources.
