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Dovator [93]
4 years ago
5

Accurate Metal Company sold 34,000 units of it's product at a price of $290 per unit. Total variable cost per unit is $171, cons

isting of $157 in variable production cost and $8 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.A. $9,860,000B. $5,814,000C. $5,542,000D. $4,522,000
Business
1 answer:
juin [17]4 years ago
8 0

Answer:

option (D) $4,522,000

Explanation:

Data provided in the question:

Number of units sold = 34,000

Price per unit = $290

Total variable cost per unit = $171

Variable production cost = $157

Variable selling and administrative cost = $8

Now,

Manufacturing margin per unit = Selling price - Variable production cost

= $290 - $157

= $133

Therefore,

Total manufacturing margin

= Manufacturing margin per unit × Number of units sold

= $133 × 34,000

= $4,522,000

Hence,

The answer is option (D) $4,522,000

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A federal covered registered investment adviser completes a notice filing with the State on October 1st. This will:
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Answer:

This will:

C. expire on December 31st of the current year

Explanation:

A Registered Investment Adviser (RIA) can be an individual or company that provides investment advice portfolio management services for individuals who have a high net worth. A RIA has an obligation to it's client to offer advice and management in the client's best financial interest. One of the requirement of an RIA is to be registered by the Securities Exchange Commission or the state securities administrators. RIAs are usually paid based on the value of the assets they manage on behalf of their clients, usually 1% of the total value of the assets. RIAs usually operate on a fiduciary capacity. This means that they are held at a higher regard than registered representatives which means that their conduct towards the client's interest should be impeccable even if their own interest is at stake.

When an annual registration is made, it is valid only until December 31st of that particular year. Registrations and notice filings can be made by an agent, investment adviser or even and investment adviser representative. However, if a registered investment adviser renews their annual fee, the expiry date is carried forward to the following year.

6 0
3 years ago
The ___________ ____ __________ Endorsement area includes a variety of specialization areas within the world of work such as Agr
enot [183]

Answer:

b. Business & Industry

Explanation:

STEM (or Science, Technology, Engineering & Mathematics) includes different types of engineering, computer science, mathematics, and other fields.

Arts and humanities include archaeology, history, literature, philosophy, etc.

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4 0
3 years ago
What layout strategy deals with low-volume, high-variety production?A) fixed-position layoutB) retail layoutC) warehouse layoutD
inn [45]

Answer: What layout strategy deals with low-volume, high-variety production? E. Process-oriented layout

Explanation: A process oriented layout is used by companies to move items from one department of the company to another to keep the products moving in a sequenced fashion. An example of a process oriented layout is a clinic. When the patient first checks in, they wait in the waiting area. They next head back and usually get weight/height measurements and then head to the individual patients room. There are many steps in this process to work with the consumer.

6 0
3 years ago
The owner of a small retail store does her own accounting work. How would you measure the opportunity cost of her​ work? The opp
bonufazy [111]

Her opportunity cost is what she could have earned in that occupation instead of doing her own accounting work.

<h3><u>Explanation:</u></h3>

Opportunity cost refers to the loss of any gain that can be attained from the alternatives that are available, when one alternative is chosen by a person. For instance consider that a person has decided to go for a movie during his free time. The cost she spent for the movie can be spent to the things that can be more useful. For example investing in something which is the opportunity cost here.

The opportunity cost is also called as economic cost. It can be calculated by measuring the amount that the time of the owner to be obtained from the next best usage. For instance the owner can consider doing accounting work to some other firm than doing for his own firm. Thus he opportunity cost would be the amount that she can earn from the other firm than doing accounting work for her own company.

3 0
3 years ago
Cox, North, and Lee form a partnership. Cox contributes $183,000, North contributes $152,500, and Lee contributes $274,500. Thei
asambeis [7]

Answer:

$77,400

Explanation:

Lee's ratio = $274,500 / ($183,000 + $152,500+ $274,500)

Lee's ratio = $274,500 / $610,000

Lee's ratio = 0.45

Lee's ratio = 45%

Lee's ratio  = Lee's profit ratio

If the partnership reports income of $172,000.

Lee's income will be = 45%*$172,000 = $77,400

Thus, the amount of income to be credited to Lee's capital account is $77,400

4 0
3 years ago
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