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3 years ago

LO 2.2Which of the following is not considered a product cost?

Business

1 answer:

Usimov [2.4K]3 years ago

7 0

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

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What is the connection with the company Unocal and the Country of Burma?

balu736 [363]

Answer:

Unocal was attracted to Burma for several reasons. First, labor was cheap and relatively educated. Second, Burma was rich in natural gas resources. Third, Burma was an entry point into other international markets, particularly in and around Southeast Asia. Finally the political environment was extremely stable.

Explanation:

5 0

3 years ago

On July 1, 2019, Noble, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2025. The bonds were iss

gladu [14]

Answer:

$322,400

Explanation:

Calculation for At June 30, 2021, Noble's unamortized bond discount

First step is to calculate unamortized bond for 2019-2020

Unamortized bond 2019-2020= $9,560,000 + [($9,560,000 × .1) - ($10,000,000 × .09)]

Unamortized bond 2019-2020=$9,560,000 + [($9,560,000 - $900,000)]

Unamortized bond 2019-2020=$9,560,000 + $56,000

Unamortized bond 2019-2020= $9,616,000

Second step is to calculate Unamortized bond for 2020-2021

Unamortized bond 2020-2021= $9,616,000+ [( × $9,616,000.1) - ($10,000,000 × .09)]

Unamortized bond 2020-2021=$9,616,000 + ($961,600 - $900,000)

Unamortized bond 2020-2021 = $9,677,600

Now let calculate unamortized bond discount

Unamortized bond discount =$10,000,000 - $9,677,600

Unamortized bond discount = $322,400

Therefore At June 30, 2021, Noble's unamortized bond discount should be $322,400

4 0

3 years ago

Where could an identity theft access your personal information?

lisov135 [29]

C is correct answer ......

6 0

3 years ago

Despite new technologies like personal MP3 players and music online, traditional radio continues to see billions of dollars in a

saveliy_v [14]

Answer: rigid customer base

Explanation: The reason behind the ongoing success of radio industry is that over 90% of individuals in the world, especially in western countries, still listens to audio in their free time once or twice in a given week, thus making it an attractive platform for different business entities to advertise their products.

Thus, because of that rigid customer base, the radio industry is still making millions.

3 0

3 years ago

Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce

likoan [24]

Answer:

A- $ 50 Electricity

$ 75 Office suplies

$ 125 Total explicit costs

B- $ 300 Rent

$10000 Lost of salary for quitting his job

$ 10300 Total implicit cost

C- $ 125 Total explicit costs

$ 10300 Total implicit cost

$ 10425 Total economic cost

Explanation:

A- Explicit costs are observable (such as salaries paid to employees, material costs, taxes, etc.) and are paid with cash.

B- Implicit costs are those incurred for giving up an alternative use of a specific resource, but no cash outlay is made. In this case, $ 300 that is no longer earned by using the garage as an office and $10000 lost each month for quitting his job.

C- The sum of the implicit and explicit costs determines the total economic cost

7 0

3 years ago