<h3>Answer:</h3><h2>(C) Market Research</h2><h3>Explanation:</h3>
Market research is the method of getting information about your market. Preferably, this is precise information about your target market and the key determinants that control their buying decisions. Market research can be irregular and limited in scope and, although it may not be “statistically significant” research, it can still be helpful.
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Answer:
1. $5.62
2. $15,174
Explanation:
1. The computation of the cost of one unit of product under variable costing is shown below:-
Total product cost = Direct material + Direct labor + Variable overhead
= $123,000 + $93,000 + $65,000
= $281,000
Unit product cost = Total product cost ÷ Produced units
= $281,000 ÷ $50,000
= $5.62
2. The computation of cost of ending inventory under variable costing is shown below:-
Unsold at end = Unit produced - Unit sold
= 50,000 - 47,300
= 2,700
Cost of ending inventory = Number of units sold × Unit product cost
= $5.62 × 2,700
= $15,174
Answer:
Emily’s cost basis in the new building is $900,750.
Explanation:
Cost basis in the new building
= Purchase price of building + legal fees + Cost of interior design
= $895,000 + $450 + $5,300
= $900,750
Therefore, Emily’s cost basis in the new building is $900,750.
Answer: $5 per machine hour
Explanation:
Given the following :
Estimated manufacturing overhead cost = $550,000
Expected machine-hour to be incurred = 110,000
Actual manufacturing overhead = $575,000
Actual machine hour incurred = 120,000
The manufacturing overhead application rate:
Expected manufacturing overhead cost / Expected machine hour to be incurred
= $550,000 / 110,000 machine hour
= $5 per machine hour
