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finlep [7]
3 years ago
12

Seahorse Incorporated, which only has one product, has provided the following data concerning its most recent month of operation

s. Description Amount Selling Price $120 Units in beginning inventory 0 Units produced 1,900 Units sold 1,300 Units in ending inventory 600 Variable Costs Per unit Direct materials $42 Direct labor $31 Variable manufacturing overhead $11 Variable selling and administrative expense $9 Fixed Costs Per month Fixed manufacturing overhead $43,700 Fixed selling and administrative expense $35,000 Question Select Your Answer Question 1: What is the unit product cost for the month under absorption costing
Business
1 answer:
ra1l [238]3 years ago
7 0

Answer:

Unit product cost = $107

Explanation:

<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rate</em>

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads

Fixed production overhead cost per unit

=Fixed manufacturing overhead/units produced

=  $43,700/ 1,900 Units

=$23 per unit

Full cost per unit

= $42  + $31 + $11 + 23

= $107

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Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common
Viktor [21]

Answer:

June 30, repurchase of 100 shares:

Dr Treasury stock 4,000

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Explanation:

The other journal entries should be as follows

July 20, resale of 50 shares:

Dr Cash 2,300

    Cr Treasury stock 2,000

    Cr Additional paid in capital 300

August 1, resale of 20 shares:

Dr Cash 760

Dr Additional paid in capital 40

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3 0
3 years ago
TechSmart employees receive annual pay raises and stock allocations on the basis of performance evaluations that assess individu
Goryan [66]

TechSmart managers are implementing distributive justice.

<h3>What is distributive justice?</h3>

Employees experience distributive justice when they think that results are fair. These results can be measurable, like pay, or intangible, like appreciative remarks. In the event that staff members feel fairly compensated or handled, distributive justice is achieved. When equal effort does not result in equal rewards or when a person or group obtains an excessive amount of goods, distributive justice is lacking.

When equals enjoy the same distribution of benefits, distributive justice has unquestionably been attained. In a constitutional democracy, governmental policies that guarantee social security or healthcare to all retirees and the old are examples of distributive justice.

Learn more about distributive justice here:

brainly.com/question/17510777

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7 0
2 years ago
According to the classification of enterprise resource planning (ERP) vendors, _____ vendors target medium-sized firms with annu
Zolol [24]

Answer:

Option C Tier 2

Explanation:

the reason is that the tier 2 vendors targets firms that are of medium sizes which means the revenue of such organization ranges between $20m to $1 billion. And this falls under the classification of Enterprise resource planning. According to a market research 200,000 US companies have met the condition for medium sized organization.

The above explanation provides reasons why option C is correct.

3 0
3 years ago
You are the boat operator. when are you required to assist anyone injured in an accident?
trapecia [35]
As a boat operator, the law make it mandatory that you should stop and assist other boaters who are involves in accidents if there is no danger to you, your passengers or your boat. People who render assistance at boat accident scenes are not hold liable for any civil damage because of the assistance they render.
6 0
3 years ago
Question 2 of 8
sveta [45]

Answer:

This type of income is known as non-operating income in the financial statements

Explanation:

Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.

6 0
2 years ago
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