1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Which of these approaches will NOT accelerate the completion of a project? Group of answer choices Increase the bureaucratic ove
kogti [31]

Answer:

The correct answer is letter "A": Increase the bureaucratic oversight.

Explanation:

Bureaucratic entities have a well-structured hierarchy that must be respected by all employees. Workers have to transmit information from one unit to the next department in the hierarchy and the process is repeated until the message is received by a representative with decision-making who is a manager.  

<em>Bureaucratic organizations processes are slow due to centralized decision-making. In an attempt to accelerate the completion of a project the bureaucratic schemed must be avoided. Increasing resource productivity, the working method or adding more employees and machinery to a project is beneficial to expedite its completion.</em>

8 0
3 years ago
A company's environment consists of both a microenvironment and a macroenvironment — forces outside of marketing that affect a m
Kitty [74]

Answer:

<u>Macro-environment:</u>

  • Media: The low positioning of the Colorado School framework is getting a great deal of inclusion in predominant press and online life  
  • GenX: GenX's posterity are starting to enter auxiliary schools. This age requests a tech-rich encounter for it's youngsters  
  • Monetary Downturn: As the economy eases back, less families can bear to send their children to tuition based school, bringing about expanded government funded school enlistments  

<u>Micro-environment:</u>

  • Bring your own tech More schools are urging their understudies to cell phones and tablets to class which permits students to discover data online instead of in reading material.  
  • Finance Department: Financial investigators propose that a 10% cut in costs is vital one year from now to expand Gerfachs return on deals  
  • Contenders: Gerfach faces expanding rivalry from firms that produce digital books as it were

6 0
3 years ago
Read 2 more answers
Which of the following are reported on the income statement as part of cost of goods? a.administrative expenses b.operating expe
kenny6666 [7]

Answer:

Cost of goods manufactured

Explanation:

Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.

4 0
3 years ago
Some countries share a common currency (e.g., those that participate in the euro), while some other countries peg their currenci
nikklg [1K]

Answer:

The potential of additional regional currencies such as the euro is very important, and for this reason, many economists support the idea. In fact, John Maynard Keynes, one of the most influential economists in history, once proposed not a regional common currency, but a common global currency.

The potential lies in the fact that regional currencies allow to coordinate a common monetary policy in several countries. This common policy means that several countries now have the same interest rates, the same rate of inflation, and the same currency itself, and all these commonalities facilitate the exchange of goods and services.

While the Euro has had drawbacks since its inception, the Euro has survived, and is now one of the strongest curriencies in the world.

If you support the concept, should those currencies be tied to regional economic blocs?

I support the concept, and I agree that they should be tied to regional economic bloc. It would not be very effective to adopt a common currency for countries that are not economically integrated in other areas.

4 0
3 years ago
The speed and ease by which an asset can be converted into cash is referred to as its risk. liquidity. diversity. safety.
balandron [24]
<span>The answer to the question stated above is liquidity.

The ease with which an asset can be converted quickly into cash with little or no loss of purchasing power is liquidity.

>>>Money is said to be perfectly liquid, whereas other assets have a lesser degree of liquidity.</span>
8 0
3 years ago
Other questions:
  • The Second Bank of the United States was controlled by __________.
    5·2 answers
  • One of the most common forms of segmenting consumer markets uses characteristics such as age, income, household size, and/or eth
    15·1 answer
  • The unemployment rate is the: percentage of the total population that is unemployed. number of employed workers minus the number
    8·2 answers
  • Unlike in joint ventures, in contract manufacturing, _____.
    5·2 answers
  • A timeline is not a graphic organizer. Please select the best answer from the choices provided True or False
    15·2 answers
  • If a loan is risky and extends for more than a year what will a lender ask for
    8·1 answer
  • Eaton Electronic Company’s treasurer uses both the capital asset pricing model and the dividend valuation model to compute the c
    5·1 answer
  • Some hospitals in the United States find that their need for radiologists to read X-rays is volatile during the evening and earl
    15·1 answer
  • Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory
    15·1 answer
  • Economists who believe in sound finance would say that in a recession, the government should:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!