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3 years ago

Income statement under absorption costing and variable costing

Business

1 answer:

Len [333]3 years ago

4 0

Answer:

unitary product cost= $102

Explanation:

Giving the following information:

Manufacturing costs Direct materials per unit $60

Direct labor per unit $22

Variable overhead per unit $8

Fixed overhead for the year $528,000

Units produced= 44,000

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed overhead:

Unitary fixed overhead= 528,000/44,000= $12

Now, the unitary product cost:

unitary product cost= 60 + 22 + 8 + 12

unitary product cost= $102

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Natasha2012 [34]

If increased government spending spurs a short-run expansion. The statement that complete the gap is: Shifts to the left, Output endresources.

<h3>What is aggregate supply?</h3>

Aggregate supply can be defined as the overall amount of goods and service that a firm intend to produce and supply at a point in time or at a particular period of time.

If an increase in government spending lead to short run expansion this means that there will be shift in aggregate supply of goods and service as aggregate supply will tend to shift to the left.

Therefore the statement that complete the gap is: Shifts to the left, Output endresources.

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2 years ago

"Investment X offers to pay you $5,800 per year for 9 years, whereas Investment Y offers to pay you $8,600 per year for 5 years.

Butoxors [25]

Answer:

Present value of investment X = $41,225.37

Present value of investment Y = $37,233.50

Explanation:

The present value of the cash flows can be found by discounting the cash flows at the discount rate.

This can be found using a financial calculator

Cash flow each year from year 1 to 9 for investment X = $5,800

Discount rate = 5%

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Discount rate = 5%

Present value = $37,233.50

I hope my answer helps you

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3 years ago

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of mone

Alex787 [66]

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Naddik [55]

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3 years ago

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Oxana [17]

Answer:

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