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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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All standalone pdp formularies have a ___-tier structure for 2022.

Mekhanik [1.2K]

All standalone PDP formularies have a Five-tier structure for 2022.

This is based on the regulations laid down by the Centers for Medicare & Medicaid Services (CMS).

Also, based on CMS directives, Wellcare 2022 Prescription Drug Plan (PDP), Consolidation has reduced the standalone PDP offerings to three plans.

The current practice is six plans in about 34 regions across all 50 states and D.C.

Hence, in this case, it is concluded that " All standalone PDP formularies have a Five-tier structure for 2022."

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2 years ago

Nolan Company's cash account shows a $22,064 debit balance and its bank statement shows $22,531 on deposit at the close of busin

Bezzdna [24]

Answer:

Nolan Company

Bank Reconciliation

June 30

Balance per cash book 22,064

Less: Bank Service charges ( 24)

Add: Error in recording payment ( $ 59- $ 50) 9

Add: Interest earned 27

Adjusted balance per cash book 22,076

Balance per bank statement 22,531

Less: Outstanding checks ( 2,655)

Add; Deposits in Transit 2,200

Adjusted balance per bank statement 22,076

Explanation:

The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of $ 50 results in an overpayment and the correction needs to be added to the cash book balance

the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.

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3 years ago

In addition to an annual base salary of $1.3 million, Heather Bresch, CEO of Mylan Pharmaceuticals, also received 6.4 million US

Viefleur [7K]

Answer: C. Top level managers may pursue their own interests over that of the company.

Explanation:

The scenario given in the question explains that top level managers may pursue their own interests over that of the company.

In the case of sole proprietorship or partnership business, the revenue generated by the firm or the profit made belongs to the owners. In the case of of a Corporation, this isn't the case as the revenue should be used for Shareholders benefits. Sometimes, there may be a conflict of interest which may then bring about a situation whereby the top level managers pursue their own interests over that of the company.

Hence, the correct option is C.

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2 years ago

Many multinational companies have found that they need to alter their products to meet regulations or consumer preferences in ot

sladkih [1.3K]

Answer:

The correct answer is d) Sell single-serve packets of shampoo or soap at a low price.

Explanation:

When producing a product, companies usually take into account the population towards which it is directed and, through the needs of the client, carry out the products.

For example, in the case of multinational companies that export their products to countries such as Indonesia, Pakistan, and Sri Lanka, they observed that the prices of their products are not accessible to their customers due to the economic factor, so they must take other strategies.

Therefore, through the analysis made by the multinationals to these new products, they consider the sale of shampoo and soap at a more accessible price for the benefit of the clients and the company, so it can continue marketing.

I hope this information can help you.

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2 years ago

An apartment building contains twenty units. Each unit rents for $900 per month. The vacancy rate is 5%. Annual expenses are $17

sergij07 [2.7K]

Answer:

The question is missing below options:

A.7.6%

B.8.9%

C.12.48%

D.22.05%

The correct option is C,12.48%

Explanation:

Note the difference between my 12.49% and the 12.48% is due rounding error.

The computation is shown below:

Annual property rent ($900*20*12) $216,000.00

Less; provision for vacancy (5%* 216,000) ($10,800.00)

Effective gross income $205,200.00

deduct:

maintenance expenses ($17,500.00)

Insurance ($7,200.00)

taxes ($7,500.00)

Utilities ($6,400.00)

management fee(10%*$205,200) ($20,520.00)

Net operating income $146,080.00

Property investment $1,170,000.00

Investor's rate of return(net operating income/initial investment)

investor'r rate of return=$146,080/$1,170,000=12.49%

5 0

3 years ago