Answer:
$115,000
Explanation:
Given that
Cost of direct material = 5 per unit
Direct labour = 3 per unit
Variable = 4 per unit
Fixed overhead = 189000
Unit produced = 21000
Therefore,
Value of ending inventory under absorption costing = 5 + 3 + 4 + (189000/21000)
= 5 + 3 + 4 + 9
= 21 per unit × 5500 unit
= $115,000
Answer:
The answer is: A) Initial public offering
Explanation:
An initial public offering (IPO) of a corporation happens when it sells shares of its stock on the open market for the first time. Corporations use IPOs to raise capital, usually to fund growth strategies and operations.
Many times an IPO is referred to as a company going public, since before an IPO a company is considered private.
