Answer:
$23.45 per unit
Explanation:
Given that,
Units produced = 9,000 units
Direct labor = $7.25 per unit
Direct material = $8.00 per unit
Variable overhead = $5.50 per unit
Total production cost = $28.25 per unit
Fixed overhead:
= $67,500 ÷ 25,000 units
= $2.70 per unit
Total product cost per unit:
= Direct material cost per unit + Direct labor cost per unit + Variable overhead cost per unit + Fixed overhead
= $8.00 per unit + $7.25 per unit + $5.50 per unit + $2.70 per unit
= $23.45 per unit
Answer: Liability account
Explanation:
This is a case of looking it from bank's point of view or from the books of the bank.
Customer has deposited their money in the bank. For a certain fee. The money is secured by the bank and can be withdrawn by the customer anytime they want to. Hence cash is increased but it is still a liability for the bank since they do not have a claim to that money. It's the customers assets they are securing.
I<span>f your expenses exceeded your income, you should </span>reduce your variable cost. The variable cost is the controllable cost because it depends on the level of the output you are expected to have. These are costs that can be cut off by reducing the output level.
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