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tekilochka [14]
3 years ago
7

he Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The following information applies to the questions displayed belo

w.] Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.00 Direct labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.00 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Foundational 1-1 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
3 0

Answer:

Total product cost= $150,000

Explanation:

Giving the following information:

10,000 units:

Direct materials $ 6.00

Direct labor $ 3.50

Variable manufacturing overhead $ 1.50

Fixed manufacturing overhead $ 4.00

<u>The product cost is the sum of direct material, direct labor, and total overhead. </u>

First, we need to calculate the total fixed overhead:

Fixed overhead= 4*10,000= $40,000

Now, the total product cost:

Total product cost= 10,000*(6 + 3.5 + 1.5) + 40,000

Total product cost= $150,000

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mafiozo [28]

Answer:

c. Status Update and Announcements

Explanation:

By keeping customers up-to-date with the recent development and also making announcements in your business the customer will be carried along properly in other to create a continuous and long lasting customer relationship.

For example: Social media or mailing notifications - updates are being passed across through selected means to customers before logging in into the platforms which has lead to the increase and continuous use of both platforms effectively.

7 0
3 years ago
Why have many nations chosen to use taxpayer dollars to subsidize primary, secondary, and higher education
Alona [7]

Answer and Explanation:

This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.

Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.

1. Better health outcomes due to breakthroughs in research.

2. Reduction in Crime rates

3. Better environment

4. Also a better government

Are reasons for using taxpayers dollars to subsidize all these levels of education.

3 0
3 years ago
On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420  × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0
3 years ago
The complement of 35% is:
Lena [83]
<span>100%-35%=65% 

the compliment of 35% is 65%

</span>
6 0
3 years ago
__________ showed that people learn to behave in certain ways because of reinforcement. A. John B. Watson B. B. F. Skinner C. Wi
HACTEHA [7]

Answer:

The answer is B.F. Skinner.  

Explanation:

B.F. Skinner showed that people learn to behave in certain ways because of reinforcement. He is considered the father of this theory. Conversely, Sigmund Freud proposed classical conditioning.

6 0
3 years ago
Read 2 more answers
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