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3 years ago

The unit of product is the cost object when the plantwide overhead rate method is used.

1 answer:

3 0

<span>The plantwide overhead rate method means </span>using overhead rate to allocate costs to products and includes <span>indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
</span><span>The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true. </span>

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In Lopez Company, total material costs are $36,400, and total conversion costs are $55,080. Equivalent units of production are m

Elina [12.6K]

Answer:

Material cost per unit = $3.64

Conversion cost per unit = $4.59

Manufacturing cost per unit = $8.23

Explanation:

1. Calculate the unit cost for materials:

Material cost per unit = $\frac{36,400}{10,000}$

Material cost per unit = $3.64

2. Calculate the unit cost for conversion costs:

Conversion cost per unit = $\frac{55,080}{12,000}$

Conversion cost per unit = 4.59

3. Calculate the total manufacturing costs:

Manufacturing cost per unit = Material cost per unit + Conversion cost per unit

Manufacturing cost per unit = $3.64 + $4.59

Manufacturing cost per unit = $8.23

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3 years ago

Ben really enjoys outdoor activities. When he isn't working, he's biking, hiking, sailing, or training to run marathons. Which o

Amanda [17]

Answer:

a) high-paying

Explanation:

As ben is an outdoor person and likes to have most of the time sent out, has the hiking and sailing or training and running marathons he could be least be focused on the jobs that are high or good-paying.

As ben enjoys his life and lives for the moment and thus thinks of location, flexible work schedules and other benefits. But does not rely on the high paying careers.

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3 years ago

Which of the skills are the most essential to be a successful leader? reading skills teamwork skills writing skills note-taking

Zolol [24]

I would say teamwork skills.

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3 years ago

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopo

MatroZZZ [7]

If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production and increase the price to maximize profits.

<h3>Who is a monopolist?</h3>

monopolist serves as the entity that dominates a particular market in term of production, he is the one that has the highest control of the market and make the most profits.

It should be noted that If a monopolist is producing a quantity where marginal revenue is equal to $32 and the marginal cost is equal to $30, the monopolist should increase production and lower the price to maximize profits decrease production .

Learn more about monopolist on:

brainly.com/question/13113415

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2 years ago

George, an unmarried cash basis taxpayer, received the following amounts during 2016:Interest on savings accounts$2,000Interest

madreJ [45]

Answer:

c. $3,150

Explanation:

The computation of the gross income is shown below:

= Interest on savings accounts + Interest on a State bond + Interest portion of proceeds of a 5% bank certificate of deposit + Dividends on USG common stock

= $2,000 + $600 + $250 + $300

= $3,150

We do not consider the school bonds as it would not be included in the gross income. So, we ignored it

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3 years ago