Answer:
the artist should make the elegant version since the expected profits are higher
Explanation:
elegant version:
expected revenue = (400 x $150 x 40%) + (350 x $110 x 60%) = $47,100
expected profits = $47,100 - $30,000 = <u>$17,100</u>
deluxe version:
expected revenue = (500 x $110 x 40%) + (450 x $70 x 60%) = $47,100
expected profits = $42,250 - $30,000 = $12,250
Barack Obama is the President of the US
Answer:
Production cost per unit $80.59
Explanation:
The computation of the production cost per unit using absorption costing is shown below:
Direct labor per unit $28
Direct material per unit $29
Variable overhead per unit $20 ($760,000 ÷ 38,000 units)
Fixed overhead per unit $3.59 ($136,420 ÷ 38,000 units)
Production cost per unit $80.59
We simply added all the cost per unit so that the production cost per unit could come
Answer:
Direct labor rate variance= $1,666 favorable
Explanation:
Giving the following information:
The company produced 5,200 units in January using 2,380 direct labor-hours.
The actual direct labor rate was $19.30 per hour
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
<u></u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (20 - 19.3)*2,380
Direct labor rate variance= $1,666 favorable
