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Slav-nsk [51]
3 years ago
11

Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20

per unit Overhead costs for the year Variable overhead $ 10 per unit Fixed overhead $ 160,000 Units produced 20,000 unitsCompute the production cost per unit under variable costing.
Business
2 answers:
kirill115 [55]3 years ago
7 0

Answer:

Unitary variable cost= $40

Total variable cost= $800,000

Explanation:

Giving the following information:

Direct materials $ 10 per unit

Direct labor $ 20 per unit

Overhead costs for the year Variable overhead $ 10 per unit

Fixed overhead $ 160,000

Units produced 20,000 units

Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40

Total variable cost= 20000units* 40= $800,000

MArishka [77]3 years ago
3 0

Answer:

$40 production cost under variable costing.

Explanation:

In order to solve this you just have to know the options and the properties that Variable Costing includes:

Variable costing includes:

Direct materials.

Direct labor.

Variable overhead.

So this costs are the ones that need to be added in order to calculate the production cost under variable costing:

Variable overhead: $10

Direct Materials: $10

Direct labor: $20

Total production cost: $40

So the production cost under variable costing: $40

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If an efficient quantity of soybeans are produced and sold in the US market, then the market price of soybeans will be equal to:
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d) A and B are both correct.

Explanation:

Efficient quantity of soybeans  is a quantity supplied to the market at which the price the supplier of soybeans is ready to take is what the customers are ready to pay. This happens mostly when the market is experiencing a stable equilibrium to a certain degree in the soybean market, that is a state of rest. The supply price is, its marginal cost and demand price is the marginal benefit of an additional unit.

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3 years ago
A general decrease in wages will result primarily in the _____ curve shifting to the _____. aggregate demand; left short-run agg
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A general decrease in wages will result primarily in the aggregrate demand curve shifting to the shifting to the right.

<h3>What is the impact in the decrease in wages? </h3>

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2 years ago
Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as
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D. Debit work in process debit manufacturing overhead …..
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3 years ago
Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 p
ycow [4]

Answer:

6.52%

Explanation:

For computing the nominal yield to call, first we have to find out the present value by applying the present value formula which is shown in the attachment below:

Future value = $1,000

Rate of interest = 6.50% ÷ 2 = 3.25%

NPER = 15 years  × 2 = 30 years

PMT = $1,000 × 8.25% ÷ 2  = $41.25

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $1,166.09

Now to determine the yield to call we use the RATE formula that is shown in the attachment below:

Present value = $1,166.09

Future value or Face value = $1,120

PMT = $1,000 × 8.25% ÷ 2  = $41.25

NPER = 6 years × 2 = 12 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

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= 3.26% × 2 years

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8 0
3 years ago
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