1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tanzania [10]
3 years ago
14

The following costs were incurred in May: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative e

xpenses $33,000 $13,000 $ 23,000 $16,000 $34,000 Prime costs during the month totaled: $36,000 $46,000 оооо $69,000 $119,000
Business
1 answer:
Kaylis [27]3 years ago
6 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Direct materials= 33,000

Direct labor= 13,000

Manufacturing overhead= 23,000

The prime cost is the sum of total direct material and total direct labor. The conversion cost is the sum of direct labor and allocated overhead.

Prime cost= direct material + direct labor

Prime cost= 33,000 + 13,000= $46,000

You might be interested in
Pattison Corporation is a service company that measures its output by the number of customers served. The company has provided t
777dan777 [17]

Answer:

B. $1,500 F

Explanation:

                                          Flexible    Planning     Activity  

                                          Budget     Budget      Variance

Customer served (q)             17             20  

Travel expense ($500q)   $8,500     $10,000     $1,500 (Favorable)

Workings

<u>Travel Expense </u>at 500q

Flexible budget = 500 * (17) = $8,500

Planning budget = 500 * (20) = $10,000

5 0
3 years ago
Inflows or other enhancements of assets or settlements of an entity's liabilities from delivering or producing goods, rendering
VladimirAG [237]

Answer:

REVENUES

Explanation:

Revenue, often referred to as sales, is the income received from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income on a company's income statement from which all charges, costs, and expenses are subtracted to arrive at net income.

4 0
3 years ago
Intellectual Property can be protected by
mash [69]
The answer you are looking for is copyright
5 0
3 years ago
Managers make assumptions in CVP analysis. These assumptions include: (Check all that apply.) Multiple select question. some uni
BigorU [14]

The assumptions that are made in CVP analysis includes the following:

  • costs can be classified as variable or fixed.
  • costs are linear within the relevant range.
  • constant fixed cost per unit.

<h3>What is CVP analysis?</h3>

Cost Volume Profit analysis is the type of analysis that has to do with the cost accounting. This type of analysis is one that takes the impact of the various costs and volume on profit.

It helps to check how the changes that occur in the variable and the fixed cost affect profit.

Read more on CVP analysis here:

brainly.com/question/26654564

#SPJ1

4 0
2 years ago
The perfectly competitive price and output level occur where
jasenka [17]

Answer:

It occur where MR = MC

Explanation:

Perfectly competitive organization or firm is the one who is price taker, which states that they must accept the price at which it sells the goods to consumer.

In a firm that is a perfectly competitive, the level of output  as well as the price happen where the Marginal Cost is equal to the Marginal Revenue.

It is stated as MR = MC.

7 0
3 years ago
Other questions:
  • You consider buying a share of stock at a price of $31. the stock is expected to pay a dividend of $2.58 next year, and your adv
    12·1 answer
  • Based on the data provided, which statement about the total cost for one year is true?
    7·2 answers
  • Anthony notices that his Discover Card statement gives the company's Web address (Discovercard) and directs him there to pay his
    13·1 answer
  • Osion Electronics Inc. incurs a cost of $350 to produce one unit of a cell phone. The company's management has priced the produc
    12·1 answer
  • Which term describes the situation wherein a jury fails to reach a unanimous verdict?
    15·1 answer
  • Dole Corp.'s accounts payable at December 31, 2020, totaled $900,000 before any necessary year-end adjustments relating to the f
    7·1 answer
  • 4-8 A manufacturing firm spends $350,000 annually for a required safety inspection program. A new monitoring technology would el
    11·1 answer
  • The following selected information was extracted from the 20x1 accounting records of Lone Oak Products:
    8·1 answer
  • Marking brainliest! What is an example of a public corporation?
    13·2 answers
  • What is the calculation used to determine the estimated annual interest amount a borrower will pay on a loan?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!