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
larisa86 [58]
3 years ago
15

Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of u

nits produced 5,700 Variable costs per unit: Direct materials $ 30 Direct labor $ 23 Variable manufacturing overhead $ 14 Variable selling and administrative expense $ 3 Fixed costs: Fixed manufacturing overhead $ 495,900 Fixed selling and administrative expense $ 410,400 There were no beginning or ending inventories. The variable costing unit product cost was:
Business
1 answer:
Rasek [7]3 years ago
5 0

Answer:

Unit product cost= $67

Explanation:

Giving the following information:

Direct materials $30

Direct labor $23

Variable manufacturing overhead $14

<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and variable manufacturing overhead:</u>

Unit product cost= 30 + 23 + 14= $67

You might be interested in
Aluminum maker Alcoa has a beta of about 1.85​, whereas Hormel Foods has a beta of 0.39. If the expected excess return of the ma
Nady [450]

Answer and Explanation:

The computation is shown below:

As we know that

According to the Capital Asset Pricing Model (CAPM) formula

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

And, the market rate of return - Risk-free rate of return is also known as the market risk premium

As we can see that the Alcoa contains high beta as compared to Hormel Foods so the Alcoa has a higher equity cost of capital

And, the higher rate is

= (Excess return of the market) × (Alcoa beta - Hormel foods beta)

= (3%) × (1.85 - 0.39)

= 3% × 1.46

= 4.38%

8 0
3 years ago
A magazine company's Unearned Revenue account had a balance of $12,700 on January 1, 2013. On December 31, 2013, as part of the
crimeas [40]

Answer:

The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

Explanation:

Let cash received from customers be x :

$12,700 + x - $14,800 = $12,300

                                  x = $14,400

Therefore, The  amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.

8 0
3 years ago
Use the following information for ECE incorporated: Shareholder Equity $100 million Assets $200 million Sales $300 million Net I
Zepler [3.9K]

Answer:

6.0

Explanation:

Market to book ratio is calculated as ; Market capitalization / Net book value.

Where,

Market capitalization = Price per share × Total shares outstanding

= $24 × 25,000,000 shares

= $600,000,000

Then,

Net book value = Total assets - Total liabilities

= $200,000,000 - $100,000,000

= $100,000,000

Therefore,

Market to book ratio = $600,000,000 / $100,000,000

= 6.0

8 0
3 years ago
ABC Corporation distributes property to its sole shareholder, Andre. The property has a fair market value of $350,000, an adjust
saul85 [17]

Answer:

ABC has a gain of $145,000 and Andre's dividend income is $130,000

Explanation:

Property ABC issued, has the following:

fair market value = $350,000

Adjusted basis = $205,000

Liability = $220,000

Calculate ABC's Corporation gain:

Gain = market value - Adjusted basis

= $350,000 - $205,000

= $145,000

ABC has a gain of $145,000

Calculate Andre's dividend income since he is the sole shareholder:

Dividend earnings = fair market value - liability

= $350,000 - $220,000

= $130,000

Andre's dividend income is $130,000

Correct option is D.

With respect to distribution, ABC has a gain of $145,000 and Andre's dividend income is $130,000

8 0
3 years ago
Under which tab and group can you find the control to add a section to a presentation?
Tpy6a [65]

Answer: the answer is B

6 0
3 years ago
Read 2 more answers
Other questions:
  • A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. it
    14·1 answer
  • Percy gray, a professional nature photographer, is planning to buy a camera. recently, when he came across an ad in a magazine,
    7·1 answer
  • As an upper level manager in his organization, Lionel Tucker has been asked to mentor a less experienced, lower-level employee.
    6·1 answer
  • __________ is the process by which representatives of a union meet with representatives of management to negotiate a contract fo
    14·1 answer
  • A company has an ending accounts receivable balance of $900,000 and estimates that uncollectible accounts will be 2% of its acco
    5·1 answer
  • Yolanda has osteoarthritis of the left knee for which she is receiving acetaminophen 1000mg every six hours. She rates her pain
    7·1 answer
  • Jason just joined a new gym and signed up for a one-year membership. Membership fees can be paid in 12 monthly payments of $50,
    12·1 answer
  • On June 30, 2017, Wisconsin, Inc., issued $200,200 in debt and 19,300 new shares of its $10 par value stock to Badger Company ow
    14·1 answer
  • Spindler, Inc. (a U.S.-based company), imports surfboards from a supplier in Brazil and sells them in the United States. Purchas
    12·1 answer
  • Part of the budgeting process is summarizing the financial statement effects on the budgeted income statement and the budgeted b
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!