Answer:
Unitary variable cost= $8.08
Contribution margin= $15.92
Explanation:
Giving the following information:
Direct materials $4.98
Direct labor 2.10
Variable factory overhead 1.00
The variable cost per unit is the sum of direct material, direct labor, and variable overhead.
Unitary variable cost= 4.98 + 2.1 + 1= $8.08
The contribution margin per unit is the difference between the selling price and the unitary variable cost:
Contribution margin= 24 - 8.08= $15.92
Answer:
C) Inventory xxx Accounts Payable xxx
Explanation:
Accounts payable is a liability, and a liability always has a credit balance, as the amount is due to them. The company needs to pay them back.
Accordingly the company buys inventory and the inventory is an asset and thus, the company will debit the inventory account.
Whenever any purchases are made, or any service is utilized on credit then the company creates an accounts payable as a liability as against it.
I think it’s D. All of the above
<span>C.K. Prahalad was a teacher at the University of Michigan and very influential business thinker.</span><span>
According to C.K. Prahalad, the first stage of globalization is </span>when companies produce goods in one country and export them to other countries.
The second stage is when global businesses establish subsidiaries to handle the exports from their home country and at the third stage global firms set up operations in other countries.
