B. Elements of your business plan
Answer:
correct option is (B) $94.50
Explanation:
given data
Units produced = 46,000 units
Direct labor = $39 per unit
Direct materials = $32 per unit
Variable overhead = $21 per unit
Fixed overhead = $115,000
to find out
product cost per unit under absorption costing
solution
we find Fixed overhead that is
fixed overhead =
fixed overhead = 2.5
so
total cost that is
total cost = Direct labor + Direct materials + Variable overhead + Fixed overhead
product cost = $39 + $32 + $21 + $2.5
product cost = $94.50
so correct option is (B) $94.50
Answer:
16.80% and 39.43%
Explanation:
The formula to compute the net profit margin is shown below:
Net profit margin = Net income ÷ Total revenues × 100
For Travel lite, the net profit margin is
= $1,080 ÷ $6,430 × 100
= 16.80%
And, for fare line, the net profit margin is
= $3,020 ÷ $7,660 × 100
= 39.43%
By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company
It is always expressed in percentage
Answer and Explanation:
The computation is shown below:
For Direct labor rate variance, it is
= (Actual rate - Standard rate) × Actual hour
= ($14.5 - $14.8) × 2,430 hours
= $729 favorable
For Time variance, it is
= (Actual hours - standard hours) × standard rate
= (2,430 hours - 2,390 hours) × $14.80
= $592 unfavorable
So, the Total labour cost variance is
= $729 favorable + $592 unfavorable
= $137 favorable
Answer:
brainstorming method i choose this because no one can judge on what i suggest because sometimes i feel so underestimated