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
UNO [17]
3 years ago
10

g A manufacturing company that produces a single product has provided the following data concerning its most recent month of ope

rations: Selling price $ 131 Units in beginning inventory 0 Units produced 3,320 Units sold 2,890 Units in ending inventory 430 Variable cost per unit: Direct materials $ 45 Direct labor $ 15 Variable manufacturing overhead $ 7 Variable selling and administrative $ 19 Fixed costs: Fixed manufacturing overhead $ 92,960 Fixed selling and administrative expenses $ 28,900 The total gross margin for the month under absorption costing is:
Business
1 answer:
JulijaS [17]3 years ago
6 0

Answer:

$104,040

Explanation:

For the computation of total gross margin for the month under absorption costing first we need to compute the total unit product cost which is shown below:-

Total unit product cost = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead

= $45 + $15 + $7 + ($92,960 ÷ 3,320)

= $45 + $15 + $7 + $28

= $95

Gross profit = Sales revenue - Cost of goods sold

= (2,890 × $131) - (2,890 × $95)

= $378,590 - $274,550

= $104,040

So, for computing the gross profit we simply deduct the cost of goods sold from sales revenue.

You might be interested in
Cleftell Inc., a coal mining company in the United States, is the only supplier of coal in its area. The company is backed by th
Katarina [22]

Answer:

Oligopoly

Explanation:

Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.

In the given question, cleftell Inc is also one of that firm which has its own control over the market that is why government back them so that they will supply the coal in discounted rate as before

3 0
3 years ago
What are the uses of shares in raising capital for an entreprise
Alja [10]

Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them.

ummmm I ain't sure if this is the answer you need please read properly before you write

8 0
3 years ago
In the graph below, a shift from point A to point B represents which of the following?
sveta [45]
The answer would be a. a decrease in demand
3 0
3 years ago
Inventories are part of investment and therefore included in gdp because
Natasha_Volkova [10]

Answer:

Explanation:

Inventories are part of investment and therefore included in GDP because firms produce goods and these goods may be unsold at the time GDP is computed

The value added method of calculating GDP recognizes inventory. Value added from raw materials to work in process and to finished goods are part of what goes into the computation of GDP

7 0
3 years ago
​J&A Corporation has a monthly target operating income of $ 45 comma 900. Variable expenses are 10​% of sales and monthly fi
rewona [7]

Answer:

1.37

Explanation:

Given that

Operating income = $45,900

Variable expenses = 10%

Fixed expenses = $17,100

The calculation of operating​ income is shown below:-

Contribution margin = Operating income + Fixed expenses

= $45,900 + $17,100

= $63,000

So, Operating leverage = Contribution margin ÷ Operating income

= $63,000 ÷ $45,900

= 1.37

4 0
3 years ago
Other questions:
  • ​michelle's business produces ceramic cups using​ labor, clay, and a kiln. she produces cups using a fixed proportion of labor a
    9·1 answer
  • Materials must have which two qualities in order to be classified as direct materials? a.They must be an integral part of the fi
    9·1 answer
  • 1. Given the nominal interest rate of 17​% and the expected inflation of 13​%, then the value of the real interest rate is ___ ?
    15·1 answer
  • Flo tells ginger during a phone call that she will buy her textbook from last semester for $65. ginger agrees. these parties hav
    14·1 answer
  • Which of the following statements is true of the economic choices that consumers make
    13·1 answer
  • If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the
    10·1 answer
  • At Nick's Bakery, the cost to make homemade chocolate cake is $3 per cake. As a result of selling three cakes, Nick experiences
    14·1 answer
  • What do you think of the business meeting being held at the opening of the film? How foes it differ from business meetings in am
    6·1 answer
  • 7. Choose if the product is a Good, a Service, or Both.
    5·1 answer
  • If an economy maintains a small rate of growth for a long period of time, then the size of the economy?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!