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
Farmer Brown’s total cost curve is a. increasing at an increasing rate. b. increasing at a decreasing rate. c. increasing at a c
Rufina [12.5K]

The question is incomplete:

If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.

Farmer Brown's total-cost curve is

a. increasing at an increasing rate.

b. increasing at a decreasing rate.

c. increasing at a constant rate.

d. decreasing.

Answer:

a. increasing at an increasing rate.

Explanation:

To determine the answer, you can create a graph with the information given hich is attached.

You can see that the curve is increasing and because of that you can eliminate option d that is decreasing. Then, you have to consider that increasing at a constant rate would show an straight line which is not the case. Also, increasing at a decreasing rate would show a decreasing slope which is not what you see in the graph. Because of that, the answer is that Farmer Brown’s total cost curve is increasing at an increasing rate because the graphs shows an increasing slope.

8 0
3 years ago
Holly’s Candle Shop sells scented candles. The shop offers hundreds of different types of candles, but they are all priced at ei
ANTONII [103]

Answer:

C) price lining

Explanation:

Based on the information provided within the question it can be said that Holly’s Candle Shop appears to be using price lining. This refers to a business decision in which a range of products from the same product line are priced differently depending on the difference in quality. Which is most likely the case in Holly's store since she sells only candles but the higher quality candles are priced at $10 while the lowest quality ones are priced at $6.

7 0
4 years ago
Norris Company declared cash dividends of $60,000 during the year. Cash dividends payable were $20,000 at the beginning of the y
Schach [20]

Answer:

Dividend paid during the year will be $55000

So option (B) will be the correct answer

Explanation:

We have given dividend declared during the year=$60000

Dividend payable at the beginning of the year=$20000

Dividend payable at the end of the year=$25000

We have to find the dividend paid during year

Dividend paid during the year=Dividend payable at the beginning of the year+ Dividend declared during the year-Dividend payable balance at the end of the year

Dividend paid during the year=$20000+$60000-$25000=$55000

So option (b) will be the correct answer

5 0
3 years ago
These characteristics set the Linux os apart from window and mac
irga5000 [103]
Linux is a open source operating system where as windows and os x are not .
7 0
3 years ago
In the past, the policy-making relationship between states and the federal government was called ______, since there was clear s
jeka94

In the past, the policy-making relationship between states and the federal government was called Dual federalism, since there was a clear separation of policy responsibility between the two levels.

Dual federalism, also known as hierarchical federalism or shared sovereignty, is a political arrangement in which powers are clearly divided between federal and state governments, with state governments exercising delegated powers without federal interference. .

Even the House and Senate are examples of dual federalism. Both houses may be involved in approving federal laws that affect different states and require state involvement, but issues can only be passed through the senator's desk or state senators. representative.

Learn more about Dual federalism here: brainly.com/question/5544302

#SPJ4

7 0
1 year ago
Other questions:
  • Bill's Grill is a popular college restaurant that is famous for its hamburgers. The owner of the restaurant, Bill, mixes fresh g
    5·1 answer
  • Other things the same, a decrease in the price level makes consumers feel a. more wealthy, so the quantity of goods and services
    15·1 answer
  • Carmel Corporation is considering the purchase of a machine costing $56,000 with a 9-year useful life and no salvage value. Carm
    9·1 answer
  • Paula used to check her voice mail each time she returned to her office after a meeting or break. Now she checks her voice mail
    10·1 answer
  • The maturity date of a note receivable: Multiple Choice
    7·1 answer
  • ​"A set of logically related tasks or activities performed to achieve a defined business​ outcome" is the definition of A. suppl
    5·1 answer
  • Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark Inventory (beginning) $ 16,000 $
    7·2 answers
  • At what wage rate will there be excess labor supplied in the market?
    11·2 answers
  • Click this link to learn about a career as a Multimedia Artist. What are some common tasks? Check all that apply.
    15·2 answers
  • When you don't take time to plan how you will spend what you earn each month, you
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!