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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.

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General Inc. shipped 100 million coupons in products it sold in 2013. The coupons are redeemable for thirty cents each. General
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Answer:

Gerneral's coupon liability as of December 31, 2013= $21 Million

General's coupon promotion expense in 2013= $21 Million

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8 0
3 years ago
Because customers have different needs and expectations, the key to distributive fairness in service recovery is
denpristay [2]

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Because customers have different needs and expectations the key distributive fairness in

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3 years ago
A hair stylist currently cuts and colors hair for 50 clients per week and earns a profit. He is considering expanding his operat
Leviafan [203]

The decision to expand depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.

<h3>What is marginal cost and marginal revenue?</h3>

Marginal revenue is the change in total revenue when output is increased by one unit. Marginal cost is the change in total cost when consumption is increased by one unit.  

Economic theory suggests that output should be increased if the marginal revenue exceeds the marginal cost. If marginal cost is greater than marginal revenue, the business should not be expanded. Profit is maximised when marginal revenue is equal to marginal cost.

To learn more about marginal revenue, please check: brainly.com/question/7781429

3 0
2 years ago
Aggregate supply is best described as the
VladimirAG [237]

Answer:

Total output of all products and services.

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Aggregate supply is defined as the total amount of goods and services that firms are willing to sell, at a specific price, within a particular economy.

Aggregate supply is a macroeconomic concept, an aggregate variable, that is used in Keynesian and Neoclassical economics, often in models that put it together with aggregate demand, in what is known as the Aggregate Supply-Aggregate Demand model (AS-AD model).

5 0
3 years ago
Requirement 3. The company marketing vice president believes a new sales promotion that costs $ 140 comma 000 would increase sal
gregori [183]

Answer:

Revenue = 240000×49= 11,760,000

Variable manufacturing expense = 240000×20 = 4,800,000

Sales commission expense = 240000×8 =1,920,000

Fixed manufacturing overhead = $2,400,000

Fixed operating expenses = 245,000

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Profit = 2,255,000

8 0
3 years ago
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