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AnnZ [28]
3 years ago
6

Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of

35,000 units of its sole product. Dotterel desires a profit equal to an 11.2% rate of return on invested assets of $350,000. Fixed factory overhead cost $105,000 Fixed selling and administrative costs 35,000 Variable direct materials cost per unit 4.34 Variable direct labor cost per unit 5.18 Variable factory overhead cost per unit 0.98 Variable selling and administrative cost per unit 0.70 The variable cost per unit for the production and sale of the company's product is
Business
1 answer:
skad [1K]3 years ago
3 0

Answer:

$11.2 per unit

Explanation:

The computation of the variable cost per unit is shown below:

= Variable direct materials cost per unit + Variable direct labor cost per unit + Variable factory overhead cost per unit + Variable selling and administrative cost per unit

= $4.34 per unit + $5.18 per unit + $0.98 per unit + $0.70 per unit

= $11.2 per unit

We simply added the entire variable cost per unit so that the accuracy per unit could be reached

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Cash investments made by the owner to the business are reported on the statement of cash flows in the
Julli [10]

Answer:

d. financing activities section

Explanation:

cash investment made by the owner and their withdrawals will be in the financing activities section

On the financing activities, the accounting does a detail ofthe origin of funds which paid for the assets. These funds could be from owners or lenders.

Therefore, the equity transactions are included in the financing activities sections

From the owner point of view, it is an investment. But, we must remember that the owner and te company are different entities. For the company it is financiation

6 0
3 years ago
Listed below are five technical accounting terms. Each of the following statements describes one of these technical terms. For e
krok68 [10]

Answer:

a. Incremental analysis.

b. Sunk cost.

c. Relevant information.

d. Opportunity cost.

e. Joint products.

f. Out-of-pocket cost.

g. Split-off point.

Explanation:

a. Incremental analysis: examination of differences between costs to be incurred and revenue to be earned under different courses of action.

b. Sunk cost: a cost incurred in the past that cannot be changed as a result of future actions. Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered.

c. Relevant information: costs and revenue that are expected to vary, depending on the course of action decided on. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

d. Opportunity cost: the benefit foregone by not pursuing an alternative course of action. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

e. Joint products: products made from common raw materials and shared production processes.

f. Out-of-pocket cost: a cost yet to be incurred that will require future payment and may vary among alternative courses of action.

g. Split-off point: the point at which manufacturing costs are split equally between ending inventory and cost of goods sold. Thus, it give rise to joint products that emerge from the same raw materials and a shared manufacturing process.

6 0
2 years ago
On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of
Zepler [3.9K]

Answer:

2. c. 66.982

See explaination

Explanation:

Please kindly check attachment for the step by step solution of the given problem.

7 0
3 years ago
all of the following are required for adverse possession except that it must be under a claim of right or color of title open an
Alina [70]

One thing that is not required for adverse possession is confrontation with the owner.

<h3>What is adverse possession?</h3>

Adverse possession refers to the way a person staying on a piece of land, can get the title to that piece of land from the owner by law. But they will need to meet certain requirements for them to be able to do so.

Some of these requirements include:

  • a claim of right or color of title
  • open and notorious use
  • hostile to the true owner's title
  • pay taxes

This means that for one to perform an adverse possession, there is no need for a confrontation with the owner of the land. One can simply get this done with the Courts.

Find out more on adverse possession at brainly.com/question/28167922

#SPJ1

8 0
2 years ago
One major theory of opportunity in which entrepreneurs create opportunities via their actions, reactions, and experiments around
eduard

Answer:

Creation Theory

Explanation:

The creation Theory is a theory that sees the  entrepreneurs are the actors; i.e, entrepreneurs create opportunities via their actions, reactions, and experiments around new products, services, and business models.  The creation theory assumes that opportunities are created by entrepreneurs  who are searching for ways to gain economic advantage in the market in which they operate.

6 0
3 years ago
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