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julia-pushkina [17]
3 years ago
14

A company sells each unit of its product for $ 107. The final department showed the following costs per equivalent​ unit: $ 48 ​

transferred-in, $ 23 direct​ materials, $ 12 conversion. What is the gross profit on each unit sold by the​ company?
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

$24

Explanation:

Gross profit is the net return from the selling price of the product less all the manufacturing cost associated with that product. These cost included material and conversion cost of all the departments working on the product.

Conversion cost is the some of all the manufacturing cost except the material cost, in other work all the cost incurred to convert the raw material to a finished product is called conversion costs.  

Selling Price of the product = $107

Costs:

Material                      $23

Conversion cost        $12

Cost Transferred In   <u>$48</u>

Total Cost                               <u> $83</u>

Gross profit                              $24

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Answer:

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January 1, 2017, bonds issued at a discount

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the amortization of the bond discount should be $9,138 / 6 = $1,523 on every coupon payment.

Journal entry to record payment of first coupon:

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Umbridge Purses Unlimited sells purses with a sales price of $35 each. Each purse costs the company $20 to produce, and the stor
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Answer:

Break-even point in units= 20,000 units

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Selling price= $35

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<u></u>

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The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because at low levels of output, average fixed cost (AFC) will be high, while at high levels of output, marginal cost (MC) will be high as the result of diminishing returns.

This ultimately implies that, the average fixed cost (AFC) will be high at small (low-level) output rates while marginal cost (MC) will be high at large (high-level) output rates due to diminishing marginal returns.

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