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
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

You might be interested in
Do certain kinds of firms need to stress particular areas<br> of operations management? Explain.
sdas [7]

Answer:

Yes. Certain kinds of firms do need to stress particular areas  of operations management. Operations management is a vast area which consists of several departments such as supply chain management, logistic management, warehouse management, data management, inventory management and etc.

Companies, depending upon the kind of product and services they are supplying, need to figure out which department they are lacking in and should stress upon it.

For example shipment companies might need to focus on logistical affairs to strengthen their services.

7 0
3 years ago
Standard Quantities Allowed of Labor and MaterialsMiel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 1
jok3333 [9.3K]

Answer:

Part I :

1) Total amount of oats allowed = 960000*16 = 15360000 ounce

2) Total amount of labor hours allowed = 960000*.04 = 38400 Hours

<u>Part II : </u>

1) Total amount of oats allowed = 750000*17 = 12750000 ounce

2) Total amount of labor hours allowed = 750000*.04 = 30000 Hours

4 0
3 years ago
What is an example of an inflation risk?
ale4655 [162]
The price of an item can rise or fall
5 0
3 years ago
Read 2 more answers
How do the subheadings under "after high school" contribute to the organization of "career planning for high schoolers."? by inf
Delicious77 [7]

I believe the answer is: by informing readers of the education options being described

By putting the phrase  "After high schools" ,  readers would know that the information that being put below the phrase would include the set of options/paths that can be done after graduation. In most career planning forms, it would contain information regarding college, scholarships, and the type of careers that can be taken with current high school diploma.

3 0
3 years ago
Read 2 more answers
The Miller family owns and operates an interior decorating business. Henry installs hardwood floors and chair rails; Chloe reuph
oksian1 [2.3K]

Answer:

A. specialization.

Explanation:

Specialization refers to dividing the job in different tasks and assigning a person to perform each one which makes that each person becomes an expert in the specific area. This could help to increase productivity, especially in manufacturing. This is the process the Miller family uses because they have divided the tasks and assigned each of them to a person.

4 0
3 years ago
Other questions:
  • What is the maximum and minimum amount of ordinary shares to be invested in Hollard?
    7·1 answer
  • Recent research suggests that ________ has/have contributed to the large drop in fertility rates in brazil over the past several
    13·1 answer
  • Is it possible for a firm to become too big to be competitive and earn profit?
    13·1 answer
  • ToughBuilders Corp., a construction company, finishes the construction of a house two days after the contract called for its com
    12·1 answer
  • What is generally the difference between blue-collar workers and white-collar workers?
    12·1 answer
  • Federal antitrust statutes are complex, but the basic goal is straightforward: to prevent a major industry from being so dominat
    14·1 answer
  • When drafting an end-of-year summary report to her supervisor about the status and sales of the restaurant's newest pizza, Diane
    8·1 answer
  • Linda is the manager of a graphic design company. Her IT team asked for her consent to upgrade the editing software used by empl
    12·1 answer
  • Find the partial derivative of f(x, y) =x2y+sin x+cos y
    8·1 answer
  • What type of segmentation categorizes consumers on the basis of the outcomes they hope to derive from a product or service
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!