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VMariaS [17]
4 years ago
7

Hamby Company expects to incur overhead costs of $10,000 per month and direct production costs of $136 per unit. The estimated p

roduction activity for the upcoming year is 1,600 units. If the company desires to earn a gross profit of $61 per unit, the sales price per unit would be which of the following amounts?a. $205b. $197c. $272d. $141
Business
1 answer:
hichkok12 [17]4 years ago
4 0

Answer:

c. $272

Explanation:

Overhead costs (O) = $10,000 per month

Direct production costs (Pc) = $136 per unit

Units produced (n) = 1,600 units

The total manufacturing cost per unit for a production activity of 1,600 units is given by:

C=\frac{(P_C*n)+(O*12)}{n}\\C=\frac{(136*1,600)+120,000}{1,600}\\C=\$211

For a desired gross profit per unit of $61, the selling price should be:

61=S-211\\S=\$272

The answer is c. $272

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The McFadden Act of 1927:_________. a. required that banks maintain bank capital equal to at least 6 percent of their assets. b.
Rina8888 [55]

Answer:

Option C is correct.

Explanation:

The McFadden Act which was passed by Congress in 1927 refers to a Federal legislation which ensured that authority was given to individual states to govern the bank branches that were located within the state.

The legislation also included national bank branches that were located within state lines.

This act was passed with the intention of allowing the national banks to compete with state banks by allowing them to open bank branches within state limitations.

7 0
4 years ago
BatCo makes metal baseball bats. Each bat requires 1.00 kg of aluminum at $20 per kg and 0.20 direct labor hours at $26 per hour
sergij07 [2.7K]

Answer:

$6 unfavorable

Explanation:

The computation of the cost variance is shown below:

Cost variance = Standard cost - actual cost

where

Standard cost is

= $20 + 0.20 ×$26 + $40 × 0.20

= $20 + $5.2 + $8

= $33.2

And, the actual cost is $39.20

So the cost variance is

= $33.2 - $39.20

= $6 unfavorable

Since the actual cost is more than the actual cost which reflects the unfavorable variance

7 0
4 years ago
All are signs of neglect and emotional abuse EXCEPT:
kolbaska11 [484]

A.

Doesn't have to be adults it can be someone their age or younger

5 0
3 years ago
Read 2 more answers
The substitution effect of a change in the price of bananas refers to the way in which a change in the:______.
Vladimir79 [104]

The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.

What is change in the price?

The difference between an asset's original and final values is known as the price change. It might be detrimental or beneficial. Investor choices are influenced by price movements. Investor confidence will be high for a financial instrument that exhibits a steady price increase over time.

Therefore,

The substitution effect of a change in the price of bananas refers to the way in which a change in the price of a substitute affects the demand for bananas.

To learn more about change in the price from the given link:

brainly.com/question/688645

5 0
2 years ago
If, in a perfectly competitive industry, the market price facing a firm is above its average total cost at the output where marg
Marrrta [24]

Answer:

Some existing firms will exit the industry.

Explanation:

Because the market is in loss

loss=(ATC-P)*Q

ATC>P..............given

also, the firm is in working condition because it is having the price above AVC.

Because of loss some firms in long run discourage to work and leave the market.

4 0
4 years ago
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