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IRISSAK [1]
3 years ago
6

Comfy Cozy Chairs makes and sells rockers. Each rocker requires $45 of direct materials and $37 of direct labor. Variable manufa

cturing overhead is $8 per unit, and fixed manufacturing overhead totals $58,000. Variable selling and administrative costs are $15 per unit, and fixed selling and administrative costs total $102,000. During the period, 2,000 rockers were produced and 1,640 were sold. The unit product cost using absorption costing is ______.
Business
1 answer:
igomit [66]3 years ago
8 0

Answer:

the unit product cost using absorption costing is $119

Explanation:

The computation of the unit product cost using absorption costing is given below:

= Direct material per unit + direct labor per unit + variable manufacturing cost per unit + fixed manufacturing cost

= $45 + $37 + $8 + ($58,000 ÷ 2000)

= $119

Hence, the unit product cost using absorption costing is $119

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A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard c
lord [1]

Answer:

C. $78,250 Unfavorable.

Explanation:

We know,

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Given,

Standard quantity = 405,000 units

Standard price = $2.00 unit

Actual Quantity = 403,750 units

Actual price = $2.20 unit

Putting the values into the formula, we can get

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Material cost variance = (405,000 × $2.00) - (403,750  × $2.20)

Material cost variance = $810,000 - $888,250

Material cost variance = -78,250

Material cost variance = 78,250 (Unfavorable)

Therefore, C is the answer.

4 0
3 years ago
Why are manufactured goods more valuable to the economy than services (select all that apply)
ahrayia [7]
The answer is no 2 and 4
5 0
2 years ago
Portfolio management matrices are applied to what level of strategy?.
bazaltina [42]

Answer:

Portfolio managers oversee a collection of projects, programs and other activities that are grouped together to meet strategic business objectives. The practice of portfolio management is integral to the implementation of your organization’s overall strategic plan.

Explanation:

3 0
2 years ago
what does stiglitz argue about globalization? what does he see as the strengths and weaknesses of globalization? how does stigli
Levart [38]

According to Stiglitz, depending on how it is managed, globalization may succeed or fail.

<h3>What does Joseph Stiglitz believe in?</h3>

Success, according to Joseph Stiglitz, occurs when national governments manage it by embracing the unique traits of each nation. When it is governed by global organizations like the IMF, it fails. Finance ministers and bank governors, who have formulated policies that benefit the financial sector, are said to be in charge of the IMF, according to Stiglitz.

In addition, the "Washington Consensus," a collection of policies that promotes "stabilization, liberalization, and privatization" of the economy, is harmful since it places a strong emphasis on deregulation. Instead, policies should aid nations in creating "the proper regulatory system." In the end Stiglitz adds that, a stronger commitment to democratic principles by the Bretton Woods Institutions.

To learn more about ,Joseph Stiglitz visit:

brainly.com/question/29549334

#SPJ1

3 0
1 year ago
​matthew's fish fry has a monthly target operating income of​ $7,200. variable expenses are​ 60% of sales and monthly fixed expe
slamgirl [31]

Given, Operating income = 7,200

Fixed expenses = 1800

Let the target sales be assumed to be X

Sales = 7200 + 1800 + 0.6*Sales

X = 7200 +1800 +0.6X

X-0.6X = 9000

0.4X =9000

X = 22,500

Target Sales = 22,500

Break even point = Fixed Costs/(Price -Variable cost)

Break even point = 1,800/(1-0.6) = 1,800/0.4 = 4,500

Break even point =4,500

Margin of Safety = (Target sales - break even point)/ Target Sales

Margin of Safety = (22,500-4,500)/22,500 = 18,000/22,500 = 0.8 = 80%

Margin of Safety =80%

7 0
3 years ago
Read 2 more answers
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