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Rom4ik [11]
3 years ago
6

Smores Co. Smores Co. produces and sells many camping products. The company has just opened a new plant to produce a cushy sleep

ing bag that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory 0 Units produced 47,000 Units sold 42,000 Selling price per unit $81 Selling and administrative expenses: Variable per unit $2 Fixed (total) $561,000 Manufacturing costs: Direct materials cost per unit $17 Direct labor cost per unit $8 Variable manufacturing overhead cost per unit $4 Fixed manufacturing overhead cost (total) $846,000 Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May. Assume that the company uses absorption costing. 1) What is the unit product cost
Business
1 answer:
Tasya [4]3 years ago
8 0

Answer:

$29

Explanation:

Smores corporation produces and sells many camping products

The following data was recorded during its first month of operation

Selling price per unit= 42,000

Selling and administrative expenses= $81

Units produced = 47000 units

Variable per unit= $2

Total= $561,000

Manufacturing costs

Dirct materials= $17

Direct labor= $8

Variable manufacturing overhead= $4

Therefore the unit of product cost can be calculated as follows

= Direct material + direct labor + variable manufacturing overhead

= $17 + $8 + $4

= $29

Hence the unit of product cost is $29

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Explanation:

The Human Services Career Cluster are simply skills that prepares one to take on jobs that cater for human and family needs. This job could either be as a social worker, pedicurist, etc, as human needs will be addressed.

The pathways which are part of the Human Services career cluster include consumer services

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True

Explanation:

This is true

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3 years ago
An investor wants to purchase an annuity that will pay her £80,000 per year for the next 10 years. If the constant, annual effec
kondaur [170]

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£718,607

Explanation:

Annuities are investment opportunities that require an initial settlement  and gives  a series of returns of a fixed amount for a specific number of periods.

In simple terms, the question requires us to calculate the amount to be paid today (Present Value) of an annuity that pays £80,000 per year for the next 10 years.

To establish the [Present Value of the Annuity, the future Cash Flows must be discounted to the Present Value using the appropriate discount rate. In our case, we will use the annual effective interest rate of 2%.

Present Value = PMT × [ 1 - 1/(1+r)^n ÷ r ]

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