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stiv31 [10]
3 years ago
5

Direct materials $40,000 Direct labor 31,000 Fixed manufacturing overhead 22,000 Variable manufacturing overhead 38,000 Fixed se

lling and administrative expenses 23,000 Variable selling and administrative expenses 14,000 What are the total product costs for the company under absorption costing
Business
1 answer:
nika2105 [10]3 years ago
7 0

Answer:

Total product costs= $131,000

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>In this case, the total product cost:</u>

Total product costs= 40,000 + 31,000 + 22,000 + 38,000

Total product costs= $131,000

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Alborosie

Answer:

1)

Debit   Cash/Bank 27,000    (4,500 shares x $6 per share)

Credit  Common Stock 13,500  (4,500 shares x $3 per share)

Credit  Paid-In Capital in Excess of Stated Value—Common 13,500  (4,500 shares x $3 per share)

2)

Debit   Cash/Bank 135,000  (4,500 shares x $30 per share)

Credit  preferred Stock 135,000  (4,500 shares x $30 per share)

Explanation:

any issuing price of stock above par value will be credited in "Paid-In Capital in Excess of Stated Value—Common"

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3 years ago
Ranier Outdoor Clothing managers engage in an annual organizational assessment, trying to predict industry changes as well as po
Free_Kalibri [48]

Answer: Environmental scanning

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In the given case, the managers of the company are trying to predict the changes in the industry by looking at the trends of their competitors.

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5 0
4 years ago
about how much is present value of a dollar that be paid to you in three years if the interest rate is 5 percenr
matrenka [14]

The present value of a dollar would be calculated as -

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Present value of $ 1 after 3 years = $ 1 X 0.8638 = $ 0.8638

5 0
3 years ago
A notary signing agent is asked to describe several of the loan terms at a signing appointment.
Fed [463]

We as mobile notary loan signing agent are limited on what we are capable of answer on real estate loan package.


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7 0
3 years ago
The virginia company first sent a group of soldiers, rich gentlemen, and __________ to found a strong colony.
Nina [5.8K]

The correct answer will be skilled workers.


The Virginia company first sent a group of soldiers, rich gentlemen, and skilled workers to found a strong colony.


Explanation:


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7 0
3 years ago
Read 2 more answers
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