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8_murik_8 [283]
2 years ago
7

proud family inc., produces a variety of products. the average cost of one widget using ABC costing is closets to

Business
1 answer:
olga55 [171]2 years ago
4 0

Answer:

b. $156.59

Explanation:

Note: The full question is attached as picture below

As the company is under traditional costing system and the allocation base is machine hours.

Variable OH per hour = Total variable cost / Total machine hours

Variable OH per hour = 513,600/32,000

Variable OH per hour = $16.05

Average cost of producing one unit of widget = Direct material per hour + Direct labor per hour + Variable OH per hour

= $95.52 + $51.04 + ($16.05*750/1200)

= $95.52 + $51.04 + $10.03

= $156.59

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Answer:

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Explanation:

Liquidity or current ratio =  Current Assets / Current liabilities

If the current asset has been decreased and the current liabilities has been increased then the answer would be higher than before.

The current ratio tells the same and the only difference written above and in current ratio is that the above mentioned Answer is conceptual based whereas current ratio uses numerical values of current assets and current liabilities written in the balance sheet.

Current ratio tells us that whether or not the company is able to meet its short term liabilities (Current Liabilities) using its short term asset (Current Assets).

Remember that the current assets are the assets that are convertible to cash within next 12 months. Whereas current liabilities are the liabilities which we have to pay in cash within the next 12 months.

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Canoe Company's manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished goods
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Explanation:

Giving the following information:

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4 0
3 years ago
The most effective form of business organization for raising capital is the a. sole proprietorship. b. syndicate. c. joint ventu
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