1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Charra [1.4K]
2 years ago
15

2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct mate

rials used $125,000 Direct labor $100,000 Fixed indirect manufacturing $75,000 Variable indirect manufacturing $25,000 Variable selling and administrative $50,000 Fixed selling and administrative $25,000 Units produced and sold 25,000 NEIU Company uses the absorption approach to prepare the income statement. What is the product cost per unit
Business
1 answer:
Mrac [35]2 years ago
4 0

Answer:

Product cost per unit = $13

Explanation:

<em>Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.</em>

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads.

Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000

Full cost per unit = Total full absorption cost/Number of units

                            = 325,000/25,000 =$13

<em>Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production</em>

Product cost per unit = $13

You might be interested in
Amanda Winter worked as a public engagement coordinator at Safe Food Alliance until three months ago when her manager, Laura Mor
arlik [135]

Answer:

Option D is the correct answer to this question.

Explanation:

Laura sat in on only one of Amanda's presentations before giving her the promotion.

They were made by hand before slides were mounted on computers. Designing a PowerPoint presentation took several hours and though it was costly. Presentations were illustrated back then people with devices such as journal flip charts and computer monitors, but these have been used in schools and conference rooms worldwide.

Other options are incorrect because they are not related to the given scenario.

6 0
3 years ago
Managers in international businesses will need to evaluate the attractiveness of a country as a market or location for a facilit
Aleks04 [339]

Answer:

1. Absolute size of an economy

e. Gross national income (GNI)

2. Speed of economic growth

f. Economic growth rate

3. How a nation's income is apportioned

a. Income distribution

4. Purchase of essential vs, nonessential goods

c. Private consumption

5. Cost of production

b. Unit labor costs

6. Potential market size

g. Total population

7. Potential market segments

d. Age distribution

Explanation:

Any entity that wishes to exploit foreign markets must of necessity determine the suitability of the country's market and its economy.  To achieve this aim, entities engaging in foreign direct investments consider some factors.  One of them is the country's attractiveness.  A country is attractive or not depending on the following elements, among others: market size, growth of market size, per capita income, population and age distribution, existence and enforcement of contract laws, and political openness.  These considerations are important to avoid regrets, including over-exposure to country risks.

7 0
2 years ago
Hey guys, what is the best vacation you ever had? Tell me all about it, mine was when i went to myrtle beach south carolina with
alekssr [168]

Answer:

Hey my best vacation was to India when I had visited a lot of places and temples.....I had also a great time with my family....I had eaten fresh mangoes that grew in my farm....I miss those days

5 0
3 years ago
Pizza Express Inc. began the 2016 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. P
sweet-ann [11.9K]

Answer:

Answer is explained in the explanation section below.

Explanation:

Part A: In part a, we are required to show the effects on the financial statements using horizontal statements model.

For that, we need to tabulate the entries properly. So, it cannot be done be done here in the typing section. So, I m putting it into the attachments. Please refer to the attachment for the part a solution.

Part B:

Reason of the difference:

Cash revenue is $8650 but cash flow amount is $9600

Total operating expense incurred is $3350 but the amount paid only $2700

It will create $650 difference income statement and cash flow.

These activities are reasons for the differences between cash flow from the operating activity and net income.

8 0
3 years ago
This diploma program is a rigorous pre-university course of study that culminates in internationally standardized tests. The pro
nikdorinn [45]

Is there a question being asked here?

8 0
3 years ago
Read 2 more answers
Other questions:
  • Both firms in a Cournot duopoly would enjoy lower profits if:
    15·1 answer
  • On January 2, 2009, L Co. issued at par $20,000 of 4% bonds convertible in total into 1,000 shares of L's common stock. No bonds
    12·1 answer
  • Which of the following group of countries is more likely to lag in terms of green practices, according to the IBM study mentione
    9·1 answer
  • On May 1, 1972, Mix, CPA, entered into an oral contract with Dell to provide certain accounting services to Dell. The contract w
    6·1 answer
  • Explain how consumer tastes and preference changes demand for a product
    13·1 answer
  • Demand for earbuds is represented by: P = 402 – 2Q The costs are $8 per set of earbuds. In order to stock earbuds, other items w
    6·1 answer
  • Now that you are successful in your new position, you have decided to reward yourself with a new (or new to you) vehicle. Source
    9·2 answers
  • A formal document detailing the process to be followed when a firm recruits for an open position is a ________.a) recruiting gui
    15·1 answer
  • In horizontal analysis the percent change is computed by: Multiple Choice Subtracting the analysis period amount from the base p
    13·1 answer
  • Suppose you know a company's stock currently sells for $64 per share and the required return on the stock is 0.12. You also know
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!