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Anuta_ua [19.1K]
4 years ago
11

A company produces a single product. Variable production costs are $13.50 per unit and variable selling and administrative expen

ses are $4.50 per unit. Fixed manufacturing overhead totals $51,000 and fixed selling and administration expenses total $55,000. Assuming a beginning inventory of zero, production of 5,500 units and sales of 4,350 units, the dollar value of the ending inventory under variable costing would be:
Business
1 answer:
Dominik [7]4 years ago
4 0

Answer:

$15,525

Explanation:

Calculation for ending inventory under variable costing

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced −Units sold

Thus,

= 0 units + 5,500 units −4,350 units

= 1,150 units

Formula for Value of ending inventory under variable costing

= Unit in ending inventory × Variable production cost

= 1,150 units × $13.50 per unit

= $15,525

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An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode
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An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department

<h3><u>Explanation:</u></h3>

Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.

They also promote by giving certain discounts and offers during  vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.

6 0
3 years ago
Select the item below that is a characteristic of holistic marketing: _________
DanielleElmas [232]

Answer:

D. Considering all business aspects when marketing products

Explanation:

When a whole business (in general) is considered for the marketing strategy, it forms a holistic marketing approach. In this type of strategy different departments of an organization come together to give positive inputs that create a robust business marketing strategy.

6 0
3 years ago
Beverly Foster is planning for her retirement. She has determined that her car is worth $10,000, her home is worth $150,000, her
Anna71 [15]

Answer: The correct answer is "A. Analyzing her current assets and liabilities".

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7 0
4 years ago
Sam is planning to start a pool cleaning business. If Sam meets his profit goal of $45,000 the first year and expects his annual
r-ruslan [8.4K]

Answer: The answer is $ 49,950

Explanation:

The profit for the first year is $45,000

The increase in profit is 5.5%

Increase in profit

= 5.5/100*45,000

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To calculate the profit for the second year

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= $47,475

To calculate the profit for the third year

Profit + increase in profit

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Therefore, The profit for the first year is $ 45,000, The second year profit is $47,475, For the third year the profit is $ 49,950

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3 years ago
Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2021, that permit executive
vfiekz [6]

Answer:

Check the explanation

Explanation:

Computing the amount of Compensation expenses <u><em>(which sometimes can comprise of the salaries, payroll taxes, recruiting costs, benefits and bonuses. it is generally an important or integral part of a company's day to day costs)</em></u> for 2022 and 2023 are as follows

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Compensation expense for 2023 = 12000000*95%*$2*3/3 - (8000000+7200000)

= $7600000

8 0
3 years ago
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