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
Anuta_ua [19.1K]
3 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]3 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

You might be interested in
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering open
scoundrel [369]

Answer:

Project Kansas City

Explanation:

Payback period: It reflects the period at which the investor recovered their invested money. It always shows in years.  

IRR: It refers to the internal rate of return. It shows an interest rate at which the Net present value is zero or the initial investment and the present value of all years cash flow would be equal

In the question, it is mentioned that Project Kansas city has a payback period of 27 months and IRR is 6% whereas the project Spokane has a payback period of 25 months and IRR is 5%.

So if we compare both the projects based on IRR, the project Kansas city has higher IRR which means it produces a higher return in the near future.

3 0
3 years ago
Which two of these should you do if your lender rejects your loan application?
saul85 [17]

Answer:

Find out the reason why the loan was rejected

You can also look for another lender

Explanation:

Loan application could be declined for so many reasons. However , in a situation where an application is not granted , it is good to find out the reasons behind the decision so as to avoid repeating such in subsequent application.

Another step to be taken after denial of application is to look for alternative lender and make another application . One may also need to improve on the application to avoid another denial this time around.

5 0
4 years ago
Read 2 more answers
A toy manufacturer estimates the demand for a game to be 2000 per year. Each game costs $3 to manufacture, plus setup costs of $
ASHA 777 [7]

Answer:

See below

Explanation:

We will compute the above using the EOQ

EOQ = √ 2 × D × S / H

EOQ = √ 2 × 2,000 × 500 / 2 × 3

EOQ = 1,000

1,000 units of toys should be manufactured at a time

Production runs = 2,000 / 1,000

Production runs = 2

8 0
3 years ago
An agent who makes misleading statements that lead to the termination of an existing insurance policy so that a new policy with
SVETLANKA909090 [29]

<span>He has committed "twisting".</span>

<span>
Twisting is intentionally putting forth deceptive expressions that would make a insured to lapse, appoint, or end insurance policy with a specific end goal to switch companies or policies. It is the demonstration of initiating or endeavor to instigate a policy owner to drop a current policy and to take another policy by utilizing deceptions or fragmented correlations of the focal points of the two policies.</span>

4 0
3 years ago
The process that facilitates the placement of orders and identifies, attracts, and builds relationships with external customers
Papessa [141]

Answer:

customer relationship process

Explanation:

customer relationship process. a process that identifies, attracts, and builds relationships with external customers, and facilitates the placement of orders by customers, sometimes referred to as customer relationship management.

8 0
3 years ago
Other questions:
  • Which of the following is an example of structural unemployment? a. Raymond loses his job as a steel worker because the economy
    8·1 answer
  • ​jerry is beginning a marketing research project. one of the six steps of marketing research is to
    9·1 answer
  • A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can hav
    5·2 answers
  • You are the PR officer of a major MNE in the chemicals industry. The national press in your home country alleges that your compa
    6·1 answer
  • Fergie has the choice between investing in a State of New York bond at 4.1 percent and a Surething Inc. bond at 6.8 percent. Ass
    14·1 answer
  • The best way to build a strong network of people who help you is to
    5·2 answers
  • A firm is considering the purchase of a $500,000 machine for its business. The machine is expected to increase sales by $237,000
    14·1 answer
  • Prepared by:
    11·1 answer
  • Which of the following is an example of Brazil undertaking importing?
    8·1 answer
  • Give an example of a natural monopoly industry operating in South Africa.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!