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Triss [41]
3 years ago
6

Recently, Job P951 was completed with the following characteristics: Number of units in the job 100 Total direct labor-hours 100

Direct materials $ 800 Direct labor cost $ 10,700 The unit product cost for Job P951 is closest to:
Business
1 answer:
ss7ja [257]3 years ago
4 0

Answer:

$2,851

Explanation:

The above is an incomplete question. However, a similar question is as seen below

Dehner corporation uses a job order costing system with a single plant wide predetermined overhead rate based on direct labor hours. The company based its predetermined overhead rate for the current year on the following data.

Total direct labor hours 70,000

Total manufacturing fixed overhead cost $273,000

Variable manufacturing overhead per direct labor hour $6.

Given that;

Number of units produced = 100

Direct labor hours = 100

Direct materials = $800

Direct labor cost = $10,700

The unit product cost for jobP951 is

Direct materials = $800

Direct labor cost= $10,700

Variable manufacturing overhead = $6 × 100 = $600

Total fixed manufacturing overhead = $273,000

Total cost = ($800 + $10,700 + $600 + $273,000) = $285,100

Unit product cost = $285,100 ÷ 100

Unit product cost = $2,851

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nordsb [41]

Answer:

The option that is not true about licencing is E) It involves slightly more risk to the licensee than licensor.

Explanation:

Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment. Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee.

Usually, It is the licensor that that bears more risk. For instance, unscrupulous licensees have been known to manufacture licensed products and sell them under different brand names in order to tamper with the royalty payable to the licensor.

4 0
3 years ago
8. Sam bought a house that costs $500,000. Sam got a 96% LTV loan. The lender demanded that Sam buy private mortgage insurance t
storchak [24]

Answer:

The insurance company will pay the mortage of $400,000

Explanation:

Loan value = 96%* $500000

                   = $480000

75% LTV value = $375000

Portion of loan over 75% LTV= $105000.

This is the amount insured.

5 years later, Sam needs $400000 more to pay. But he defaults.

And he has only paid $100000 of mortgage loan.

So, insurance company will pay the remaining balance of the amount insured to Sam's lender.

Therefore, The insurance company will pay the mortage of $400,000.

5 0
3 years ago
When an Accounts Payable department improves their information system resulting in faster payments to vendors, without the Accou
weeeeeb [17]

Answer: C) suboptimization

Explanation:

The Accounts Payable department's system has been optimized yet the Accounts receivable's system has not been optimized. This means that the company as a whole is suboptimized because only one department was optimized and the other was not.

It can lead to problems such as a credit crunch because the company is paying cash faster than it is receiving it. If both departments were optimized, this wouldn't be the case as the payments and receipts would tally.

4 0
3 years ago
What helps a consumer determine the quantity of something to buy?
Shkiper50 [21]
I believe the answer is- marginal benefit!
5 0
4 years ago
__________ is the value or want-satisfying ability that is added to products by organizations that make the product more useful
stiv31 [10]

Answer:

Utility

Explanation:

Utility is the value or want-satisfying ability that is added to products by organizations that make the product more useful or accessible to consumers.

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service. In practice, a consumer's utility is impossible to measure and quantify. However, some economists believe that they can indirectly estimate what is the utility for an economic good or service by employing various models.

7 0
3 years ago
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