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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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Oak Inc. has the following information regarding its assets: Book Value Estimated Cash Flows Fair Value Equipment $35,000 $30,00
ExtremeBDS [4]

Answer:

d. $7,000.

Explanation:

The computation of the loss recorded due to asset impairment is shown below:

= Book value - fair value

= $35,000 - $28,000

= $7,000

If we consider the building and the patent we see that the estimated cash flows are  more than the book value, so no loss on impairment should be taken place

Therefore, only $7,000 should be recorded as a loss on impairment of the asset

8 0
3 years ago
Gabe Industries sells two​ products, Basic models and Deluxe models. Basic models sell for $ 44 per unit with variable costs of
12345 [234]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Basic models sell for $ 44 per unit with variable costs of $ 25 per unit. Deluxe models sell for $ 52 per unit with variable costs of $ 25 per unit. Total fixed costs for the company are $1,323. Gabe Industries typically sells three Basic models for every Deluxe model.

First, we need to calculate the weighted sales participation:

Basic= 3/4= 0.75

Deluxe= 1/4= 0.25

Now, we need to calculate the weighted average selling price and variable cost:

weighted average selling price= (selling price* weighted sales participation)= (44*0.75 + 52*0.25)= 46

weighted average variable cost= (variable cost* weighted sales participation)= (25*0.75 + 25*0.25)= 25

Now, we can calculate the break-even point in units:

Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)

Break-even point= 1,323/ (46 - 25)= 63 units

4 0
3 years ago
After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $2,450,000
murzikaleks [220]

Answer:

income summary   550  debit

     retained earnings      550 credit

--to close income sumary against RE--

Explanation:

To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.

 Income Summary

<u>   Debit        Credit   </u>

2,450

<u>                    3,000    </u>

Balance          550

We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.

7 0
4 years ago
Firm b pays a constant $9.50 dividend on its stock and will maintain this dividend for the next 11 years and will then cease pay
sdas [7]

Firm b pays a constant dividend (D0) = $9.50

Number of years (N) = 11 years

Rate of return on the stock ( R ) = 11%

The share price of the stock (P0) = Present value of dividend for 11 years at 11%

P0 = D0*PVIFA (k%,n)

P0 = $9.50*PVIFA(11%,11)

P0 = $9.50*6.20625

P0 = $58.96

Hence, the price of the stock is $58.96

6 0
3 years ago
A unique set of professional skills and attributes that others associate with you is called your?
astraxan [27]

A unique set of professional skills and attributes that others associate with you is called soft skill.

Using social media, even for non-public use, complicates your courting with your business enterprise. An worker congratulating his enterprise's son on his engagement is an instance of social media complicating relationships among employees and employers.

Professional competencies are career talents and abilities used inside the place of business which can be beneficial for almost any task. professional capabilities are a combination of each hard talents activity specific responsibilities that can be educated and smooth skills  transferable trends like work ethic, communique, and leadership

Learn more about  professional skills here:-brainly.com/question/26355886

#SPJ4

5 0
2 years ago
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