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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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dexar [7]

Answer and Explanation:

B. The firm's registration and its representatives' registrations lapsed after December 31st of the preceding year

6 0
3 years ago
In terms of microeconomic analysis, what is the function of utils?.
makvit [3.9K]

Answer:  a measurement of utility

Explanation:

7 0
2 years ago
Riley, age 16, and Samuel, age 36, enter into a contract in which Riley will sell Samuel his car for $11,000. The next day, Samu
Olin [163]

Answer: The answer is that Riley cannot enforce the contract because he is a minor.

Explanation:

Contract is an agreement between two or more individuals which is enforceable by the law. For a contract to be considered valid in law it must contain some essential elements such as the following

Offer: This is the person who is making the offer in the contract agreement, known as the offeror

Acceptance : This is the person who is willing to accept the offer, known in this case as the offeree.

Consideration : The law states that, all simple contract must be supported by value consideration known as price.

Intention to create legal relations :The parties in contract must agree to enter into a legal relationship as regard the contract.

Capacity : The law also states that, The parties in contract must be capable of entering into contract at the time of coming into the contract. In other words, the person must be of age of 18 years and above.

Legality : The contract must not contrary to the law , it must be seen to be legal according to the law .

Therefore, in the question under review, Riley is 16 years, by law he is a minor, he has not fulfilled one of the essential elements of a valid contract which is capacity. The law states that, any contract enter into with a minor is null and void according to law.because, as at the time of entering into the contract such a minor is not capable of entering into the contract. Therefore, Riley will not be able to enforce the contract because he is a minor.

3 0
3 years ago
Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one
DedPeter [7]

Economic profit is calculated as:

Economic profit = Total Revenues – Total Cost

Total cost both includes explicit and implicit cost. In this case, the explicit cost is $8,000 while the implicit cost is $64,000. Explicit cost is a direct payment made to run the business while implicit cost is the opportunity as accountant that is lost. Therefore,

Economic profit = $150,000 – ($8,000 + $64,000)

<span>Economic profit = $78,000</span>

6 0
3 years ago
Janet bought flour and used it to bake bread she ate. ABC Bakery bought flour which it used to bake bread that customers purchas
andrew11 [14]

Answer:

Explanation:

In the first case flour can be counted as final good as it was consumed just after that . Bread for self consumption is not a good . On the other hand bread

is a final good in second case as it had some commercial value . Flour is work- in -process.

8 0
3 years ago
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