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ValentinkaMS [17]
3 years ago
5

Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 185 Units in beginning inventory 100 Units produced 1,970 Units sold 1,380 Units in ending inventory 690 Variable costs per unit: Direct materials $ 75 Direct labor $ 32 Variable manufacturing overhead $ 12 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 19,700 Fixed selling and administrative expense $ 30,360 What is the total period cost for the month under variable costing?
Business
1 answer:
Greeley [361]3 years ago
6 0

Answer:

Total period cost for the month $65,240

Explanation:

Product cost under variable costing = Direct materials + Direct labor + Variable overheads

Period cost under variable costing = Fixed manufacturing overheads + All non manufacturing overheads (Variable and fixed)

Calculation of the total period cost using variable costing

Variable selling and administrative expense ($11 × 1,380 units)

$15,180

Fixed manufacturing overhead

$19,700

Fixed selling and administrative expense

$30,360

Total period cost for the month

$65,240

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Answer:

Decrease; demand for shampoo.

Explanation:

If the price of a product increases, suppliers are willing to offer more quantities of the product but customers are less willing to buy it. So, if the price of the shampoo increases, customers will buy less quantities which means that the demand decreases.

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In April of Year 1, Martin left his wife, Marianne. The couple has two children under the age of 15. While the couple was apart,
shepuryov [24]

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D. Depending on the post separation residence of the children, both spouces may qualify to file as head of household

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3 years ago
If goods are shipped FOB destination, the seller does not record revenue from the sale until the goods arrive at their destinati
valentinak56 [21]

Answer:

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Explanation:

The FOB destination contract does not officially recognize the completion of any shipment or transactions associated with it until it is handed over the to the buyer at the delivery point.While the good/s or shipment is in transit,the tile remains with the seller until it is finally handed over to the buyer,when the tile passes to the buyer.Now,at the delivery point when the buyer actually obtains the product or shipment and officially claims the title,the transaction can be considered to be officially completed and approved.At this point only,the seller can officially record any monetary transaction or revenue generated by the sale of the concerned good or shipment.

7 0
3 years ago
Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales pri
babunello [35]

Answer: 6250

Explanation:

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The contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit for thus:

Contribution margin ratio = (Sales price - Variable cost)/Sales price

= (50-34)/50

= 16/50

= 0.32

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= 100,000/0.32

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= 6250

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