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mote1985 [20]
3 years ago
10

Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. U

nits produced this year 39,000 units Units sold this year 23,400 units Direct materials $ 23 per unit Direct labor $ 25 per unit Variable overhead $ 3 per unit Fixed overhead $ 195,000 in total Given Advanced Company's data, compute cost per unit of finished goods under absorption costing.
Business
1 answer:
galben [10]3 years ago
5 0

Answer:

the cost per unit of finished goods under absorption costing is $56

Explanation:

The computation of the cost per unit of finished goods under absorption costing is given below:

Direct materials $23

Direct labor $25

Variable manufacturing overhead $3

Fixed manufacturing overhead ($195.000 ÷ 39,000 units) $5

Total unit cost $56

Hence, the cost per unit of finished goods under absorption costing is $56

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Olinick Corporation is considering a project that would require an investment of $304,000 and would last for 8 years. The increm
Lunna [17]

Answer:

2 years and 5 months

Explanation:

304,000 Investment

+86,000 operating income

+ 38,000 depreciaton (non-cash expense)

124,000 cash flow per year

<em>Note: </em>The non-cash expense should be excluded from the calculaton of the payback period.

\frac{Investment}{cash-flow} = payback

304,000/124,000 = 2.451612903 years

0.451612903 x 12 = 5.419354839

2 years and 5 months

3 0
4 years ago
An automobile factory in Michigan uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produc
Gnom [1K]

Answer:

Total value added to the GDP is $500,000.

Explanation:

Given that,

Automobile factory uses parts that are purchased from foreign countries = $100,000

Total cars produce = 30

Price of each car = $20,000

Total cars sold = 20

Left in inventory = 10

Therefore,

Addition to GDP:

= Total value of car produced - Imports(parts purchased from foreign countries)

= (Selling price of each car × Total cars produced) - $100,000

= ($20,000 × 30) - $100,000

= $600,000 - $100,000

= $500,000

Hence, total value added to the GDP is $500,000.

5 0
4 years ago
A frequent complaint about matrix organizations is that communications are? Hard to automate Closed and inaccurate Complex Misle
SIZIF [17.4K]

Answer:

Complex

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach.

This ultimately implies that, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.

Basically, the matrix organizational structure can be classified into three (3) categories, these are;

1. Weak matrix structure.

2. Balanced matrix structure.

3. Strong matrix structure.

One of the frequent complaint about a matrix organizational structure is that the exchange or dissemination of informations (communications) are complex because there exist a dual reporting relationships.

7 0
3 years ago
A company's expected receipts from sales and planned disbursements to pay bills is commonly called a:
igomit [66]

Answer:

Cash budget.

Explanation:

A company's expected receipts from sales and planned disbursements to pay bills is commonly called a cash budget.

A cash budget can be defined as a budget consisting of expected cash receipts or estimation of the cash flows and planned disbursements to pay bills, for a business over a specific period of time.

In Financial accounting, a cash budget is typically used to determine whether a business firm has sufficient funds for its smooth operations and evaluate if cash are being spent judiciously or productively. A cash budget comprises of financial items such as costs incurred or expenses paid, revenues generated, payments and loan receipts collected.

5 0
3 years ago
The infant industry argument says that Question 7 options: tariffs should be imposed to allow a new industry in a country to get
Nesterboy [21]

Answer:

The infant industry argument says that Question 7 options:

tariffs should be imposed to allow a new industry in a country to get established.

Explanation:

The argument for the infant industry protectionism suggests that the imposition of tariffs on imports gives a new industry in the country the required breathing space it requires to develop, grow, and be established before it can face competitive forces from outside, which imports imply.  Since newly formed industries often do not command the economies of scale and learning experience that their competitors from other countries may have, therefore, they need to be singularly shaded from external competition until they have achieved similar economies of scale and learning curve.  But, can they attain any competitive edge without learning from competitors?

6 0
3 years ago
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