Help needed ASAP! Will give brainliest;) Try to help on my other questions:)

During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepa

kvasek [131]

Answer:

a. The unit cost of goods manufactured based on the variable costing concept.

=Total variable cost of goods manufactured / Total units Manufactured

= (288,000) /18,000= $ 16

b. The unit cost of goods manufactured based on the absorption costing concept.

=Variable cost of goods manufactured +Fixed manufacturing costs / Total units Manufactured=$288,000+ $12,000/18,000= $ 16.67

Explanation:

a. The unit cost of goods manufactured based on the variable costing concept.

=Total variable cost of goods manufactured / Total units Manufactured

= (288,000) /18,000= $ 16

b. The unit cost of goods manufactured based on the absorption costing concept.

=Variable cost of goods manufactured +Fixed manufacturing costs / Total units Manufactured=$288,000+ $12,000/18,000= $ 16.67

Working

Olympic Inc.

Variable Costing Income Statement

For Year Ended August 31

Sales $297,000

Variable cost of goods sold:

Variable cost of goods manufactured $288,000

Ending inventory (72,000)

Total variable cost of goods sold (216,000)

Manufacturing margin $81,000

Variable selling and administrative expenses (40,500)

Contribution margin $40,500

Fixed costs:

Fixed manufacturing costs $12,000

Fixed selling and administrative expenses 10,800

Total fixed costs (22,800)

Operating income $17,700

4 0

2 years ago

Utility gained with each individual unit of a good that you purchase is called ______________. (select the best answer.) select

xxMikexx [17]

<span>Utility gained with each individual unit of a good that you purchase is called </span>a. marginal utility

This is of high importance because marginal utilities are used to determine how many items a consumer is willing to buy.

6 0

3 years ago

Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi

zzz [600]

Answer: Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Explanation:

From the question, we are informed that Malika just got hired by Amazon to work in upper management and that she currently lives in South Carolina, and has to move to California for the job.

A good economic reason for her to move her personal belongings on her own rather than hiring someone else is Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Since her job will start in a month, that means that she can use the available time she has to move her personal belongings. Assuming, she has something else to do or she'll be busy and will be hard for her to move it on her own, then it'll be logical to request for someone to help her move it but in this case, she can move it herself as the opportunity cost is low.

4 0

3 years ago

Explain the role of an entrepreneur in the economy

Ostrovityanka [42]

To start their own business, usually this supports their local economy however still depending on their success.

5 0

3 years ago

More Hits Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the fol

yuradex [85]

Answer: See explanation

Explanation:

AP = 4.15

SP = 4.0

SQ = 114000 × 2 = 228000

1. Direct Materials Price

= (AQ × AP) - (AQ × SP)

= (246000 × 4.15) - (246000 × 4.0)

= 1020900 - 984000

= 369000 U

2. Direct Materials Quantity

= (AQ × SP) - (SQ × SP)

where SQ = 114000 × 2 = 228000

= (220000 × 4.0) - (228000 × 4.0)

= 880000 - 912000

= 32000 F

3. Direct Labor Price

= (AH × AR) - (AH × SR)

= (58700 × 9.8) - (58700 × 10)

= 575260 - 587000

= 11740

4. Direct Labor Quantity

= (AH × SR) - (SH × SR)

where, SH = 114000 × ½ = 57000

= (58700 × 10) - (57000 × 10)

= 587000 - 570000

= 17000 U

5. Total Overhead Variances

= 352000 - (57000 × 6)

= 352000 - 342000

= 10000 Unfavorable

Check attachment for further details

8 0

3 years ago