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Galina-37 [17]
3 years ago
12

Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Vari

able costs per unit: Direct materials $ 51 Direct labor $ 12 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs per year: Fixed manufacturing overhead $441,000 Fixed selling and administrative expense $112,000 The absorption costing unit product cost is:________
a. $65 per unit
b. $128 per unit
c. $63 per unit
d. $149 per unit
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

unitary absorption production cost= $128

Explanation:

The a<u>bsorption costing method</u> includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>

<u></u>

Unitary fixed overhead= 441,000 / 7,000= $63

<u>Now, the unitary absorption production cost:</u>

unitary absorption production cost= 51 + 12 + 2 + 63

unitary absorption production cost= $128

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Jerry’s loan had a principal of $22,000. He made quarterly payments of $640 for nine years until the loan was paid in full. Ho
kobusy [5.1K]

The amount Jerry paid in interest is $1,040.

The given details are:

Jerry's principal amount = $ 22,000,

quarterly payment for each quarter = $ 640

Total time for which Jerry paid each quarter = 9 years

As we know, one-year consists of nine quarters and therefore the nine years will consist of 36 quarters.

\begin{aligned}\text{Total amount paid by Jerry}=\text{Quarterly payment} \times \text{No. of quarters}\end{aligned}

\begin{aligned}\text{Total amount paid by Jerry}={\$640} \times {36}\end{aligned}

\begin{aligned}\text{Total amount paid by Jerry}=\$23,040\end{aligned}

Thus, the total amount paid by Jerry for nine years in each quarter is $23,040.

\begin{aligned}\text{Amount of Interest}& = \text{Amount jerry paid} - \text{Principal Amount}\\\text{Amount of Interest}& = \$23,040-\$22,000\\\text{Amount of Interest} &= \$1040\end{aligned}

 

Therefore, the correct option is b.

To know more about the calculation of the interest, refer to the link below:

brainly.com/question/16242041

8 0
3 years ago
BE9.1 (LO 1), AN Maris Company uses the following budgets: balance sheet, capital expenditure, cash, direct labor, direct materi
maks197457 [2]

Answer:

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4 years ago
A city starts a solid waste landfill during 2017. When the landfill was opened the city estimated that it would fill to capacity
Allushta [10]

Answer:

The interpretation of the particular question is outlined in the following segment on the clarification.

Explanation:

The facility was indeed 20 percent full by either the end of December 2017 therefore the 3,00,000 would still have been recognized as an expenditure.

The facility also seems to be 45 percent complete at either the end of 2018, meaning that the 3,75,000 will have been accepted as expenditures,

⇒  1,500,000\times (45 \ percent-20 \ percent)

By most of the end of the decade, the financial sheet provides a snapshot 6,75,000 although this debt would be,

⇒  1,500,000\times 45 \ percent

So 3,75,000 should have been shown as the cost of the rest in the financial information for 2018, as well as 6,75,000 would have been shown as contractual obligations.

6 0
3 years ago
Consider these situations. In each situation, is the demand for the good elastic or inelastic?
Kryger [21]

Answer:

Explanation:

Demand is the amount of a good or service consumers wants

| Consumer demand can change often; for many reasons

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3 0
4 years ago
Read 2 more answers
If the revenue for a certain product is $9.00 each and the company sells x products, then the revenue equation is R = 9x. If the
zvonat [6]

Answer:

The company must sell 10,00 products to break even

Explanation:

If you use the approached suggested in the question,  you can solve for break even quantity by setting revenue to equal cost

R = C => 9x = 50,000 + 4x => 5x = 50,000 => x =10,000

<u>Double check: </u>

10,000 products sold as $9 would fetch $90,000 in revenue

Producing 10,000 products would incur 50,000 + 4 * 10,000 = $90,000 in total costs

=>The solution is correct

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