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Svetlanka [38]
3 years ago
12

Sea Company reports the following information regarding its production costs:

Business
1 answer:
kenny6666 [7]3 years ago
8 0

Answer:

correct option is (B) $94.50

Explanation:

given data  

Units produced =  46,000 units

Direct labor = $39 per unit

Direct materials =  $32 per unit

Variable overhead =  $21 per unit

Fixed overhead =  $115,000

to find out

product cost per unit under absorption costing

solution

we find Fixed overhead that is

fixed overhead = \frac{115000}{46000}

fixed overhead = 2.5

so

total cost that is

total cost = Direct labor + Direct materials + Variable overhead + Fixed overhead

product cost = $39 + $32 + $21 + $2.5

product cost = $94.50

so correct option is (B) $94.50

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Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25
Zolol [24]

Answer:

D. -4/5

Explanation:

Given that

Wage rate = $20 per hour

Cost of capital = $25 per hour

Recall that,

Slope of isocost = -(w/r)

Where,

W = wage rate

r = rental cost of capital.

Thus,

Slope of isocost curve

= -(20/25)

= -0.8 or -4/5

Note that, the negative of the ratio is the price of the two inputs. Also isocost is a line showing the various combinations of inputs which cost the same amount.

6 0
3 years ago
Read 2 more answers
The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $30 First
irakobra [83]

Answer:

Fifo Ending Inventory = $ 690

Explanation:

The first in first out method implies that only the units at the end are left out in the ending inventory.                

Fifo Ending Inventory = $ 690

10 units from third purchase at $ 35= $ 350

10 units from second purchase at $ 34= $ 340

Total 20 units FIFo method = $ 690

Working

         

                                                                  Total Cost

Beginning inventory        10 units at $30           $ 300

First purchase                 25 units at $32            $ 800

Second purchase            30 units at $34            $ 1020

Third purchase                10 units at $35            $ 350

6 0
3 years ago
Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers
Artemon [7]

Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

So here the boss is stuck in the production oriented as he full focused on improving the products so that he could produce the high quality products by applying the innovation

Therefore the correct option is A.

8 0
3 years ago
A logically related set of activities that defines how specific business tasks are performed and represents a unique way in whic
ArbitrLikvidat [17]

Answer:

a business process

Explanation:

A business process -

It refers to the steps involved to complete a particular task or project in an organisation or company , is referred to as a business process .

It is the set of activities or task , which are followed and performed till the completion of the project .

Hence , from the given information of the question ,

The correct term is a business process .

6 0
3 years ago
Discuss the importance of index numbers in business
lesantik [10]

Answer: Index numbers are used to measure changes in the value of money. A study of the rise or fall in the value of money is essential for determining the direction of production and employment to facilitate future payments and to know changes in the real income of different groups of people at different places and times.

Explanation:

6 0
2 years ago
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