1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bad White [126]
2 years ago
14

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

tions: Selling price $ 165 Units in beginning inventory 0 Units produced 12,700 Units sold 12,000 Units in ending inventory 700 Variable costs per unit: Direct materials $ 53 Direct labor $ 48 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 406,400 Fixed selling and administrative expense $ 216,000 What is the total period cost for the month under variable costing
Business
1 answer:
Sedaia [141]2 years ago
7 0

Answer: $670,400

Explanation:

Period costs are not included in direct production and in this instance include:

  • Variable selling and administrative expense
  • Fixed manufacturing overhead
  • Fixed selling and administrative expense

Period costs = (12,000 * 4) + 406,400 + 216,000

= $670,400

You might be interested in
Identify the accounting assumption or principle that is described below. (a) Belief that a company will remain in operation for
Leviafan [203]

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

(b) Indicates that personal and business record-keeping should be separately maintained.

Accounting assumption or principle: Economic entity assumption

(c) Only those items that can be expressed in money are included in the accounting records.

Accounting assumption or principle: Monetary unit assumption

(d) Separates financial information into time periods for reporting purposes.

Accounting assumption or principle: Periodicity assumption

(e) Measurement basis used when a reliable estimate of fair value is not available.

Accounting assumption or principle: Historical cost principle

(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.

Accounting assumption or principle: Full disclosure principle

4 0
3 years ago
20 points, 1 question , some reading
kow [346]

my insta dfl.jacob i can help you

3 0
3 years ago
While creating its AFI strategy framework, Valdez Consultants decided what markets the firm should compete in.
cluponka [151]

Answer:

B. corporate strategy

Explanation:

Corporate strategy -

According to this strategy , the approach adapted for any decision making process , so as to get the maximum advantage to the business , is referred to as corporate strategy .

During this strategy , the company need to look for various business or company in order to make the best decision to obtain maximum profit .

Hence, from the given statement of the question ,  

The correct option is B. corporate strategy .

6 0
3 years ago
Productive resources are _____. A.factors that are used to make goods and services
svp [43]
Productive resources are factors that are used to make goods and services
7 0
3 years ago
A "foreign bond" issue is
cupoosta [38]

Answer:

d. both b and c

A foreign bond is when a foreign entity issues a bond in a local market and in local currency so for example if a Italian company issued a bond to borrow money from American markets, and the bond was issued in USA and it's currency was dollars then it would be classified as a foreign bond so in this case both B and C are correct because a German MNC issuing dollar denominated bonds is an example of a foreign entity issuing a bond in a local market denominated in local currency, and a bond issues by a foreign borrower to investors in national market and denominated in that nation's currency is also an example of a foreign bond

Explanation:

7 0
2 years ago
Other questions:
  • According to revised weight-loss prediction equations, a deficit of 10 kilocalories per day leads to an average weight loss of _
    8·1 answer
  • Is the most critical step of the decision-making process?
    8·1 answer
  • If investors believe that a stock is not providing a return that sufficiently compensates them for the risk of the stock, they w
    7·1 answer
  • Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
    6·1 answer
  • On July 9, Mifflin Company receives a $10,400, 90-day, 8% note from customer Payton Summers as payment on account. What entry sh
    13·1 answer
  • Under its executive stock option plan, N Corporation granted options on January 1, 2021, that permit executives to purchase 12.0
    15·1 answer
  • The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment, of $600. The bad debts are estim
    15·2 answers
  • Total revenue equals A. change in price per unit times quantity sold. B. price per unit times change in quantity sold. C. price
    12·1 answer
  • . Underwater Experimental is considering a project which requires the purchase of $498,000 of fixed assets. The net present valu
    10·1 answer
  • ellis university, a private, nonprofit university receives a letter pledging to donate $1,000,000 to the university. the pledge
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!