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
Hitman42 [59]
4 years ago
8

Vaughn Manufacturing sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no

beginning inventory). Costs per unit are: direct materials $24, direct labor $14, and variable overhead $3. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. Cost of goods sold under absorption costing is
Business
1 answer:
mariarad [96]4 years ago
3 0

Answer:

Inventory= $530,000

Explanation:

Giving the following information:

Vaughn Manufacturing sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory).

Costs per unit:

direct materials $24

direct labor $14

variable overhead $3.

Fixed costs are:

$720000 manufacturing overhead

Manufacturing cost under absorption costing= direct material + direct labor + variable manufacturing overhead + fixed manufacturing overhead

Manufacturing cost under absorption costing= 24* 60,000 + 14*60,000 + 3*60,000 + 720,000= $3,180,000

Unitary cost= 3,180,000/60,000= $53

Inventory= 53*10,000= $530,000

You might be interested in
Miguel has been working at his job for 3 years and already filled out a W-4 when he was first hired. This year, he just got marr
Illusion [34]

Based on the information regarding the W-4, the thing that should be done next will be C. Request to fill out a new W-4 from his employer.

The W-4 form simply tells the employer, the filing status of the employee, amount of credits, multiple jobs adjustment, amount of other income, deductions, etc that are needed to compute the federal income tax.

Since Miguel was single when he started working with the company but was now married, he should request to fill out a new W-4 from his employer.

Learn more about tax on:

brainly.com/question/1133253

5 0
2 years ago
Read 2 more answers
Which of the following factors will increase GDP and also achieve sustained​ growth?
Salsk061 [2.6K]

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

7 0
3 years ago
InfoQEN received an order to supply Wi-Fi routers for a company. The brief mentioned that the router should connect up to 10 dev
Naily [24]

Answer:

InfoQEN didn't receive complete information regarding all the required product specifications.

Explanation:

InfoQEN was only told that the WiFi router should connect up to 10 devices simultaneously, the client never mentioned at what distance these devices would be located. Obviously that is a serious issue since the router doesn't work properly because it was never meant to fulfill unknown client's needs.

5 0
3 years ago
You work in HR. You are leading a cross-functional team that is preparing recommendations on how to improve the company’s recrui
Sholpan [36]

Answer: Your team members should work together closely to write each section of the report.

                                             

Explanation: As per the given case, the initial investigation has already been done by the team.Thus, in the second phase they will need to gather different ideas and perspectives that should be implemented for achieving the goals.

Hence they should work closely so that more and more of ideas could be considered.

3 0
4 years ago
Why can the distinction between fixed costs and variable costs be made in the short run? Classify the following as fixed or vari
Vedmedyk [2.9K]

Answer:

Variable costs are costs that vary with production. If production rises, the variable cost rises.

Fixed cost are costs that do not vary with production.

The time frame and contracts allows for distinction between fixed and variable cost in the short run.

in the short run, some costs of production cannot be changed for various reasons. Some of the reasons include, supply contract and Labour laws. Due to labour contracts, it might be difficult if not impossible to change wages paid to workers or fire workers. This makes wages fixed in the short run.

Some costs can be varied easily, for example if sales are low, shipping cost would reduce because the amount of orders are smaller.

, nd

Fixed costs include:

advertising expenditures

interest on company-issued bonds

payments for raw materials

Real estate tax

Executive salary

insurance premiums

wage payments

depreciation and obsolescence charges

rental payments on leased office machinery

Variable costs include :

fuel

shipping charges

sales taxes

All costs are variable in the long run because in the long run production decisions which appeared fixed can be changed. For example, Labour contract can end and the firm can decide to adjust or retain the contract in line with the current economic situation. The firm can decide to move to a cheaper location and reduce rental cost.

Explanation:

7 0
3 years ago
Other questions:
  • Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock ou
    14·1 answer
  • Bronigan’s, a maker of handheld video games, recently analyzed its manufacturing process to identify value-added and non-value-a
    5·1 answer
  • The latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once
    14·1 answer
  • Chapter 13: Statement of Cash Flows Amount OA, IA, or FA (for extra credit only) Accounts payable increase $ 9,000 Accounts rece
    5·1 answer
  • 22.2
    9·1 answer
  • colin, who is a paralegal for a powerful manhattan law firm, likes the fast pace of his work and the fact that things are always
    10·2 answers
  • Companies and their customers working together to develop products that meet customer needs is known as​ ________.
    9·1 answer
  • In an ideal situation, the waste of one firm becomes the resource of another, and such synergies can create eco-industrial parks
    6·1 answer
  • A firm's total revenue can be determined by Group of answer choices None of the Answers are Correct. Fixed costs minus quantity.
    10·1 answer
  • Ajax Corp.'s sales last year were $435,000; its operating costs were $362,500; and its interest charges were $12,500. What was t
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!