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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

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Answer: True.

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3 years ago
Historical data shows that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual u
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Answer:

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Explanation:

Unemployment is defined as the number of people in a population that are willing to work and seeking for jobs but do not have employment.

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In the first economy

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6 0
4 years ago
Read 2 more answers
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Answer:

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To begin with, if the employee has past through several positions before then he must understand quite a bit how the company works in its whole and moreover that employee must be trusted due to the fact of the times that he was promoted and therefore that he must have granted access based on his current and past roles but only after being formally reviewed because of the fact of ensuring the effectiveness of the employee.

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