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NARA [144]
3 years ago
10

1. What is the incremental manufacturing cost incurred if the company increases production from 29,750 to 29,751 units

Business
1 answer:
Alex3 years ago
8 0

Answer:

$17.90  

Explanation:

The below is missing from the question:

Kubin Company’s relevant range of production is 28,000 to 31,500 units. When it produces and sells 29,750 units, its average costs per unit are as follows:

Amount per Unit

Direct materials  $8.80

Direct labor $5.80

Variable manufacturing overhead $3.30

Fixed manufacturing overhead $ 6.80

Fixed selling expense $ 5.30

Fixed administrative expense $ 4.30

Sales commissions $ 2.80

Variable administrative expense $ 2.30

In order to determine the incremental manufacturing cost by increasing the volume of production from  29,750 to 29,751 units, we simply compute the extra variable cost of producing one extra unit since 29,751 units are still within the relevant range of output, no extra fixed costs would be incurred.

extra cost per unit=direct materials+direct labor+Variable manufacturing overhead

Sales commissions and Variable administrative expense are not included because they are not manufacturing costs

extra cost per unit= $8.80 +$5.80 +$3.30 =$17.90  

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On Jan. 2, Callie Taylor invests $40,000 into the business in exchange for common stock. She journalize the transaction as follo
castortr0y [4]

Answer:

See explanation section.

Explanation:

The correct journal to record this transaction is -

Cash                    Debit          $40,000

Common stock   Credit         $40,000

Note: As Callie Taylor invests the amount in exchange for common stock, An asset (cash) will be increased, and equity (common stock) will be increased. An increase in asset means debit, while an increase in equity means credit.

6 0
3 years ago
Joslyn Company manufactures metal brackets. The estimated number of metal bracket sales for the first three months of the curren
Alexus [3.1K]

Answer:

Production= 1,240 units

Explanation:

Giving the following information:

Sales:

February= 1,250

March= 1,200

Desired ending finished goods inventory is equal to 20 percent of the next month's sales.

To determine the production required for February, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 1,250 + (1,200*0.2) - (1,250*0.2)

Production= 1,240 units

7 0
3 years ago
Suppose that Inventories fall by $2 billion, Consumption increases by $8 billion, Welfare Payments decline by $3 billion, Export
Georgia [21]

Answer: <u><em> The measured-GDP would increase by $5 billion.</em></u>

Explanation:

Given :

Inventories fall by $2 billion,

Consumption increases by $8 billion,

Welfare Payments decline by $3 billion,

Export increases by $1 billion

Import also increases by $2 billion.

Note: While calculating GDP we will not include Welfare payments in it.

GDP = C + I + G + (X-M)

GDP = -2 + 8 + 1 - 2

GDP = $5 billion  

8 0
3 years ago
When Elizabeth was asked to be the after-dinner speaker for the senior honors dinner, she responded with great enthusiasm. She v
Helga [31]
D. To entertain. Elizabeth wants to help them enjoy themselves and also wants them to reflect on the past years
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3 years ago
Sheryl’s Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1
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Answer:

What are earnings before interest and taxes?

To find this figure, we substract the cost of goods sold, general and administrative expenses, and depreciaction expense from the total sales:

Earnings Before Interest and Taxes (EBIT) = $10,000 - $6,500 - $1,000 - $1,000 = $1,500

What is net income?

To find the net income, we take the EBIT we found above, and substract from it the interest expense, which gives us the taxable income:

Taxable Income = $1,500 - $500

                           = $1,000

Now that we have the taxable income, we multiply this figure by the tax rate, to obtain the tax expense.

Tax expense = $1,000 x 35%

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Finally, our net income is equal to the taxable income minus the tax expense:

Net Income = $1,000 - $350

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What is cash flow from operations?

We add the non-cash expenses to net income to find this figure. In this case, we only have one non-cash expense: depreciation expense.

Cash flow from operations = $650 + $1,000

                                              = $1,650

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