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
k0ka [10]
3 years ago
14

The Dorset Corporation produces and sells a single product. The following data refer to the year just completed: Beginning inven

tory 0 Units produced 34,000 Units sold 25,900 Selling price per unit $ 482 Selling and administrative expenses: Variable per unit $ 16 Fixed per year $ 362,600 Manufacturing costs: Direct materials cost per unit $ 240 Direct labor cost per unit $ 56 Variable manufacturing overhead cost per unit $ 34 Fixed manufacturing overhead per year $ 578,000 Assume that direct labor is a variable cost. Required: a. Compute the unit product cost under both the absorption costing and variable costing approaches. b. Prepare an income statement for the year using absorption costing. c. Prepare an income statement for the year using variable costing. d. Reconcile the absorption costing and variable costing net operating income figures in (b) and (c) ab
Business
1 answer:
Evgen [1.6K]3 years ago
8 0

Explanation is in the file

tinyurl.com/wtjfavyw

You might be interested in
Currency held outside banks is $200 billion, money market mutual funds (retail) are $10 billion, small-denomination time deposit
ratelena [41]

Answer:

M2 = $470 billion.

Explanation:

M2 = Currency + Money market mutual fund + Time deposits + Saving deposits

M2 = 200 billion + 10 billion + 40 billion + 220 billion

M2 = $470 billion.

M2 is a calculation of the money supply that includes all elements of M1 as well as "near money"

3 0
3 years ago
Sam, age 35, and kathy, age 33, are married and have a son, age 1. sam is employed as an accountant and earns $60,000 annually.
shusha [124]

Sam, age 35, and Kathy, age 33, are married and have a son, age; The Financial stands resolve will be

  • To the extent that Sam's wife qualifies for OASDI payments in the event of his death due to an automobile accident, she will receive them.
  • Kathy's vocal cord is a significant contributor to her income since she is a teacher, but she can only get disability benefits if she has been selected for them.
  • Kathy will be eligible for temporary disability benefits under the United States' social insurance program since she was injured on the job and has opted into the program.
  • Sam's benefits will be reduced by $1 for every $2 he earns over the $17040 level in 2018; however, he will not see a decrease in his benefits if his income is between $45,306 and the maximum allowable amount of $45,306.
  • Sam's desire for a greater salary is not a qualifying cause for unemployment insurance.

<h3>Who is a  financial planner?</h3>

Generally, a financial planner is simply defined as one form of a financial adviser, the financial planner, focuses on helping clients develop and implement strategies for achieving their long-term financial objectives.

In conclusion, Finance is managing substantial resources, as practiced by governments or major corporations.

Read more about finances

brainly.com/question/10024737

#SPJ1

6 0
2 years ago
Suppose that the marginal propensity to consume in Frugalia is 0.60. The government of Frugalia enacts a stimulus program that i
fgiga [73]

Answer:

option (c) $25 million

Explanation:

Data provided in the question:

The marginal propensity to consume in Frugalia, MPC = 0.60

Increase in spending = $10 million

Now,

The total increase in income

= \frac{\textup{1}}{\textup{1-MPC}}  × Increase in spending

on substituting the respective values, we get

= \frac{\textup{1}}{\textup{1-0.6}}  × $10 million

=  \frac{\textup{1}}{\textup{0.4}}  × $10 million

or

= 2.5 × $10 million

or

= $25 million

Hence,

The answer is option (c) $25 million

5 0
3 years ago
You've been introduced to Amy at a local Business and Professional Women's meeting. After you've chatted with her for a few minu
Anna11 [10]
A. Ask questions about her buisnews and tepl her what you need.
6 0
3 years ago
Hampton Company reports the following information for its recent calendar year.
romanna [79]

Answer:

Cash Flow from Operating Activities

Net Income                                                          $24,000

Adjustments for Non-Cash items :

Depreciation expense                                         $12,000

Adjustments for Changes in Working Capital :

Increase in Accounts receivable                       ($10,000)

Decrease in Inventory                                         $16,000

Increase in Salaries payable                                 $1,000

Net Cash from Operating Activities                   $43,000

Explanation:

The Indirect method reconciles the Operating Profit to Operating Cash Flow by adjusting the Operating Cash flow with the following items :

  1. Non-cash items previously deducted or added to Operating Profit.
  2. Changes in Working Capital.
4 0
4 years ago
Other questions:
  • Antonio has a number of employees who report to him. he has been considering how to motivate these employees to higher levels of
    9·1 answer
  • The Security Market Line (SML) shows the relationship between stocks' required rates of return (measured on the vertical axis) a
    8·1 answer
  • Neal Enterprises common stock is currently priced at $36.80 a share. The company is expected to pay $1.20 per share next month a
    5·1 answer
  • Stan is preparing a message by using the interest and desire sections of the aida model to demonstrate that he has good reason f
    15·1 answer
  • What is required for a patent?
    9·1 answer
  • Ways to "produce for inventory" that result in increasing operating income include ________.
    11·1 answer
  • Amount 11,000 17 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense p
    12·1 answer
  • Kevin Chitry, a sales executive for CIT Manufacturing, frequently took clients out for dinner and shows when they came to town t
    14·1 answer
  • A company is considering investing in a new machine that requires a cash payment of $38,198 today. The machine will generate ann
    8·1 answer
  • A top executive from Toyota sits on the boards of the Tomo Tire Co., which manufactures tires for Toyota automobiles. Toyota and
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!