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
olasank [31]
3 years ago
10

abuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S

elling price $ 135 Units in beginning inventory 0 Units produced 2,700 Units sold 2,210 Units in ending inventory 490 Variable costs per unit: Direct materials $ 37 Direct labor $ 27 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 8 Fixed costs: Fixed manufacturing overhead $59,400 Fixed selling and administrative expense $6,630 The total gross margin for the month under the absorption costing approach is:
Business
1 answer:
Arada [10]3 years ago
3 0

Answer:

$92,820

Explanation:

Calculation to determine what The total gross margin for the month under the absorption costing approach is:

First step is to calculate the Absorption costing unit product cost

Direct materials $ 37

Direct labor $ 27

Variable manufacturing overhead $ 7

Fixed manufacturing overhead cost $22 ($59,400/2,700)

Absorption costing unit product cost $93

Now let calculate the The total gross margin for

Sales $298,350

($ 135 per unit × 2,210 units)

Less Cost of goods sold $205,530

($93 per unit × 2,210 units)

Gross margin $92,820

($298,350-$205,530)

Therefore The total gross margin for the month under the absorption costing approach is:$92,820

You might be interested in
Which trade strategy have developing countries used to replace commodity exports with exports such as processed primary products
Igoryamba

Answer: Export promotion

Explanation: Economic policies made by the government in other to encourage the sale and marketing of it's product or derivative of the nation's natural resources beyond the local market, allowing foreign or international trading of goods produced locally. With export promotion, commodity export which often involves selling raw materials as is, developing countries can take advantage of the several derivatives of a certain raw material before preparing for export which will boost revenue and also ensure that the local market get more in return. Export promotion strategies has allowed local industries sit up and rise to the challenge and compete with foreign rivals in the processing, production and manufacturing of goods.

3 0
3 years ago
Dannon Co. reported its expenses of $35,200 on the cash basis. Corporate records revealed the following information: Beginning p
Elena-2011 [213]

Answer:

Explanation:

The computation of expense amount is shown below:

=  Expenses - adjusted prepaid expense + adjusted accrued expense

= $35,200 - $500 -  $450

=  $34,250

The adjusted prepaid expense is computed by

= Ending balance of prepaid expense - beginning balance of prepaid expense

= $1,800 - $1,300

= $500

And, the The adjusted accrued expense is computed by

= Ending balance of accrued expense - beginning balance of accrued expense

= $1,200 - $1,650

= -$450

8 0
2 years ago
Help please <br> ////////////
ch4aika [34]

Answer:

What is this for???

Explanation:

8 0
3 years ago
a1. Lobo Company purchased equipment for $40,000 with a useful life of five years and no expected salvage value. Prepare the adj
Pavel [41]

Answer:

a1. Dr Depreciation Expense $8,000

Cr Accumulated Depreciation $8,000

a2. $24,000

b2. December 31

Dr Wages Expenses $440

Cr Wages payable $440

Explanation:

a1. Preparation of the adjusting entry for the first year using the straight-line depreciation method.

Dr Depreciation Expense $8,000

Cr Accumulated Depreciation $8,000

($40,000/5 years)

a2. Computation of the book value at the end of the second year of the equipment's life.

First step is to calculate the First year Book value

First year Book value=$40,000/5 years

First year Book value=$8,000

Second step is to calculate the Second year Book value

Second year Book value=($40,000+$40,000)/5 years

Second year Book value=$80,000/5 years

Second year Book value=$16,000

Now let compute the book value at the end of the second year of the equipment's life.

Book value at the end of the second year=$8,000+$16,000

Book value at the end of the second year=$24,000

Therefore the Book value at the end of the second year will be $24,000

b1. Preparation of the adjusting entry on December 31

December 31

Dr Wages Expenses $440

Cr Wages payable $440

($2,200/5 years)

3 0
2 years ago
In reviewing a bank's balance sheet, the liabilities are greater than the assets. What is the best explanation that could
Alex777 [14]

Answer:

cash

Explanation:

The top line, cash, is the single most important item on the balance sheet. Cash is the fuel of a business. If you run out of cash, you are in big trouble unless there is a "filling station" nearby that is willing to fund your business

6 0
2 years ago
Read 2 more answers
Other questions:
  • John: "I will sell you my laptop computer for $330." Mary: "Will you include the carrying case"? John: "Sold." a. There is a con
    9·1 answer
  • Adamis the owner/operator of a flower shop. Last year he earned $250,000 in total revenue. His explicit costs were $175,000 paid
    6·1 answer
  • Rob, Dave, and Kelly understand the financial risks involved in starting their own brewery; that's why they've established their
    12·1 answer
  • Preferred stocks share characteristics with which of the following? A-Common stocks and corporate bonds. B-Real estate and commo
    7·2 answers
  • The numerator of the return on total assets is: a.net income. b.net income minus preferred dividends. c.net income plus tax expe
    12·1 answer
  • Explain one way an entrepreneur might identify a new business idea
    15·1 answer
  • The following information relates to a product produced by Orca Company: Fixed selling costs are $1,000,000 per year. Although p
    6·1 answer
  • Suppose people cannot tell for sure whether they will fall ill in any given year. High-risk people correctly perceive their chan
    10·1 answer
  • Tom cruise wore bausch and lomb's ray-ban sunglasses in the movie risky business, and sales skyrocketed. the appearance of the s
    14·1 answer
  • Drag each label to the correct category. the economy of a country has been growing at an annual rate of 8%. determine the causes
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!