Answer:
B) increased by 5,000 units
Explanation:
For computing the inventory level, first we have to determine the fixed cost per unit which is shown below:
Fixed cost per unit = Total fixed cost ÷ number of units produced
=$60,000 ÷ 10,000
=$6
Now the inventory level would be
= (Net operating income using absorption costing - Net operating income using variable costing) ÷ (Fixed cost per unit)
= ($95,000 - $65,000) ÷ $6
= $30,000 ÷ $6
= 5,000 units increased
Solution:
a) Deposits= Bank Reserves/ (Reserve-deposit ratio)
= $250 / 0.25 = $1,000
Money supply =Currency held by the public+ Deposits
= $200 + $1,000 = $1,200
b) The savings and currency of the country are equivalent in this case. Its worth should be equal to x and deposits should have money supply less currency.
r = reserves/total deposits
0.25 = x / ($600 - x)
x = 150 - 0.25x
1.25 x =150
x =120
So, the currency held by public is $120
Bank reserves are $120
c) As the money supply is $1,400 and the public holds $500 in currency, bank deposits must equal $900
If bank reserves are $90,
the desired reserve/deposit ratio equals $90/$900 = 0.1
Answer:
The cost per unit for product B is<em> $ 15 per unit</em>
Explanation:
Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.
<u>Step 1 Prepare a Manufacturing Cost Summary for Product B</u>
Direct materials $ 15,000
Direct labor $24,000
Overhead costs($24,000/$36,000) × $54,000 $36,000
Total Cost for Product B $75,000
<u>Step 2 Calculate the Cost Per Unit for Product B</u>
Cost Per Unit = Total Cost / Number of Units Produced
= $75,000 / 5,000 units
= $ 15 per unit
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