Based on the direct materials, the direct labor, and the manufacturing overhead, the cost of finished goods on hand is $33,600.
<h3>What is the cost of finished goods on hand for this job?</h3><h3 />
Cost of goods on hand is:
= Cost of goods per unit x Number of goods on hand
Cost of goods per unit is:
= (44,000 + 24,000 + 16,000) / 3,000 units
= $28 per unit
Cost of goods on hand:
= 28 x (3,000 - 1,800)
= $33,600
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Answer:
Unitary Contribution margin= $0.6
Explanation:
Giving the following information:
LMN Company produces a product that sells for $1. The company has production costs of $600,000, half of which are fixed costs. Assuming the production and sales of 750,000 units.
Variable cost= 600,000/2= $300,000
Unitary variable cost= 300,000/750,000= $0.4
Unitary Contribution margin= 1 - 0.4= $0.6
Total contribution margin= $450,000
Answer:
b. School Secretary
e. Librarian
f. Teacher
Explanation:
A school secretary, Librarian, and the teacher are full-time employees in a school. They spend most of their day in school and have offices within the school environment.
School Psychologist, Instructional Designer, and tutor work a few hours in a school. They are unlikely to have offices in the school.
Answer:
March 15 Debit Credit
Dividends $22,470,000
Dividends Payable $22,470,000
March 30 No entry
April 13
Dividends Payable $22,470,000
Cash $22,470,000
Explanation:
In order to record American Eagle's declaration and payment of cash dividends for its 214 million shares first we would require to calculate the dividends as follows:
Dividends=214,000,000 shares*$0.105
Dividends=$22,470,000
Therefore, the journal entries would be the following:
March 15 Debit Credit
Dividends $22,470,000
Dividends Payable $22,470,000
March 30 No entry
April 13
Dividends Payable $22,470,000
Cash $22,470,000
Answer:
GDP Price Deflator
Explanation:
GDP price deflator is a measure of the general changes in the price level of all the finished goods and services in a country in a period. While GDP is a measure of the total output in an economy, the GDP price deflator shows the extent to which prices changed in a period. In proving the effects of price changes, the GDP deflator identifies a base year then compares the current prices to base year prices.
The GDP price deflator allows economists to compare the GDP of different periods while considering the inflation between those periods. It does this by comparing the nominal GDP with the real GDP.
