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Ludmilka [50]
3 years ago
14

Use the information below for Jensen Company to answer the question that follow. Direct materials used $345,000 Direct labor inc

urred 250,000 Factory overhead incurred 400,000 Operating expenses 175,000 Jensen Company's product costs are a.$825,000 b.$995,000 c.$920,000 d.$770,000
Business
2 answers:
AnnZ [28]3 years ago
8 0

Answer:

b.$995,000

Explanation:

Jensen Company

Direct materials used $345,000

Direct labor incurred 250,000

Factory overhead incurred 400,000

Product cost $995,000

Therefore Jensen Company's product costs is $995,000

Direct materials used $345,000 + Direct labor incurred 250,000 +Factory overhead incurred 400,000 =$995,000

kondaur [170]3 years ago
3 0

Answer:

Jensen Company's product costs are b.$995,000

Explanation:

Product Cost <em>includes</em> all Manufacturing Costs. Non-Manufacturing Costs are treated as <em>expenses</em> during the current period

<u>Calculation of Jensen Company's product costs</u>

Direct materials                       345,000

Direct labor incurred               250,000

Factory overhead incurred     400,000

Total                                          995,000

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3 years ago
Suppose Megan is considering emigrating from her home country.
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a. emigrate

b. more

Explanation:

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3 years ago
A monopolist faces a demand curve given by: P = 105 – 3Q, where P is the price of the good and Q is the quantity demanded. The m
geniusboy [140]

Answer: 15

Explanation:

For profit to be maximized by a monopolist, the marginal revenue and marginal cost must be gotten.

P= 105-3Q

MC= 15

Since total revenue is price × quantity, TR= P×Q = (105-3Q)Q

= 105Q-3Q^2

MR= 105-6Q

Since we've gotten marginal revenue and marginal cost, we equate both together.

MR=MC

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6 0
3 years ago
Budgeting material purchases budget. The Howell Company has prepared a sales budget of 42,000 finished units for a 3- month peri
tangare [24]

Answer:

The number of Gallon materials Howell company should buy is 166000 Gallons

Explanation:

Finished goods

opening inventory               11000

produced                                            

closing inventory                13000

finished goods sold            42000

using the bottom up approach to get goods produced

sold goods + closing goods - opening goods = produced =44000 goods

Direct material ( Gallons)

opening materials                  66000

purchased                             166000              

available for use                   232000

used in production                 176000

closing gallons                       56000

We use the bottom up approach to get the materials to be purchased

closing stock plus used in production to get available for use then subtract opening material to get purchased = 166000

4 0
3 years ago
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Nonamiya [84]

Answer:

market maven

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The term is associated with the person, who has the complete knowledge of the goods and services and the market , is referred to as a market maven.

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The correct answer is market maven .

7 0
3 years ago
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