Basically I don’t know the answer but it wants me to put something
Answer:
$91
Explanation:
Given the following information,
Direct materials per unit = $54
Direct labor per unit = $20
Variable overhead per unit = $6
Fixed overhead for the year = $462,000
For Absorption costing method, it includes all costs associated with production, including fixed and variable cost. The unit product cost is calculated using direct material, direct labor and total unitary manufacturing overhead.
Unitary cost = (Fixed overhead for the year / Units produced) + Direct materials per unit + Direct labor per unit + Variable overhead per unit
Unitary cost = ($462,000 / 42,000) + $54 + $20 + $6
Unitary cost = $11 + $54 + $20 + $6
Unitary cost = $91
Therefore, the product cost per unit is $91
Answer: Option E -- 54.39years old
Explanation:
Compound interest is calculated using compound interest formula. Using compound interest formula, which is A = P(1+(r/n)) ^nt
Where A= Final Amount
P = Initial Principal Amount
r = Interest Rate
n = number of times interest applied per time period
t = number of times period elapsed
You/I would be 54.39years old when you/I retired. Which is Option E
