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mrs_skeptik [129]
3 years ago
8

Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $8,000 Direc

t labor 3,100 Manufacturing overhead 2,500 Selling expense 7,000 Last month, 5,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. Direct materials Direct labor Manufacturing overhead Selling expense 2. What is the total product cost for last month
Business
1 answer:
alexgriva [62]3 years ago
4 0

Answer:

See below

Explanation:

1. Classify each of the products as period or product cost .

Direct materials - Product cost

Direct labor - Product cost

Manufacturing overhead - Product cost

Selling expense - Period cost

2. The total product cost for last month is calculated as;

= Direct materials + Direct labor + Manufacturing overhead

= $8,000 + $3,100 + $2,500

= $13,600

Therefore, total product cost for last month is $13,600

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Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for 45 days for $9,000 and used it for 12 d
Neko [114]

Answer:

Total loss = 3,592.1053

Explanation:

Given:

Income from rent (For 45 days) = $9,000

Personal use = 12 days

Mortgage = $8,000

Property taxes = $2,000

Utilities = $1,200

Maintenance = $750

Depreciation = $4,000

Computation:

Total Allocated expenses = 45 days / 57 days [$8,000 + $2,000 + $1,200 + $750 + $4,000]

Total Allocated expenses = 45 / 57 [15,950]

Total Allocated expenses = $12,592.1053

Total loss = Total Allocated expenses - Income from rent

Total loss = $12,592.1053 - $9,000

Total loss = 3,592.1053

3 0
3 years ago
Consider an event you are familiar with, such as a baseball game, a rock concert, or delivering delivering product to a customer
Kay [80]

The correct answer to this open question is the following.

I am going to consider a rock concert. I am familiar with this event.

This is the logistics needed and the sequence in organizing this particular event.

1.- The promoter contacts the talent agency to negotiate with the band's management.

2.- The promoter has scheduled some dates in a specific venue where it is going to organize the show.

3.- The promoter and the manager negotiates the band fees.

4.- Both sign an agreement.

5.- THe promoter confirms the show with the venue.

6. The promoter order the printing of the tickets.

7.- The promoter double-checks all the permissions and authorizations required by the local government, according to the characteristics of the show.

8.- The promoter notifies the fire department, the police department, the traffic department, and rents medical or emergency services for the day of the show.

8.- The band's manager sents the "rider," the document where the band specifies its catering, backstage, rigging, light, and sound system. This document also includes hotel rooms, ground transportation necessities, and flight tickets.

9.- The promoter starts the marketing and promotion of the show in mass media outlets and social media.

10.- The promoter rents all the equipment needed.

11.- Everything is ready for the day of the show.

6 0
3 years ago
Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The da
Vikki [24]
Oh okie so I can see you at church ⛪️
3 0
3 years ago
(I) Banks are financial intermediaries that accept deposits and make loans.
m_a_m_a [10]

Answer:

A) (I) is true, (II) false.

Explanation:

Banks are financial intermediaries that accept deposits and make loans.

However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.

5 0
3 years ago
motors are packaged for sale in a certain warehouse. The motors sell for $100 each, but a double-your-money-back guarantee is in
ss7ja [257]

Answer:

$840

Explanation:

the question misses an important detail, number of motors.

I used 10 as the total number of cars. from the solution i believe you would be able to solve any other problem of this sort yourself.

n = 10

p = 1-probability of any 1 motor being defective

= 1-0.08

= 0.92

going further in solving this problem, i will use the binomial distribution

we have expected value as;

Σxp(x)

= $100 x p(of 100) - $100 x p(of losing 100)

= 100(0.92) - 100(0.08)

= 92 - 8

= $84

from here we multiply 84$ by n

remember n =  total number of cars = 10

10 x $84

= <u>$840</u>

6 0
4 years ago
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