Social workers help to improve the quality of life for their clients.

Clear Company reports the following information for its first year of operations: Units produced this year 50,000 units Units so

Strike441 [17]

Answer:

The question is not complete. The company's cost per unit of finished goods was not added in the given data. The solution below is for $19.30 of company's cost per unit. The formula used is applicable to any unit cost given to you.

The answer is option (B) $255,000

Explanation:

Solution:

Given Data;

Units of goods Produced = 50,000

Units of goods sold = 49,000

Direct materials = $7

Direct labor = $3

Variable overhead = $210,000

Cost per unit of finished goods $19.30 ( added value)

Step 1: Calculating the total excluding fixed overhead;

<h3>Total excluding fixed overhead =</h3><h3>variable overhead + direct materials + direct labor---------1</h3>

Substituting the given values into equation 1, we have

Total excluding fixed overhead = (210,000/50000) + 7 + 3

= 4.2 +7+3

=$14.2

Step 2: Calculating fixed overhead of company's per unit goods;

Fixed overhead per unit= Total cost per unit of finished goods - Total

excluding fixed overhead -----------------2

Substituting into equation 2, we have

Fixed overhead per unit = 19.3 -14.2

= $5.1 ( for 1 unit)

Step 3: Calculating the total fixed over head;

Total fixed overhead = Units produced × Fixed overhead per unit------3

Substituting into equation 3, we have

Total fixed overhead = 50,000 × 5.1

= $255,000

7 0

3 years ago

One of the hardest things about handling money is balancing short-term needs and wants with long-term needs and wants. How can y

Kay [80]

Opening an interest-bearing account is a form of investment. Deciding on opening it means that you are a business minded person. A business person knows how to leverage their income. In leverage income, there are 2 sides: linear income and residue income. Linear income means you work to get paid while in residue income, your money works for you. There's nothing wrong with both sides except the time and effort exerted to get an income. Sacrifice is one of the important keys to have residual income even in linear but if the goal is to have a better future, then sacrifice is one big obstacle to overcome.

6 0

3 years ago

SPINX, INC. Statement of Earnings For the Year Ended December 31, CURRENT YEAR Net sales $ 4,395,253 Costs and expenses: Cost of

Ratling [72]

Answer:

a.) Income Statement for the year

Revenue

Operating Revenue Net sales $4,395,253

Less: Expenses

Cost of goods sold ($2,821,455)

Operating expenses ($1,004,396) ($3,825,851)

Earnings before Interest and Taxes $569,402

Add: Other Income Interest revenue $15,797

Earnings before Taxes $585,199

Less: Taxes ($204,820)

Net earnings $380,379

Earnings per share $1.70

Number of shares = $380,379/$1.70 = 223,752 shares

b.) 1 Gross profit rate

= gross profit/Net sales

Gross profit = Net sales - Cost of goods sold = $4,395,253 - $2,821,555 = $1,573,698

Rate = $1,573,698/ $4,395,253 = 35.8045%

b.) 2 Net income as a percentage of net sales = ($380,379/$4,395,253) X 100 = 8.654%

b.) 3 Return on assets = (Net income/Average assets) X 100 = ($380,379/$2,575,000) X 100 = 14.772%

b.) 4. Return on equity for the year = (Net income/Average equity) X 100 = ($380,379/$1,917,000) X 100 = 19.8424%

3 0

4 years ago

Increasing opportunity costs of producing goods imply that the production possibilities curve will be?

Artyom0805 [142]

Increasing opportunity costs of producing goods imply that the production possibilities curve will be bowed outward. In a recent Page One Economics: Money and Missed Opportunities, senior economic education specialist Andrea Caceres-Santamaria explains that opportunity cost is the value of the next-best alternative .

when a decision is made; it is what is forfeited. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. A company owner wants to increase the number of production available. The potential worth of that money being spent somewhere else or saved for the future is known as the opportunity cost.

To learn more about opportunity cost, click here.

brainly.com/question/13036997

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6 0

2 years ago

What is your stratic plan to solve personnal shortages at the Ambulatory Surgary Center

Rasek [7]

An efficiency-based multicriteria strategic planning model

can solve personnel shortages in the Ambulatory Surgery Centers. The plan will

focus on perfectly matching the resources to the increased demand to adequately

and effectively respond to the need.

You will need to research on the most cases that the

Ambulatory Surgery Center requires manpower. The goal will be to identify which

cases require similar care so that a healthcare personnel can strategically and synchronously cater to more

patients with similar healthcare needs requiring less time and effort to

complete tasks. A research identifying which cases need constant, extended or periodic care will also be needed to determine the average number of personnel is needed.

A successful plan will reflect an adequate healthcare team able to efficiently respond to the responsibilities in the Ambulatory Surgery Center.

7 0

3 years ago