Answer:
Profit= $106,682.52
Explanation:
Giving the following information:
Unitary Variable costs:
Direct material= 3,200
Direct labor= $2,300 ($15 per hour)= 153.33 hours
Manufacturing overhead is applied at $18 per direct labor hour.
Units sold= 42
Selling price= $10,800
Profit= Total sales - total variable cost
Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52
Answer:
a coupon bond that pays a fixed coupon rate and does not mature
Explanation:
Answer:
to manage financial records
to create advertisements
to catalog tax records
to e-mail clients
to create invoices
Explanation:
Answer:
The organization charged with protecting investors and the public by requiring full disclosure f financial information by companies offering securities to the public is the:_______
d. Securities and Exchange Commission.
Explanation:
The SEC (Securities and Exchange Commission) is an organization that has continued to discharge three main responsibilities with regards to the securities market. It has protected investors' investments in the capital market, maintained fair, orderly, and efficient capital markets, and facilitated capital formation. It regulates investments and the exchange of securities. It restores confidence in the capital market. It also provides transparency into the financial workings of U.S. companies.
Answer:
Companies that use ABC allocate all costs including direct materials, direct labour and manufacturing overhead to the product based on an activity cost allocation rate.
This statement is False.
Explanation:
In ABC, it is only the overhead that will be allocated to the product based on an activity cost allocation rate (cost drivers). Direct material cost and direct labour cost will be recorded at the actual cost incurred on direct material and direct labour.
