Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

A company produces an item with the following production costs: Unit cost of direct materials: $ 14; unit cost of labor $ 40; Variable GIFs

A company produces an item with the following production costs: Unit cost of direct materials: $ 14; unit cost of labor $ 40; Variable GIFs per unit: $ 29, plus you have a monthly fixed GIF package of $: 58,965

If in the month it produced 1,252 units, calculate the unit cost of production using the absorbent costing system

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

3. Would you expect Louise Owen to have perfect recall for all the facts and information she has encountered in her life, such as textbooks she has read? Why or why not?

Answered: 1 week ago

Question

★★★★★

At the beginning of 2015, the shareholders equity section of the statement of financial position of Ponti Corporation reflected the following: Common shares, no par value, authorized unlimited number...

Answered: 1 week ago

Question

★★★★★

You are going to dinner with three friends, one who likes steak, another who is a wine connoisseur, and the third who is a vegetarian (which is assumed to be the least expensive). Which is true?...

Answered: 1 week ago

Question

★★★★★

The service department allocation method that allocates service departments costs in a sequential fashion starting with the department that serves the largest number of other service departments is...

Answered: 1 week ago

Question

★★★★★

Three Company uses a process organized into two service or support departments (Support 1 and Support 2) and two producing departments (Production 1 and Production 2).Budgeted data for the four...

Answered: 1 week ago

Question

★★★★★

Assume that the differences are normally distributed. Complete parts (a) through (d) below. Observation 1 2 3 4 5 6 7 8 X 46.7 46.8 48.7 43.9 47.5 48.1 44.8 48.3 50.9 47.9 51.6 48.3 47.3 51.2 45.9...

Answered: 1 week ago

Question

★★★★★

this is kimon and he designed a new range of sneakers that are made from recyclable materials such as plastic and rubber. he also made sure that the sole is as comfortable as possible and that these...

Answered: 1 week ago

Question

★★★★★

I'm confused by the pictures here Residential Fire Damage Claims, 2010-2020 14,000 12.000 10,000 8,000 Thousands of Dollars 6,000 - 4.000 2,000 2010 2015 2020 Source: Insurance company records ()...

Answered: 1 week ago

Question

★★★★★

5. Suppose that you get the following regression result from a sample of 277 observations: = 4.57 +0.188x1 - 0.22x2 + 0.171x3 0.92x4 (0.25) (0.040) (0.21) (0.055) (0.33) R = 0.353 The numbers in the...

Answered: 1 week ago

Previous Question Next Question