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

Recommended Textbook for

Venture Capital And The Finance Of Innovation

Authors: Andrew Metrick

1st Edition

0470074280, 9780470074282

More Books

Students also viewed these Finance questions

Question

★★★★★

Determine whether the geometric series is convergent or divergent. If it is convergent, find its sum. a. 3 - 4 + 16/3 - 64/9 + ... b. 10 - 2 + 0.4 - 0.08 +... c. 6(0.9) n-1

Answered: 1 week ago

Question

★★★★★

Beta industry estimates that it will sell 24,000 units of its product for the forthcoming year. The ordering cost is ! 150 per order and the carrying cost per unit per year is 20 per cent of the...

Answered: 1 week ago

Question

★★★★★

For a certain make of a car, spare parts are produced by two manufacturers, A and B. The total production of the manufacturer B is n times as large as that of A. The proportions of defective spare...

Answered: 1 week ago

Question

★★★★★

Purchasing Department cost drivers, activity-based costing, simple regression analysis. Fashion Flair operates a chain of 10 retail department stores. Each department store makes its own purchasing...

Answered: 1 week ago

Question

★★★★★

A 20-year, 8%annual coupon bond with a par value of $1,000 may be called in 5 years ata call price of $1,040. The bond sells for $1,100. (Assume that the bond has just been issued.) Basic Input Data...

Answered: 1 week ago

Question

★★★★★

! Required information [The following information applies to the questions displayed below.] Hills Company's June 30 bank statement and the June ledger account for cash are summarized here: Balance,...

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

Question

★★★★★

How does Levinsons approach to adult development relate to Greenhaus and colleagues five-stage model of career development? That is, compare and contrast the similarities and differences between...

Answered: 1 week ago

Question

★★★★★

Describe ways in which career management can be viewed as a problemsolving and decision-making process.

Answered: 1 week ago

Question

★★★★★

As a career development tool, mentoring has been linked to both potential benefits and problems for organizations and individuals. Given these potential benefits and problems, describe how you feel...

Answered: 1 week ago

Previous Question Next Question