FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer produces only one product. There was no opening stock and no closing stock. The number of units produced during the period was 70.

A manufacturer produces only one product. There was no opening stock and no closing stock. The number of units produced during the period was 70. The variable cost per unit is 2 and the fixed cost incurred in the period is 300. Calculate the total cost considering variable costing.

A) 410

B) 440

C) 420

D) 430

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Harold Cecil Edey A Collection Of Unpublished Material From A 20th Century Accounting Reformer

Harold Cecil Edey A Collection Of Unpublished Material From A 20th Century Accounting Reformer

Authors: Martin E. Persson

1st Edition

1789736706, 9781789736700

More Books

Students also viewed these Accounting questions

Question

★★★★★
How much data should Dirt Bikes collect on visitors to its Web site? What information could it discover by tracking visitors activities on its website? What value would this information provide the...

Answered: 1 week ago

Question

★★★★★
A local mortgage broker has arranged a mortgage loan with a face value of $77,500, which included a finders fee of $2500. The loan is to be amortized by monthly payments over 20 years at 7%...

Answered: 1 week ago

Question

★★★★★
What would happen to the margin of error in a large sample 95% confidence interval for a proportion when the sample size is (a) doubled? (b) halved?

Answered: 1 week ago

Question

★★★★★
Multiple Choice Questions 1. James Corporation owns 80 percent of Carl Corporations common stock. During October, Carl sold merchandise to James for $250,000. At December 31, 40 percent of this...

Answered: 1 week ago

Question

★★★★★
How does an investor report dividends received from an investment accounted for as a joint venture? A. As part of other comprehensive income B. As a noncontrolling interest C. As a liquidation of the...

Answered: 1 week ago

Question

★★★★★
Explain the difference between a point estimate and an interval estimate and why an interval estimate is preferred over the point estimate. Can you give me two examples - 2 each of a point estimate...

Answered: 1 week ago

Question

★★★★★
1.Liverpool corporation which manufactures appliances for other companies made sales of $200000000 subject to the product warranties. In the past years between 4% and 6% of the products provided...

Answered: 1 week ago

Question

★★★★★
Exit strategy recommendations and plan: Outline your change management strategy for transition after the acquisition. Specifically, you must address the following criteria: Change management...

Answered: 1 week ago

Question

★★★★★
Modern workplaces have developed in response to the increasing diversity of the workforce. Building a learning organization that can meet the requirements of its employees and customers requires...

Answered: 1 week ago

Question

★★★★★
describe what you now know and understand about health care reimbursement. You are asked present this paper on a Panel with other HIM students, and your participation is to "describe to an audience...

Answered: 1 week ago

Question

★★★★★
With Polya's first two steps to solving problems in mind, describe how you understand the problem and create an algorithm for searching for a specific number out of N numbers. Think about the inputs...

Answered: 1 week ago

Question

★★★★★
What types of nonverbal behavior have scholars identifi ed?

Answered: 1 week ago

Question

★★★★★
Attend a gathering of people from a culture different from yours. It might be a meeting at a Jewish temple if youre Christian, an African American church if you are white, or a meeting of Asian...

Answered: 1 week ago

Question

★★★★★
To what extent do Celia and Bernadette engage in dual perspective to understand each other?

Answered: 1 week ago

Previous Question Next Question