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

Question

1 Approved Answer

Please help me with the right option For XYZ Company, the following information related to costs is available for the last quarter: direct materials $2,000,

Please help me with the right option

image text in transcribed
For XYZ Company, the following information related to costs is available for the last quarter: direct materials $2,000, direct labor $3,000, variable MOH $400, fixed MOH $1,600 and selling and administrative expenses $3,000. The product cost under absorption costing is: O a. $7,000 O b. $5,400 O c. $10,000 O d. none of the given answers O e. $6,600

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

Comprehensive Assurance & Systems Tool An Integrated Practice Set

Comprehensive Assurance & Systems Tool An Integrated Practice Set

Authors: Laura R Ingraham, J Greg Jenkins

3rd Edition

0133251969, 9780133251968

More Books

Students also viewed these Accounting questions

Question

★★★★★
A gas is contained in a vertical, frictionless pistoncylinder device. The piston has a mass of 4 kg and a cross-sectional area of 35 cm2. A compressed spring above the piston exerts a force of 60 N...

Answered: 1 week ago

Question

★★★★★
In Section 2.3.3, we note that our Vector class supports a syntax such as v = u + [5, 3, 10, 2, 1], in which the sum of a vector and list returns a new vector. However, the syntax v = [5, 3, 10, 2,...

Answered: 1 week ago

Question

★★★★★
1.41 Continuous or Discrete, again Identify each variable as continuous or discrete: a. Weight of two dozen shrimp b. A person's body temperature c. Number of people waiting for treatment at a...

Answered: 1 week ago

Question

★★★★★
On August 31, 2008, Chickasaw Industries issued $25 million of its 30-year, 6% convertible bonds dated August 31, priced to yield 5%. The bonds are convertible at the option of the investors into...

Answered: 1 week ago

Question

★★★★★
Cash Budget The Williams Supply Company sells for $50 one product that it purchases for $20. Budgeted sales in total dollars for the year are $3,000,000. The sales information needed for preparing...

Answered: 1 week ago

Question

★★★★★
What is the maximum monthly profit earned? Nole Quarters has 65 student rental apartments available. If x apartments are rented then the monthly profit, in dollars, is modeled by the profit function:...

Answered: 1 week ago

Question

★★★★★
The following accounts and their balances appear in the general ledger of NEWBERRY PROPERTIES INC. on June 30, 2017: Preferred stock, 2%, $75 par...........................................1,350,000...

Answered: 1 week ago

Question

★★★★★
Problem 11: The principal stresses at a point in a solid: = 60 MPa, = 35 MPa, 3 = 15 MPa Obtain (a) the maximum shearing stress and (b) the normal and shearing stresses on the octahedral plane.

Answered: 1 week ago

Question

★★★★★
Julia works with you at Happyville Community Centre. You have been friends with Julia for many years, whom you met at high school. You have worked together for about five years. Julia gets on well...

Answered: 1 week ago

Question

★★★★★
Discuss reasons why therapists tend to avoid the unspoken emotional messages in clients' narratives, and "embedded messages" about the therapeutic relationship, rather than approach and address them?...

Answered: 1 week ago

Question

★★★★★
Toward the end of a game of Scrabble, you hold five tiles with the letters A, E, P, R, and S. In how many ways can you arrange these five letters (whether or not they form actual words)

Answered: 1 week ago

Question

★★★★★
2. Why do we have more confidence in what one person tells us than in what another person tells us?

Answered: 1 week ago

Question

★★★★★
1. Why do we trust one type of information more than another?

Answered: 1 week ago

Question

★★★★★
9. Imagine giving a talk to an assembly that is critical of you. Imagine a large aggressive dog that is your friend and facing the assembly. Imagine further that you are on a mountain top and the...

Answered: 1 week ago

Previous Question Next Question