A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $126 Units in beginning inventory 0 Units produced 8,500 Units sold 8,300 Units in ending inventory 200 Variable costs per unit: Direct materials $36 Direct labor $52 Variable manufacturing overhead $2 Variable selling and administrative $9 Fixed costs: Fixed manufacturing overhead $127,500 Fixed selling and administrative 91,300 What is the net operating income for the month under absorption costing? a. $5,300 b. $3,000 c. $(12,700) d. $8,300
Answers: 3
Business, 22.06.2019 17:50, nayelieangueira
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
Business, 22.06.2019 21:50, Chloe0095
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
A manufacturing company that produces a single product has provided the following data concerning it...
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