subject
Business, 05.05.2020 06:27 alanrojas0142007

Kirgan, Inc., manufactures a product with the following costs: Per Unit Per Year Direct materials $ 26.50 Direct labor $ 15.50 Variable manufacturing overhead $ 3.70 Fixed manufacturing overhead $ 1,571,400 Variable selling and administrative expenses $ 3.60 Fixed selling and administrative expenses $ 1,540,000 The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 97,000 units per year. The company has invested $380,000 in this product and expects a return on investment of 15%. The selling price based on the absorption costing approach would be closest to: (Do not round intermediate calculations.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, janiyaf8941
The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.
Answers: 3
image
Business, 22.06.2019 11:00, ADKREBS
How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b
Answers: 1
image
Business, 22.06.2019 11:30, jennybee12331
Money from an allowance or job is known as .
Answers: 3
image
Business, 22.06.2019 12:20, Tierriny576
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
You know the right answer?
Kirgan, Inc., manufactures a product with the following costs: Per Unit Per Year Direct materials $...

Questions in other subjects: