Bearings, Inc., which just began business last year, has the following information about LPl, the only product that it produces, and sells. LPl sells for $30 per unit. During its first year, 24,000 units of LPl were sold and 27,000 units were produced. The following costs were available: variable costs per unit: direct materials-$9; direct labor-$5; variable manufacturing overhead-$3; variable selling-$4. The indirect fixed costs for Bearings were manufacturing costs $50,000 and marketing $36,000. Assume that Bearings used variable costing in its first year. During the current year, the costs were exactly the same as the first year, but Bearings produced 24,000 units and sold 27,000 units. What is the income for the current period under variable costing?
A. $166,000
B. $157,000
C. $130,000
D. $180,000
Answers: 3
Business, 21.06.2019 16:00, maddigrace3
Five times the sum of a number and 27 is greater then or equal to six times the of that number and 26. what is the solution set to this proportion?
Answers: 1
Business, 22.06.2019 10:30, foreignlove1039
When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?
Answers: 2
Business, 22.06.2019 17:30, harshakayla02
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Bearings, Inc., which just began business last year, has the following information about LPl, the on...
Chemistry, 25.03.2021 21:00
English, 25.03.2021 21:00
History, 25.03.2021 21:00
Mathematics, 25.03.2021 21:00
Mathematics, 25.03.2021 21:00
Mathematics, 25.03.2021 21:00