Mathematics, 26.01.2022 01:00 rayray9471
Q # 1
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s first year of operations:
Variable costs per unit:
Direct material $6
Direct labor $ 9
Variable manufacturing overhead $3
Variable Selling and administrative costs $4
Manufacturing fixed cost: $300000
Fixed selling and administrative $190000
During the year, the company produced 25000 units and sold 20000 units. The selling price of the company’s product is $50 per unit.
Required:
1. Assume company uses absorption costing.
a) Compute product cost.
b) Prepare an income statement for the year.
1. Assume company uses marginal costing:
a) Compute product cost.
Answers: 3
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Two planes leave an airport at the same time, one flying east, the other flying west. the eastbound plane travels 20 mph slower. they are 1600 mi apart after 2 hr. find the speed of each plane.
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Paula makes stained-glass windows and sells them to boutique stores. if her costs total $12,000 per year plus $4 per window for the frame. how many windows must she produce to earn a profit of at least $48,000 in one year if she sells the windows for $28 each? 1. define a variable for the situation. 2. write an inequality that represents her profit. note: revenue is money coming in. cost is money going out. profit is the difference between the revenue and the cost. in other words: revenue - costs profit 3.using words, describe how many windows she must sell to have a profit of at least $48,000.
Answers: 2
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Ofof is a ? a. (1, 2), (1,-2), (3, 2), (3, 4) b. (1,6), (2, ,9), (0,5) c. (0, 2), (2,3), (0, -2), (4,1) d. (2, 4), (0, 2), (2, - 4), (5,3)
Answers: 1
Q # 1
Lynch Company manufactures and sells a single product. The following costs were incurred dur...
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