subject
Business, 11.11.2019 20:31 savrosed

Question 1 of monsters and heroes and men, ltd. which produces a single product, has provided the following data for its first two months of operations. since august was the first month of operations, the company had no beginning inventory for august: : augustseptembernumber of units produced5,0008,000number of units sold4,0009,000units in ending inventory1,price and cost information: selling price: $91manufacturing costs: direct materials$11 per unitdirect labor$27 per unitvariable manufacturing overhead$7 per unitfixed manufacturing overhead$58,000 totalselling and administrative costs: variable selling and administrative expenses$4 per unitfixed selling and administrative expenses$87,500 totala. compute the unit product cost in august using absorption costing. b. compute the unit product cost in august using variable costing. c. calculate net income for the month of august using absorption costing. d. calculate net income for the month of august using variable costing. e. calculate net income for the month of september using absorption costing. f. calculate net income for the month of september using variable costing.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:10
Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work
Answers: 3
question
Business, 22.06.2019 03:20
The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out
Answers: 1
question
Business, 22.06.2019 07:30
Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]
Answers: 3
question
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
You know the right answer?
Question 1 of monsters and heroes and men, ltd. which produces a single product, has provided the fo...
Questions
question
History, 30.11.2020 22:30
question
Mathematics, 30.11.2020 22:40