In a month, we produce 5 units. The required data can be given as below: Direct...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In a month, we produce 5 units. The required data can be given as below: Direct Material Cost: $10 per unit Labour Cost (40% is indirect): $10,000 per month Rent Cost: $20,000 per month Advertising cost: $4,000 per month Repairing cost: $4,400 per month Administration cost: $3,000 per month Electricity cost: $2,000 per month Required: a-Please calculate cost of a single product (20p)? b- Please calculate cost of the production (10p)? c- Please calculate period cost(10p)? d- Please calculate prime cost (10p)? In a month, we produce 5 units. The required data can be given as below: Direct Material Cost: $10 per unit Labour Cost (40% is indirect): $10,000 per month Rent Cost: $20,000 per month Advertising cost: $4,000 per month Repairing cost: $4,400 per month Administration cost: $3,000 per month Electricity cost: $2,000 per month Required: a-Please calculate cost of a single product (20p)? b- Please calculate cost of the production (10p)? c- Please calculate period cost(10p)? d- Please calculate prime cost (10p)?
Expert Answer:
Answer rating: 100% (QA)
a Cost of a single product Direct material cosr 10 Direct labour cost 1200 10000x605 Overh... View the full answer
Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
Posted Date:
Students also viewed these accounting questions
-
A medical researcher tested a new treatment for poison ivy against the traditional ointment. He concluded that the new treatment is more effective. Explain what the P-value of 0.047 means in this...
-
In Figure 8.4b, assume that the firm is currently producing six units of output at point B on isoquant IQ6. Suppose now that the firm plans to expand output to nine units by hiring more workers while...
-
A dermatologist compared a new treatment for athletes foot (the experimental condition) to the standard treatment (the control condition). He tracked down 30 people with athletes foot on both feet...
-
Use the same information as in question 4, except that Hughes has a debit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. In this...
-
Refer to Exercise 19.28. Suppose that inspector 2 was unable to evaluate the second car from assembly line 4 and that inspector 1 missed car 1 from assembly line 3. In Exercise 19.28 A foreign...
-
The average radius of Earth is \(6371 \mathrm{~km}\). Give order-ofmagnitude estimates of what the mass of Earth would be if the planet has the mass density of \((a)\) air \(\left(\approx 1.2...
-
Which of the following is not a control activity? a. Mandatory vacations b. Risk assessment C. Security measures d. Proper authorization
-
EnviroFriend Structures, Inc., builds environmentally sensitive structures. The companys 2018 revenues totaled $2,780 million. At December 31, 2018, and 2017, the company had, respectively, $656...
-
[The following information applies to the questions displayed below.} Project Y requires a $313,500 investment for new machinery with a four-year life and no salvage value. The project yields the...
-
Chicago investment firm is offering a new financial derivative called a windy put. The windy put is European and has a payoff at expiration equal to Max(0.75S T , 70-S T ), where S T is the price of...
-
Find the derivatives of the following: 1. y=6x 2. y=3x 2 x 3. y==+- 4. y=x+x-2x 5 2 5. y=(3x-5)4 6. f(x)=(x-x+6x) 7. y 32x+3 8. y= x3+1 5x-3x3+9x 9. y= 10. y=2x+ 11. f(x) = 45x2+3x x+3
-
You work as an HR Manager for a global company with 4000 employees worldwide with majority of its workforce working remotely. Owing to the on-going Performance Management (PM) issues and the...
-
Now that we've awakened the research mindset in Unit 1, in Unit 2, we'll kick off the first phase of 'real' college research with a little reflective research - by looking first into the self and...
-
How do advanced materials and nanotechnology contribute to the development of next-generation renewable energy technologies, such as high-efficiency solar cells, advanced wind turbine blades, and...
-
Company A has to decide whether to manufacture internally or to buy or contract from outsiders. Company A is able to contract with another company to supply them ready make at $5 each. The details of...
-
Identify the slope and y-intercept from an equation of a line and relate a graph to the equation Use the graph to find the slope and y-intercept of the given line. Compare the values to the equation...
-
1. Explain how healthcare professionals can attempt to equalize the unequal partnership between the adult patient and the provider. 2. A person on a 2,600 kcalorie diet should consume a maximum of as...
-
Refer to the data in QS 10-1. Based on financial considerations alone, should Helix accept this order at the special price? Explain.
-
Stereograms appear to be composed entirely of random dots. However, they contain separate images that a viewer can "fuse" into a three-dimensional (3D) image by staring at the dots while defocusing...
-
What are the chances your flight will leave on time? The U.S. Bureau of Transportation Statistics of the Department of Transportation publishes information about airline performance. We saw the data...
-
Corey has 4929 songs in his computer's music library. The songs have a mean duration of 242.4 seconds with a standard deviation of 114.51 seconds. On the Nickel, by Tom Waits, is 380 seconds long....
-
How is the fixed asset list automatically updated?
-
Restore the file Santa Barbara Sailing Ch 12 (Backup) that you downloaded from the student companion site, and then do the following like you did in the chapter: Create a new client in the Fixed...
-
What circumstances require the fixed asset list to be manually updated?
Study smarter with the SolutionInn App