Question: Lemon Company spends $4.5 in variable costs for each product produced. Fixed manufacturing overhead costs are $105482 a year. This year, they produced 10,000 units.

Lemon Company spends $4.5 in variable costs for each product produced. Fixed manufacturing overhead costs are $105482 a year. This year, they produced 10,000 units. What is the average cost per unit produced? Your answer should be input to two decimal places, without using a dollar sign or commas.

What is net income for a merchandising company with the following data?

Sales revenue	$55000
Utilities	$1100
Inventory on Dec. 31st	$9708
Inventory on Jan 1	$12000
Rent for shop	$3040
Sales commissions	$4300
Purchases of Merchandise	$36985

Input your answers without dollar signs or commas.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Comprehensive Problem One Noah and Joan Arc's Tax Return Noah and Joan Arc live with their family in Dayton, OH. Noah's Social Security number is 434-11-3311. Noah was born on February 22, 1983 and...

Lemon Company spends $5.48 in variable costs for each product produced. Fixed manufacturing overhead costs are $100,744 a year. This year, they produced 10,000 units. What is the average cost per...

Lemon Company spends $5.6 in variable costs for each product produced. Fixed manufacturing overhead costs are $110019 a year. This year, they produced 10,000 units. What is the average cost per unit...

Lemon Company spends $5.2 in variable costs for each product produced. Fixed manufacturing overhead costs are $103707 a year. This year, they produced 10,000 units. What is the average cost per unit...

Lemon Company spends $4.79 in variable costs for each product produced. Fixed manufacturing overhead costs are $113277 a year. This year, they produced 10*000 units. What is the average cost per unit...

Lemon Company spends $3.91 in variable costs for each product produced. Fixed manufacturing overhead costs are $101901 a year. This year, they produced 10,000 units. What is the average cost per unit...

Lemon Company spends $3.98 in variable costs for each product produced. Fixed manufacturing overhead costs are $104171 a year. This year, they produced 10,000 units. What is the average cost per unit...

Lemon Company spends $4.62 in variable costs for each product produced. Fixed manufacturing overhead costs are $107344 a year. This year, they produced 10,000 units. What is the average cost per unit...

Lemon Company spends $3.21 in variable costs for each product produced. Fixed manufacturing overhead costs are $116569 a year. This year, they produced 10,000 units. What is the average cost per unit...

1. Zippy company manufactured 10,000 units in December with a total product cost of $27780 They had zero finished goods inventory at the start of December. In December Zippy sold 7857 units at a unit...

Andee Company spends $3.55 in variable costs for each product produced. Fixed manufacturing overhead costs are $112,123 a year. This year, they produced 10,000 units. What is the average TOTAL cost...

You are working with William Bond, CPA, and you are considering the risk of material misstatement in planning the audit of Toxic Waste Disposal (TWD) Companys financial statements for the year ended...

A stock has had returns of 21 percent, 13 percent, 8 percent, -11 percent, -3 percent, and 17 percent over the last six years. What are the arithmetic and geometric returns for the stock? Note: Do...

Required: Use the attached figures to: 2 . 1 . Calculate the weighted average cost of capital, using the Gordon Growth Model to calculate the cost of equity. 2 . 2 . Calculate the adjusted weighted...

Find L ] 22 (st (s+4)3 O 11te-4t O 1ltet O 11t'e-4t t?e-4t

Which surface has larger electric (1+1) flux? Why? Quiz 2 PHY (0& Spring 202U 1. which susfoce han Langer ekcric (I+1) flux ? why? 22 2. Which sunface has Langer electric flux?why? (I+) Os,

b. Define electric potential. 7. A rpheni cal thell is shown in the fig. Which of the following is 'P true? OE at P is 0. OV V at P is 0. * Three equi potential sunfaces and 3 locations equiprtentinl...

Stratification can be used in audit sampling to divide a population into homogenous subgroups called "strata." The auditor can sample these strata separately, examine the results separately, or...

Choose the correct statements (You may select more than one answer. A random variable is a quantitative outcome of a chance experiment. A probability distribution includes the likelihood of each...

Value analysis takes place: O A. during the initial stages of production when something needs to be done to assure product success O B. when the product is selected and designed. O C. when the...

3. What does it mean when we say that we attribute a certain meaning to our experiences?

2. In this chapter, the reader should reflect on the following concepts : Thomas theorem, premise of action, utterance and mental constructions.

11. Based on the following rules regarding the confidence we have in information in a communication context, find examples from your everyday life where the rules have relevance: (a) The spatial rule...