The production of one unit of Product BBB used $17.50 of direct materials and $21.00 of direct
Question:
The production of one unit of Product BBB used $17.50 of direct materials and $21.00 of direct labor. The unit sold for $56.00 and was assigned overhead at a rate of 30% of labor costs. What is the gross profit per unit on its sale?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Selling price per unit 5600 Direc...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Question Posted:
Students also viewed these Cost Accounting questions
-
The following information pertains to Nell Companys production of one unit of its manufactured product during the month of June. The company recognizes the materials price variance when materials are...
-
Freedom Company manufactures medical scooters for people who need assistance in mobility. Facing rising utilities expenses and labour costs, Freedom is contemplating outsourcing the production of one...
-
Upscale Products Inc. uses a standard cost system in accounting for the cost of production of its only product, Suave. The standards for the production of one unit of Suave follow: Direct materials:...
-
You have the following frequency distribution of the Travel Time to work for residents in South Beach neighborhood. Please answer the questions that follow after the Frequency Table. Travel Time a....
-
Determine the period of small oscillations of a mathematical pendulum, that is a ball suspended by a thread l = 20 cm in length, if it is located in a liquid whose density is = 3.0 times less than...
-
Sodium iodide and magnesium oxide are ionic compounds. Iodine and oxygen are covalent molecules. a. Draw dot-and-cross diagrams for: i. Magnesium oxide ii. Oxygen. b. How do sodium iodide and iodine...
-
Describe the purpose of an Affirmative Action Plan.
-
The income statement of Jones Company for the year ended December 31, 2010, follows. Required a. Compute the net earnings remaining after removing nonrecurring items. b. Determine the earnings (loss)...
-
You have a credit card with an APR of 21%. The terms of your agreement say that your minimum payment is 3% of your balance or $25, Whichever is greater." You buy a computer for $375. If you make only...
-
George Pharmacy is a pharmaceutical salesman who has been very successful at his job in the last few years. Unfortunately, his family life has not been very happy. Three years ago, his only child,...
-
A company's ending inventory of finished goods has a cost of $35,000 and consists of 750 units. If the overhead applicable to these goods is $8,400, and overhead is applied at the rate of 60% of...
-
Maximizing shareholder returns usually implies that the firm must also satisfy customers, employees, suppliers, creditors and other stakeholders . First, rank stakeholders as to expected risk and...
-
Explain the two different dollar limits that apply to HUD/FHA-insured commitments?
-
Define five different types of conflict. Offer examples. Engage with and cite readings and other media
-
Suppose we applied the logic of the Bohr Quantization to the Earth's orbit around the sun. a) Using the fact that the radius of the Earth's orbit is roughly 1.5 x 10 8 km, compute the analogous...
-
Your uncle is retiring tomorrow when he turns 65. He expects to live for another 20 years. He has accumulated $1 million in his retirement account and would like to start making annual withdrawals...
-
Prepare the amortization table corresponding to a loan of 123,654,000 amortizable in 7 years, for which it is known that the amortization terms of the first two years are 34,000 and that of the third...
-
Explain why you would use sampling techniques in picking a portfolio. Explain your rationale if you would not use sampling techniques. Defend the approach you would prefer if you had to use sampling...
-
Set up an integral that represents the area of the surface obtained by rotating the given curve about the x-axis. Then use your calculator to find the surface area correct to four decimal places. x =...
-
Define cultural intelligence. Cite the books or journal articles you found in Capella's library. Explain why cultural intelligence is important for HR practitioners and other organizational managers.
-
The Ogi Corporation, a construction company, purchased a pickup truck for $14,000 and used MACRS depreciation in the income tax return. During the time the company had the truck, they estimated that...
-
A profitable wood products corporation is considering buying a parcel of land for $50,000, building a small factory building at a cost of $200,000, and equipping it with $150,000 of MACRS 5-year...
-
A small vessel was purchased by a chemical company for $55,000 and is to be depreciated by MACRS depreciation . When its requirements changed suddenly, the chemical company leased the vessel to an...
-
1. There are missing parts in the program below and fix the bugs: isJavaFun = true; = is Fish Tasty false; System.out.println("Is Java Fun' is JavaFun); System.out.println("Is Fish TASTY" isFish...
-
Write regular expressions in Java for the following: Strings between10and20characters (inclusive) which have odd lengths. The allowed characters here are not specified, and should be considered...
-
These containers are available in four sizes: huge, large, medium, and small, which can hold 50, 20, 5 and 1 widgets, respectively. The cost of each of the containers, at this time, is $35.00 (huge),...
Study smarter with the SolutionInn App