BUSINESS COLLEGE

Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materials 10000 Total conversion costs $81000 Equivalent units of conversion costs 15000 What is the total manufacturing cost per unit

Answers

Answer 1

Answer:

Answer:

10.9 per unit

Explanation:

Total manufacturing cost per unit= Material cost per unit + Conversion cost per unit

Material Cost per Unit= Total materials cos / Equivalent units of materials

Material cost per unit = 55000 / 10000 = 5.5

Conversion cost per unit = Total conversion costs / Equivalent units of conversion costs

Conversion cost per unit = 81,000 / 15000 = 5.4

Hence, Total manufacturing cost per unit = 5.5 +5.4 = 10.9 per unit

Related Questions

In a closed economy, public saving is the amount of a. income that households have left after paying for taxes and consumption. b. spending that the government undertakes in excess of the taxes it collects. c. income that businesses have left after paying for the factors of production. d. tax revenue that the government has left after paying for its spending.
"The financial leverage multiplier is the ratio of" ________. A. current assets to current liabilities B. total assets to total debt C. current assets to common stockholders' equity D. total assets to common stockholders' equity
BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the basis of employees, and Accounting costs are allocated on the basis of number of transactions. A summary of BluStar operations follows: Administration Accounting Domestic International Employees – 29 40 31 Transactions 38,000 – 19,000 76,000 Department direct costs $ 350,000 $ 147,000 $ 950,000 $ 3,750,000Allocate the cost of the service departments to the operating departments using the direct method.
Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases a(n)
Woodman Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Estimated and actual data for direct labor and manufacturing overhead for last year are as follows: Estimated ActualDirect Labor Hours: 600,000 550,000 Manufacturing Overhead Estimated $720,000 $680,000

An unfavorable flexible budget variance for variable expenses would indicate that: Group of answer choices the expenses of the company were less than what they had planned. more units were actually sold than the company had originally budgeted to sell. actual variable expenses were higher than the flexible budget variable expenses. fewer units were actually sold than the company had anticipated.

Answers

Answer:

actual variable expenses were higher than the flexible budget variable expenses.

Explanation:

A flexible budget projects budget data (revenue and expenses) based on various or multiple levels of business activities, such as production sales.

Also, a flexible budget variance gives the difference between the output resulting from a flexible budget and the actual outputs.

A variance can either be favorable or unfavorable. An unfavorable flexible budget variance for variable expenses would indicate actual variable expenses were higher than the flexible budget variable expenses.

Hence, If a company's actual net income is lower than it's planned, the variance is said to be unfavorable. Thus, higher costs and expenses would result in a unfavorable variance while higher revenues result in a favorable variance.

A quantity variance and price variance can be used to measure the direct materials flexible budget variance.

Calculate the current account balance if a small country exports $200 million in goods and services and imports $160 million, it receives $80 million in foreign aid and private charity (net), it pays $15 million to foreign citizens working locally, and its own citizens earn $36 million abroad.

Answers

Answer:

$141 million.

Explanation:

Given: Export= $200 million.

Import= $160 million.

Foreign aid received= $80 million

Payment to foreign citizen= $15 million

Earning from abroad= $36.

Now, computing current account balance.

Total current account= $(X-M)+NI+NT$

X- export

M-Import

NI-Net income

NT-Net current transfer.

Net income= $(\textrm{ earning of own citizen working abroad - Payment to foreign citizen})$

⇒ Net Income= $\$ 36-\$ 15= \$ 21\ million$

∴ Net Income (NI)= $21 million.

Net Transfer (NT)= $80 million.

Current account= $(200-160)+21+80= \$ 141\ million.$

∴ Current account balance is $141 million.

Which of the following could be considered a cost driver? Select one: a. A service provided by an architecture firm b. A product produced by a manufacturer c. A tax return prepared by a local CPA firm d. All of the above

Answers

Answer: d. All of the above

Explanation:

A cost driver refers to the activity that causes an actual change in the cost of a transaction and by extension it's local cost.

For example, cost driver of labor would be the number of people working or cost driver of Electricity paid would be the actual number of units consumed.

In the above, the products and services mentioned are the integral activities for those firms so they are cost drivers to those firms.

You need to write a report that shows a company's profits by divisions located in regions around the country. You should organize your report by __________. a. incorporating extensive primary data to assure the reader of your credibility
b. arranging the information chronologically according to the date the profits were generated at each location
c. creating sections of the report that represent each geographic region

Answers

Answer:

c. creating sections of the report that represent each geographic region

Explanation:

In addition to writing the total value of earnings in the report, what will have to be done is to perform a detailed breakdown of the geographical location of the earnings of each place, grouping by geographic location in case you find more than one place in the region. The different divisions must be carried out according to the power that each division represents when selling and not according to city or state.

An entrepreneur decided to leave a job that pays $50,000 a year to start a business. These lost wages would be considered ______________ . g

Answers

Answer:

These lost wages would be considered as opportunity cost

Explanation:

The lost wages would be considered as opportunity cost .

Opportunity cost is the value of the next best alternative forgone in favor of a decision. The decision of the entrepreneur to start a business of his own would mean forgoing the wages from his paid employment.

Hence, the lost wages of $50,000 becomes an opportunity cost to the decision.

These lost wages would be considered as opportunity cost

Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the two divisions for the current year: Retail Division Wholesale Division Operating income $ 7,500,000 $ 4,000,000 Operating assets $ 37,500,000 $ 17,500,000 Assuming that these are the only divisions of Terra Company, what is the ROI for the company as a whole?