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Artist 52 [7]
2 years ago
13

Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.85 Direct labor $ 3

.35 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 8,000 Sales commissions $ 1.50 Variable administrative expense $ 0.45 Fixed selling and administrative expense $ 4,400 If 5,000 units are sold, the variable cost per unit sold is closest to: $14.60 $11.50 $9.55 $11.55
Business
1 answer:
tamaranim1 [39]2 years ago
5 0

Answer:

$11.50

Explanation:

The computation of the  variable cost per unit sold is given below:

= Direct material per unit + Direct labor per unit + Variable manufacturing overhead per unit + Sales commission per unit +  Variable administrative expense per unit

= $4.85 + $3.35 + $1.35 + $1.50 + $0.45

= $11.50

We simply added those per unit that is concerned with variable cost per unit

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Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepa
RUDIKE [14]

Answer:

c. A budget based on 49,000 units

Explanation:

Static budget is for 45,000 units,

Further with the information budget prepared with closest activity level, is the budget for 49,000 units as actual production is 50,000 units,

Therefore the actual comparison and analysis shall be based on this budget of 49,000 units as this is relatively most accurate and near by cost for each units produced.

Correct option is

c. A budget based on 49,000 units

4 0
2 years ago
Suppose First National Bank holds ​$100 million in assets with an average duration of 3 ​years, and it holds ​$90 million in lia
Nitella [24]

Answer:

% change decrease is = 1.2 %

Explanation:

given data

assets = $100 million

average duration = 3 ​years

liabilities = $90 million

average duration = 3 years

interest rates= 4% increase

to find out

percentage decrease in First National​ Bank's net worth relative to the total original asset value

solution

change in assets value is

change in assets value = $100 million  × 4%  × 3 year = $1200 million

change in liability value is

change in assets value = $90 million  × 4%  × 3 year = $1080 million

change in net worth = $1200 - $1080 = $120 million

so % change is = \frac{120}{100}

% change decrease is = 1.2 %

3 0
2 years ago
Shawna would like to explore a career that would allow her to work outdoors with natural resources. Which two careers would be t
Anni [7]

Answer:

The only two jobs that deal with natural resources are:

  1. oil rig driller
  2. wind turbine engineer

Oil rig drillers work in the ocean completely surrounded by water, or maybe other oil rigs but they are never too close.

Wind turbine engineers work on open spaces, surrounded by very few things other than wind turbines. Wind turbines are HUGE and they are usually located on very isolated places.

5 0
2 years ago
Charlotte (age 40) is a surviving spouse and provides all of the support of her four minor children who live with her (all are u
Kipish [7]

Answer:

a. $58,000

b. $6,752

c. $9,000

Explanation:

a. The computation of taxable income is shown below:-

Taxable income = Salary - Short term capital loss + Cash Prize - Greater of Standard or itemized deduction for year 2018 (assumed)

= $80,000 - $2,000 + $4,000 - $24,000

= $58,000

b. The computation of tax liability is shown below:-

Tax liability (Surviving spouse) = ($1,940) + ($58,000 - $19,400) × 12%

=  $1,940 + $38,600 × 12%

= $1,940 + $4,632

= $6,572

c. The calculation of Charlotte's child and dependent tax credit is given below:-

= ($2,000 × 4) + ($500 × 2)

= $8,000 + $1,000

= $9,000

6 0
2 years ago
A bank efficiency ratio is the ratio of a bank's expenses to its revenue, expressed as a percentage. If a bank has \$222$222doll
Ann [662]

Answer:

$296 million

Explanation:

Data provided in the question:

Expenses of the bank = $222 million

Efficiency ratio of the bank = 75%

Now,

The Efficiency ratio is given using the formula as:

Efficiency ratio = \frac{\textup{Expenses}}{\textup{Revenue}}

thus,

Revenue = \frac{\textup{Expenses}}{\textup{Efficiency ratio}}

on substituting the respective values, we get

Revenue = \frac{\$\textup{222 million}}{\textup{75}\%}

or

Revenue = \frac{\$\textup{222 million}}{\textup{0.75}}

or

Revenue = $296 million

Hence, the revenue for the bank is $296 million

7 0
2 years ago
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