answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lesechka [4]
2 years ago
12

Kesterson Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor

$ 3.10 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 14,000 Sales commissions $ 1.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 4,500 If 6,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to
Business
1 answer:
Ludmilka [50]2 years ago
5 0

Answer:

Indirect manufacturing cost=  $22100

Explanation:

We are provided with the following information:

Direct materials $ 6.20

Direct labor $ 3.10

Variable manufacturing overhead $ 1.35

Fixed manufacturing overhead $ 14,000

Sales commissions $ 1.50

Variable administrative expense $ 0.40

Fixed selling and administrative expense $ 4,500

6,000 units are produced

Indirect manufacturing cost= variable overhead + fixed manufacturing overhead= 1,35*6000+14000= $22100

You might be interested in
Suggest some metrics that a manager of a fast-food restaurant, such as McDonald's or Chipotle, might want to collect. Describe h
Kaylis [27]
Customer wait times: A manager may use these analytics to determine points of friction with operations, implement systems to reduce time, develop employee expectations, and ultimately enhance right-on-time service to their customers.
5 0
2 years ago
A bank has $8,000 in deposits and $6,000 in loans. it has loaned out all it can given the reserve requirement. it follows that t
True [87]
<span>The reserve requirement, which is also referred to as the cash reserve ratio, is 25 percent. This is calculated by subtracting the $6,000 loaned out from the bank's $8,000 in deposits, yielding a reserve of $2,000. The reserve requirement is calculated by dividing $2,000 by $8,000.</span>
4 0
2 years ago
Suppose a certain competitive firm is producing Q=500 units of output. The marginal cost of the 500th unit is $17, and the avera
kondor19780726 [428]

Answer:

$3,997

Explanation:

As we know that

Total profit = Total revenue - total cost

where,

Total revenue =  Output sells for × quantity sold

                        = $20 × 499 units

                        = $9,980

And, the total cost is

= Total cost at 500 units - marginal cost of the 500th unit

= 500 units × $12 - $17

= $6,000 - $17

= $5,983

So, the total profit is

= $9,980 - $5,983

= $3,997

8 0
2 years ago
Tammy can buy an asset this year for $1,000. She is expecting to sell it next year for $1,050. What is the asset’s anticipated p
prisoha [69]

Answer:

The asset’s anticipated percentage rate of return is 5%

Explanation:

Rate of return is the annual return that an investor earns on an Initial investment in an asset.

RatReturn on Asset = Expected selling price - Initial Purchase price

Return on Asset = $1,050 - $1,000

Return on Asset = $50

Rate of return = Return on Asset / Initial Purchase price = $50 / $1,000 = 0.05 = 5%

6 0
2 years ago
Which of the following contributed to the creation of the Federal Reserve System? I. the bank panic of 1907 II. the Great Depres
lorasvet [3.4K]

Answer:

a. I only

Explanation:

The Federal Reserve System or FED is the central bank of the United States that was created on december 23, 1913. Prior to the bank panic in 1907, congress men were motivated for renew demands for banking and to do a currency reform.

The Great Depression that last from 1929 to 1939 and the loan crisis of the 1980´s  were events that took place after the FED creation, then they could not contribute to its foundation.

7 0
2 years ago
Other questions:
  • On may 1, the cash account balance was $72,600. during may, cash receipts totaled $345,600 and the may 31 balance was $95,230. d
    10·1 answer
  • Greg used his credit card to buy exercise equipment. the cost was $826.38. if greg pays $50 a month for 20 months, the total int
    8·2 answers
  • The primary principle that finance borrows from economics is​ ________. A. generally accepted accounting principles B. sharehold
    12·1 answer
  • Lauren and Jeff have both identified issues they're having working together on their project. What is the next step to finding a
    9·1 answer
  • Kwan wants to open a new business in his own country, Singapore. He has decided on a form of licensing that will provide him wit
    8·1 answer
  • . What is Coleman’s cost for up to $300,000 of newly issued common stock, re1? What happens to the cost of equity if Coleman sel
    11·1 answer
  • A property was purchased two years ago for $300,000; the investor just sold the property for $379,000. What was the percentage o
    15·1 answer
  • McClary Tires plans to save $20,000, $25,000, $27,500, and $30,000 at the end of each year for Years 1 to 4, respectively. If it
    12·2 answers
  • Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: 20Y9
    15·1 answer
  • Cane company manufactures two products called alpha and beta that sell for $225 and $175, respectively. each product uses only o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!