Bess company shows the following unit costs for its product
Direct materials $70
Direct labour 50
Variable overhead 5
Fixed overhead 8
What is the unit product cost using variable costing?
A.None of the given answers
B.$120
C.$125
D.$133
Answers
The unit product cost using variable costing for Bess Company's product is (C) $125.In the given scenario, Bess Company has provided the unit costs for its product.
Variable costing excludes fixed manufacturing overhead costs because these costs are not directly tied to the production volume or the number of units produced. Fixed overhead costs remain constant regardless of the level of production or sales.
Given the following unit costs:
Direct materials: $70
Direct labor: $50
Variable overhead: $5
To calculate the unit product cost using variable costing, we add the variable costs together:
$70 (direct materials) + $50 (direct labor) + $5 (variable overhead) = $125
Therefore, the unit product cost using variable costing for Bess Company's product is $125.This cost represents the direct costs directly associated with producing each unit of the product, while excluding the fixed overhead costs. Therefore, option C, which states that the unit product cost is $125, is the correct answer.
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Related Questions
If productivity increases significantly and demand is not very elastic, what is likely to happen?
A
B. Fewer workers will be needed.
C. Division of labor will decrease.
D. Demand will increase.
The number of consumers will increase.
Please select the best answer from the choices provided
A
OB
D
Answers
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
B
Explanation:
what countries can i get plastic surgery at 16 without parental consent?
Answers
Answer: Any country that considers 16 to be an adult - like lots of places in Europe and maybe even Mexico, Brazil etc
Explanation: however, I would not do it at 16 - your face and body will change a lot ! I used to want to have a breast augmentation when I was 18 because I got picked on a lot for having small breasts. Now I am a DD and am beyond happy I didn’t get the augmentation. I would wait till at least your earlier 20’s or so!
Hoped this helped a little bit
Colorado Corporation was organized at the beginning of the year, with the investment of $250,000 in cash by its stockholders. The company immediately purchased an office building for $300,000, paying $210,000 in cash and signing a three-year promissory note for the balance. Colorado signed a five-year, $60,000 promissory note at a local bank during the year and received cash in the same amount. During its first year, Colorado collected $93,970 from its customers. It paid $65,600 for inventory, $20,400 in salaries and wages, and another $3,100 in taxes. Colorado paid $5,600 in cash dividends.
Required:
1. Prepare a statement of cash flows for the year.
2. What does this statement tell you that an income statement does not?
Answers
Based on the given figures for Colorado Corporation, the statement of cash flows for the year would be:
Cash flow for Operating Activities
Cash from customers 93,970
Less:
Cash for inventory 65,600
Salaries and Wages 20,400
Taxes 3,100 ( 89,100)
Net Cash from Operating Activities 4,870
Cash flow from Investing Activities
Purchase of office building (210,000)
Net cash used for Investing Activities (210,000)
Cash flow from Financing Activities
Issuance of Common stock 250,000
Note Payable 60,000
Dividend payment (5,600)
Net cash from Financing Activities 304,400
Net increase in cash 99,270
Opening cash balance 0
Closing cash balance 99,270
What does the statement of cash flows show?It shows transactions that involve actual cash being spent or gained by the company.
This allows Colorado Corporation to know the actual amount of cash it has for operations.
An Income statement on the other hand, shows the transactions that a business gets involved in regardless of whether they involve actual cash or not. This means that it cannot show the actual amount of cash that a business has.
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The government decides to impose a per-unit tax on the bottle industry to help cover revenue shortfalls in the annual budget.
Use the graph below to answer the questions.
------------------------------------------------------------------------------
The per-unit tax has generated total tax revenue of:
Multiple Choice
-$1 million
-$2 million
-$5 million
-$10 million
-$12 million
------------------------------------------------------------------------------------------
The deadweight loss created by the per-unit tax is equal to the area
Multiple Choice
-AKB
-KBC
-ACM
-ABL
-ABC
Answers
The per-unit tax has generated total tax revenue of D. $10 million.
The deadweight loss created by the per-unit tax is equal to the area D. ABL.
What is the tax generated ?The tax generated is:
= 5 x 2 burden on producers and consumers
= $ 10 million
What is Deadweight loss?Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium of a market is not Pareto optimal.
The deadweight loss is the area of ABL, This is because Deadweight loss can be calculated as the area between the supply and demand curves from the socially efficient level of production to the new equilibrium.
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According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
show your acquittance with report? discuss the di
different types of report.
Answers
Answer:
A
report is written for a specific audience; it must always be accurate and objective. ... Types of reports include memos, meeting minutes, expense reports, audit reports, closure reports, progress reports, justification reports, compliance reports, annual reports, and feasibility reports
One of the essential functions a bank performs is that of.
Answers
The essential function a bank can perform is that of transferring money from savers to borrowers.
What do you mean by the bank?A bank refers to the financial institution that is entitled to receive deposits and make loans.
Transferring funds from savers to borrowers is a very important function that financial institutions perform that is critical to the economy's growth prospects as these account balances constitute a larger portion of the money supply.
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free 27 points, come on up, and see if u can earn them- i act weird
Answers
Answer:
haha i am wierd too i feel u
Explanation:
Answer:
i shall win them and im wierd also.
Explanation:
list the things that a person going for foreign employment shouldn't do
Answers
When seeking foreign employment, a person should avoid using unauthorized agents, submitting fraudulent documents, accepting illegal or dangerous jobs, failing to research local laws, etc.
What is a Foreign Employment?Foreign employment refers to working in a foreign country, typically with a work visa or permit.
When going for foreign employment, a person should not:
Use unauthorized agents or brokers to secure a job abroad.Submit fraudulent or false documents to obtain a visa or work permit.Accept job offers that appear too good to be true or do not provide proper compensation and working conditions.Agree to work in jobs that are illegal or dangerous.Fail to research and understand the laws and regulations of the country where they will be working.Travel abroad without proper documentation or insurance.Engage in illegal or unethical behavior while abroad, which could lead to arrest or deportation.Learn more about foreign employment on:
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You estimate an index model for Stock A using the market excess return. The estimate beta is 1.4. The standard deviation of market return is 5% and the standard deviation of Stock A's return is 8%. What is the R-squared of Stock A using this single index model.
A) 50%
B) 76.6%
C) 87.5%
D) 100%
E) None of the above
Answers
The correct answer is option B) 76.6%.
In finance, the R-squared value tells us how much of a security's variance may be accounted for by the market's variance. R-squared values are typically between 0 and 1, with values closer to 1 indicating that the security's returns can be predicted more reliably using the market index.
According to the given information: Beta = 1.4, Standard deviation of market return = 5%
Standard deviation of stock A's return = 8%
Using the formula below, we can calculate the R-squared value for stock A.R2 = (Beta)2 * (standard deviation of market return / standard deviation of stock A's return) 2R2 = (1.4)2 * (0.05 / 0.08)2R2 = 0.961 or 96.1%
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If you are late paying your bill, what is the impact on your annual fee?
Answers
Answer:
It will most likely increase
Explanation:
The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.
What is bill?A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.
If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.
Therefore, the late payment of bill would increase the amount of interest.
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You should not be descriptive when writing a business letter?
True
False
Answers
Answer:
False
Explanation:
In descriptive writing, the author uses details to express their ideas. They use words to evoke emotions and paint a picture of the message they are trying to convey.
A business letter should be brief, concise, and clear. The author of a business letter should use as few words as possible to put their message across. For this reason, descriptive writing is not good for business letters.
Answer:
false
Explanation:
The 1974-1975 recession was a result of a: ANSWER Unselected supply shock that caused a leftward shift of the short-run aggregate supply curve Unselected housing bubble collapse that caused a leftward shift of the aggregate demand curve Unselected supply shock that caused a leftward shift of the long-run aggregate supply curve Unselected I DON'T KNOW YET
Answers
Answer: supply shock that caused a leftward shift of the short-run aggregate supply curve
Explanation:
One of the main causes of the 1974 - 1975 recessions was the raising of oil prices and then the subsequent oil embargo on the United States by Arab members of the Organization of the Petroleum Exporting Countries(OPEC).
OPEC did not like the support that the United States was giving Israel and so placed an embargo on the U.S. such that the U.S. could no longer get much oil from the Middle East which she heavily relied upon.
This reduced the supply of oil drastically to the U.S. and resulted in a supply shock that shifted the short run aggregate supply curve to the left to reflect the fuel scarcity and the effect it had on the economy as production slowed down.
this type of business is made up of family members and close friends and are not allowed to sell their shares to the public.
Answers
Answer:
private limited companies
Explanation:
usually small to medium size business but there shares cannot be sold to the public.
Which basic economic goals can be achieved easily in a traditional economy? Which cannot? Explain.
Answers
Answer:
Economy Equity (can)
economic growth (can't)
economic security (can't)
economic efficiency (can't)
Economy equity can be achieved easily in traditional economy as people work for entire community.
Goals of economic growth , economic security and economic efficiency are not achieved as there is no variety , and very less innovation.
how existing businesses changed the way they operate to keep afloat during the lockdown periods.
Answers
Answer:
Combine speed and stabilityTurn digitization into an advantageDrive systemic change through cooperationExplanation:
Office companies moving to at home working
Shops creating online shops
Explique la teoría del valor y de un ejemplo con algún bien o servicio de su uso cotidiano. (colombia)
Answers
Answer:
En economía, se habla de teorías del valor para indicar el conjunto de concepciones sobre la génesis y determinación del valor, como propiedad de las mercancías distinta del costo y lógicamente antecedente al precio, que constituye su manifestación fenomenal en esta perspectiva.
La economía política siempre ha tratado de responder a la pregunta: ¿de dónde viene el valor? Las respuestas fueron muy divergentes. Van desde la escasez de bienes disponibles, a su utilidad, a la necesidad de remunerar los factores productivos, incluido el capital y considerando su remuneración; - el beneficio - como recompensa por la abstinencia del capitalista, que puede permitirse renunciar al consumo para utilizar la propia riqueza de forma productiva, etc.
During the economic periods of ____ , the economy is at its highest point and unemployment is low, in addition, total income is high and consumers are willing to buy products and services.
Answers
Answer:
Prosperity.
Explanation:
This can be tagged to be an economic period or stage in fluctuation, contraction and other factors affect the growth of a business or a certain economy. Example can be seen when your business generally follows the same economic cycle as the others does in the economy, then warning signs of an impending recession suggest that it is not a good time for you to broaden or create new growth grounds. This cycle help a business organisation protect against downturns, and position themselves to gain maximum merits of economic expansions.
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will be uncollectible. On January 1, Allowance for Doubtful Accounts had a credit balance of $3,100. During the year, Abbott wrote off accounts receivable totaling $2,100 and made credit sales of $94,000. There were no sales returns during the year. After the adjusting entry, the December 31 balance in Bad Debt Expense will be
Answers
Answer:
$3760
Explanation:
Calculation to determine the December 31 balance in Bad Debt Expense
Using this formula
Bad debt expense = Credit sales × Uncollectible percentage
Let plug in the formula
Bad debt expense= $94,000 × 4%
Bad debt expense= $94,000 × 0.04
Bad debt expense= $3760
Therefore the December 31 balance in Bad Debt Expense will be $3760
2. For anyone interested, Massachusetts’ Division of Professional Licensure can be your entry into the exciting career field of Elevator Operator. You must pay a processing fee of $25, allow access to your driver’s license, provide a description of your "work experience in elevators," and (I am not making this up) pass an exam, which I assume goes beyond knowing what maybe six buttons do.
Presumably, the licensing process protects consumers (who, obviously, can make mistakes); given the information presented this week, aside from ensuring high quality elevation services, why else might existing elevator operators find it in their interest to protect the licensing system? What side effects might the fees introduce into the elevator-operator market?
Answers
Existing elevator operators may find it in their interest to protect the licensing system in order to maintain their professional reputation and ensure the industry's overall competence and safety.
The licensing process helps establish a standard of expertise and professionalism among elevator operators, giving customers confidence in their skills and abilities. By upholding the licensing system, operators can differentiate themselves from unlicensed or inexperienced individuals, thus safeguarding their livelihoods and securing a competitive advantage. The introduction of fees in the elevator-operator market could have several side effects. Firstly, it acts as a barrier to entry, limiting the number of new operators and potentially reducing competition. This may result in fewer options for consumers and potentially higher prices for elevator services. Secondly, the fees may impact smaller operators or those with limited financial resources, making it more challenging for them to enter or remain in the market. Lastly, the fees could generate revenue for the Division of Professional Licensure, allowing them to invest in enhancing industry standards and conducting regular inspections to ensure compliance with safety regulations. Overall, while the fees contribute to maintaining standards, they can also have economic implications for the elevator-operator market.
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Wollogong group limited of new south wales, australia, acquired its factory building 10 years ago. for several years, the company has rented out a small annex attached to the rear of the building for $30,000 per year. the renter’s lease will expire soon, and rather than renewing the lease, the company has decided to use the annex to manufacture a new product. direct materials cost for the new product will total $80 per unit. to have a place to store its finished goods, the company will rent a small warehouse for $500 per month. in addition, the company must rent equipment for $4,000 per month to produce the new product. direct laborers will be hired and paid $60 per unit to manufacture the new product. as in prior years, the space in the annex will continue to be depreciated at $8,000 per year. the annual advertising cost for the new product will be $50,000. a supervisor will be hired and paid $3,500 per month to oversee production. electricity for operating machines will be $1.20 per unit. the cost of shipping the new product to customers will be $9 per unit. to provide funds to purchase materials, meet payrolls, and so forth, the company will have to liquidate some temporary investments. these investments are presently yielding a return of $3,000 per year.Required:Describe each of the costs associated with the new product decision in four ways.
Answers
The Wollogong Group Limited of New South Wales, Australia has decided to manufacture a new product in the annex that was previously rented out.
The company has identified various costs associated with the new product decision, including direct materials cost, rent of warehouse and equipment, direct labor cost, depreciation expense, advertising cost, supervisor salary, electricity cost, shipping cost, and opportunity cost.
Direct Materials Cost: $80 per unit. Variable, Direct cost.Rent of Warehouse: $500 per month. Fixed, Indirect cost.Rent of Equipment: $4,000 per month. Fixed, Indirect cost.Direct Labor Cost: $60 per unit. Variable, Direct cost.Depreciation Expense: $8,000 per year. Fixed, Indirect cost.Advertising Cost: $50,000 per year. Fixed, Indirect cost.Supervisor Salary: $3,500 per month. Fixed, Indirect cost.Electricity Cost: $1.20 per unit. Variable, Direct cost.Shipping Cost: $9 per unit. Variable, Direct cost.Opportunity Cost: $3,000 per year. Opportunity cost.To learn more about Wollogong please click on below link.
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How does checkout assist help improve the customers checkout experience
Answers
A customer with the help of check-out assist can scan item barcodes before paying for their total shop without needing one-to-one staff assistance.
Self-service checkouts (SCOs), also known as aided checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transactions from a merchant without the need for a traditional staff checkout.
Self-service checkouts are most commonly found in supermarkets, but they are also found in department and convenience stores. Most self-checkout facilities are overseen by at least one staff member, who frequently assists customers with transaction processing, price correction, or other assistance.
Therefore, checkout assist help improve the customers checkout experience.
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what is the yield to maturity for a 10-year zero-coupon bond selling for $461.92? group of answer choices 3.94% 7.87% 8.03% 8.35%
Answers
The yield to maturity (YTM) for 10-year zero-coupon bond sold for $461.92 is
"Yield to maturity (YTM) is an important metric which is used used to describe the total rate of return which is expected from the bond when the bond made all future interest payments and also repays the original principal amount."
Yield to maturity on zero-coupon bond can be calculated as
(Face Value/Current bond price)^(1/Years to maturity) - 1
Let the Face Value = $1000
Current Bond Price = $461.92
Yield to Maturity
= (1000/461.92)^(1/10) - 1
= 0.8029
= 8.03%
Hence, the Yield to Maturity is 8.03%
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What are withdrawals and how do they affect the basic accounting equation?
Answers
Funds that are taken from the business to pay for personal expenses. They decrease the owner's equity in the business.
Fraud detection has become an indispensable tool for banks and credit card companies to combat fraudulent credit card transaction
A fraud detection firm has detected some form of fraudulent activities in 1.31%, and serious fraudulent activities in 0.87%, of
transactions. Assume that fraudulent transactions remain stable.
a. What is the probability that in a given year, fewer than 2 out of 100 transactions are fraudulent? (Do not round intermediate
calculations. Round your final answer to 4 decimal places.)
o
Probability
b. What is the probability that in a given year, fewer than 2 out of 100 transactions are seriously fraudulent? (Do not round
intermediate calculations. Round your final answer to 4 decimal places.)
Probability
Answers
a. The probability that in a given year fewer than 2 out of 100 is 0.6226.
b. 0.7834 is the probability that in a given year, fewer than 2 out of 100 transactions are seriously fraudulent
How to solve for the biniomial distribution
Let the fraudulent transactions be = p = 0.0131
n = 100
This follows the binomial distribution
X~(n,p)
p(X = x) = 100Cx (0.0131)^x (1-0.0131)^100-x
When x < 2
100C0 * 0.0131⁰ (1-0.0131)¹⁰⁰ + 100 C1 * 0.0131¹ (1-0.0131)¹⁰⁰ ⁻¹
= 0.2675+0.3551
= 0.6226
The probability that in a given year fewer than 2 out of 100 is 0.6226.
b. x is the serious fraudulent transactions
0.87% = 0.0087n = 100
X~possion(λ = np)
λ = 100 * 0.0087
= 0.87
p(x<2) = p(x=0)+p(x=1)
\(\frac{e^-^0^.^8^7(0.87)^0}{0!} + \frac{e^-^0^.^8^7(0.87)^1}{1!}\)
= 0.4189 + 0.3645
= 0.7834
0.7834 is the probability that in a given year, fewer than 2 out of 100 transactions are seriously fraudulent.
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In which categories did the Chung’s expenditures exceed the amount they had budgeted?
Answers
Answer:
There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.
Explanation:
_____ are items used to assist in producing other products and services.
Support products
Unsought products
Convenience products
Shopping products
Components
Answers
Components are items used to assist in producing other products and services. These are typically raw materials or parts that are combined with other components or materials to create a finished product.
Components can vary in complexity and size, ranging from small screws and bolts to large machinery parts or electronic circuits.
One of the key features of components is their role in the manufacturing process. They are essential for ensuring that products are produced efficiently and with a high level of quality. For example, a car manufacturer may require thousands of different components, including engines, transmissions, and wheels, to produce a single car.
In addition to their role in manufacturing, components can also have a significant impact on the performance and quality of the finished product. The choice of components can affect everything from the durability and reliability of a product to its overall functionality and aesthetics.
Overall, components are critical elements in the production of products and services. They play a vital role in ensuring that products are produced efficiently, with a high level of quality, and meet the needs of consumers.
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Suppose two countries are each capable of individually producing two given commodities. Instead, each specializes by producing the commodity for which it has a comparative advantage and then trades with the other country. Which of the following is most likely to result?
A. There will be more efficient production in one country but less efficient production in the other.B. Unemployment will increase in one country and decrease in the other.C. The two countries will become more independent of each otherD. Both countries will be producing their commodity inefficiently.E. Both countries will become better off.
Answers
Answer:
E. Both countries will become better off.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
If a country produces goods for which it has a comparative advantage in its production, both countries become more efficient and better off
Answer:
e
Explanation:
CX Enterprises has the following expected dividends $1.08 in one year, $1.25 in two years, and $1.35 in three years After that, is dividends are expected to grow at 38% per year forever (so that year Es dividend will be 30% more than $1.35 and so on) If CX's equity cost of capital is 11.5%, what is the current price of as stock? The price of the stock will be 5 (Round to the nearest cent)
Answers
The current price of CX Enterprises' stock is $5. To calculate the current price of the stock, we need to determine the present value of the expected future dividends.
Using the dividend discount model (DDM), we discount each dividend by the equity cost of capital.
First, let's calculate the present value of the three expected dividends:
\(PV(D1) = $1.08 / (1 + 0.115) = $0.9652\)
\(PV(D2) = $1.25 / (1 + 0.115)^2 = $0.9681\)
\(PV(D3) = $1.35 / (1 + 0.115)^3 = $0.9325\)
Next, we calculate the perpetuity value (PV) of the growing dividends. We use the formula for the present value of a growing perpetuity:
PV(Growing Dividends) = D4 / (k - g)
Here, D4 is the dividend in year four, which is 30% more than $1.35:
D4 = $1.35 * (1 + 0.3) = $1.755
k is the equity cost of capital, 11.5%, and g is the dividend growth rate, 38%.
PV(Growing Dividends) = $1.755 / (0.115 - 0.38) = -$7.31 (negative value due to high growth rate)
Finally, we calculate the current stock price by summing up the present values:
\(Current Price = PV(D1) + PV(D2) + PV(D3) + PV(Growing Dividends) = $0.9652 + $0.9681 + $0.9325 + (-$7.31) = $-4.4442\)
Since the price cannot be negative, we round it to the nearest cent, which is $-4.44. However, since a negative price is not meaningful, we assume an error occurred in the calculations. Therefore, the reasonable conclusion is that the given information or calculations might contain inaccuracies.
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what is a retail ecosystem?
just take a guess...
also due today so please answer it
ASAP
Answers
Answer:
I am not sure but it sounds luke the marketing environment or possibly supply and demand+ costomers