Production of one unit of Product BJM used $27.50 of direct materials and $21.00 of direct labor. The unit sold for $76.00 and was assigned overhead at a rate of 30% of direct labor costs. What is the gross profit on the sale of one unit of Product BJM?
What will be an ideal response?
| Selling price per unit | ? | $76.00 |
| Direct materials | $27.50 | ? |
| Direct labor | 21.00 | ? |
| Overhead applied ($21 ?.3) | 6.30 | ? |
| Total job cost per unit | ? | 54.80 |
| Gross profit per unit | ? | $21.20 |
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Explain the Principle of Veracity.
What will be an ideal response?
Merker Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during April of the current year. This table summarizes information provided on each sheet:NumberTotal Cost IncurredStatus of Job 544$15,050Finished and delivered545$22,400Finished and delivered546$ 7,500Finished and unsold547$ 4,300Finished and delivered548$33,000Unfinished549$62,000Finished and unsold550$14,600Unfinished551$22,200Finished and delivered552$ 3,600Finished and unsold553$ 1,000Unfinished(a) What is the cost of goods sold for the month of April?(b) What is the cost of the Work in Process inventory on April 30?(c) What is the cost of the finished goods inventory on April 30?
What will be an ideal response?
A study of over 27,000 high school students classified different groups and organizations (peers, schools, religious organizations) according to their ability to use facilitation power and the five original bases of power to influence students’ drug use. This study found that
a. facilitation power had no influence b. facilitation power was one of the most important predictors c. facilitation power had only weak effects d. no conclusions could be drawn about the effects of facilitation power
A negative deviational variable is the amount by which a goal level is exceeded
Indicate whether this statement is true or false.