Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated production activity for the upcoming year is 1,000 units. If the company desires to earn a gross profit of $50 per unit, the sales price per unit would be which of the following amounts?
A. $195
B. $290
C. $175
D. $415
Answer: D
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The following information is given for Sego Company: Cash $ 50,000 Inventory $ 45,000 Land 75,000 Accumulated Depreciation 40,000 Plant & Equipment 150,000 Accounts Payable 60,000 What are the company's current assets?
a. $220,000 b. $155,000 c. $130,000 d. $95,000
The investment function of finance helps in _____.
A. making decisions regarding the dividends paid by a corporation B. determining the expenses to be incurred to ensure that the behavior of an investment corporation is socially acceptable C. determining the values, risks, and returns associated with such financial assets as stocks and bonds D. ensuring that 50 percent of all investments in a portfolio are in environment-friendly corporations E. ensuring that the corporations payout maximum dividends per share
The 2004 Heath Information and Portability and Accountability Act (HIPPA):
a. requires consent for medical information to be accessed and shared. b. prohibits discriminatory use of pre-employment medical tests. c. prohibits employers from requesting genetic information as part of a post-offer medical exam. d. All of these statements are true.
Company B uses dangerous acid made by Company A in its production. B fails to warn a new employee of the risks in using the acid and the employee is injured. If Company B is sued by the employee, its defense will be that A and the employee are:
a. accomplices b. in violation of federal safety regulations c. in privity of contract d. not covered due to lack of warranty e. none of the other choices