Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$78 Units in beginning inventory 0Units produced 8,800Units sold 8,700Units in ending inventory 100 Variable costs per unit: Direct materials$18Direct labor$10Variable manufacturing overhead$4Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$255,200Fixed selling and administrative expense$87,000What is the unit product cost for the month under variable costing?
A. $37 per unit
B. $61 per unit
C. $32 per unit
D. $66 per unit
Answer: C
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A well-known financial executive cited in the human relations text believes that self-interest is the reason behind many major financial scandals
Indicate whether the statement is true or false.
Data for Nobell, Inc follow
Nobell, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash $121,000 $100,000 Accounts Receivables, Net 117,000 125,000 Merchandise Inventory 70,000 85,000 Total Assets $308,000 $310,000 Liabilities Total Current Liabilities $63,500 $50,000 Long-term Liabilities 100,000 100,000 Total Liabilities 163,500 150,000 Stockholders' Equity Retained Earnings 94,500 110,000 Common Stockholders' Equity 50,000 50,000 Total Liabilities and Stockholders' Equity $308,000 $310,000 Prepare a horizontal analysis of the comparative balance sheet of Nobell, Inc (Round to one decimal place.) What will be an ideal response
Historical credit problems normally remain on a credit bureau's report for seven years and ten years for bankruptcy
Indicate whether the statement is true or false.
What is his deduction under the following two circumstances?
Richard, a self-employed business consultant, traveled from New Orleans to New York for both business and vacation. He spent 4 days conducting business and some days vacationing. He incurred the following expenses:
a. He spends three days on vacation, in addition to the business days.
b. He spends six days on vacation, in addition to the business days.