Quates Corporation produces a single product and has the following cost structure: Number of units produced each year 3,000Variable costs per unit: Direct materials$27Direct labor$96Variable manufacturing overhead$1Variable selling and administrative expenses$4Fixed costs: Fixed manufacturing overhead$219,000Fixed selling and administrative expenses$153,000 Required:Compute the unit product cost under absorption costing. Show your work!
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| Direct materials | $ | 27 |
| Direct labor | 96 | |
| Variable manufacturing overhead | 1 | |
| Fixed manufacturing overhead ($219,000 ÷ 3,000 units) | 73 | |
| Unit product cost | $ | 197 |
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In theory, the value of a share of common equity is the present value of ____________________________________________________________
Fill in the blank(s) with correct word
Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized 55,000 shares issued and outstanding$330,000 Paid-in capital in excess of par - Common 440,000 $770,000 Retained earnings 1,400,000 Total Stockholders' Equity $2,170,000 On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $22 per share.How will the issuance of the stock dividend affect the financial statements?
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Aubree Blake is a politician who leads campaigns for organic foods in the rural counties of her country. Several farmers, in different areas, have started organic farming because of the popularity of Blake's campaigns; even uneducated people trust the advantages of the campaign because of Blake's involvement in it. Which of the following marketing strategies does this scenario best illustrate?
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