Pedregon Corporation has provided the following information: Cost per Unit Cost per PeriodDirect materials$6.35 Direct labor$3.75 Variable manufacturing overhead$1.50 Fixed manufacturing overhead $15,000Sales commissions$0.50 Variable administrative expense$0.55 Fixed selling and administrative expense $4,500If 4,000 units are sold, the variable cost per unit sold is closest to:
A. $14.60
B. $12.65
C. $16.55
D. $11.60
Answer: B
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Which of the following statements is false?
a. In order to maximize profits, salesmen's commissions should be based on contribution margin rather than sales price. b. Sales mix usually refers to manufacturing companies and retailers but not to service companies. c. The term "sales mix" refers to the sales of a certain product in relation to the company's total sales. d. Changing the advertising budget for specific products will affect the sales mix.
A hen just joined him up on the deck; what is the probability it is an Australorp?
The gentleman farmer kept chickens for the eggs, the splash of color in the yard, and because he found their gentle clucking to relax him as he worked on his laptop on his deck. Their movements around his yard gave meaning to the term random walk — you literally could not predict their location from one minute to the next. His collection of birds is neatly summarized in this table. Breed Rooster Hen Rhode Island Red 2 8 Buff Orpington 0 5 Barred Rock 0 6 Australorp 0 6 Leghorn 1 2 A) 0.18 B) 0.20 C) 0.22 D) 0.24
An arbitrator must be
a. a lawyer. b. a member of the American Arbitration Association. c. agreed on by the parties. d. all of the above
ADRs are a popular investment tool for many U.S. investors. In recent years several alternatives for investing in foreign equity securities have become available for U.S. investors, yet ADRs remain popular
Define what an ADR is and provide at least three examples of the advantages they may hold over alternative foreign investment vehicles for U.S. investors. What will be an ideal response?