Plummer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$44Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000 Year 1 Year 2Units in beginning inventory0 2,000Units produced during the year9,000 7,000Units sold during the year7,000 8,000Units in ending inventory2,000 1,000The unit product cost under absorption costing in Year 2 is closest to:
A. $33.00
B. $28.00
C. $9.00
D. $19.00
Answer: B
You might also like to view...
Joy calls Jane and tells her to order extra bottled water in preparation for hurricane season. In this example, Joy is the ______.
A. noise B. sender C. receiver D. decoder
When bonds are retired at maturity ________.
A) the bondholders are paid the face value plus the unamortized premium or less the unamortized discount B) the carrying value equals the face value plus the unamortized premium or less the unamortized discount C) the carrying value always equals the face value D) the entry to retire the bonds may include a gain or loss on retirement of bonds
Through the data mining application of ________, marketers identify big-spending customers and target them for special offers that other customers won't receive
A) customer retention B) customer acquisition C) customer abandonment D) competitive intelligence E) market basket analysis
In a ___________ trade environment, transnational corporations export capital to reduce their labor costs and, indirectly, increase new markets for their products.
a. Robust b. Liberalized c. Conservative d. Government controlled