Which of the following is the formula used to compute a product's unit cost?
a. (Direct Materials + Direct Labor) / Number of Units Produced
b. (Direct Materials + Direct Labor + Overhead) / Number of Units Produced
c. (Direct Labor + Overhead) / Number of Units Produced
d. (Indirect Materials + Indirect Labor + Overhead) / Number of Units Produced
B
You might also like to view...
Depriving a person or company of private property without compensation is called nationalization
Indicate whether the statement is true or false
Different accounting practices will not have an impact on the comparative ratio analyses of different firms.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements is true or false.A predetermined overhead rate should not be used to allocate overhead costs when volume varies during the year._____A predetermined overhead rate is calculated using estimated cost and volume data._____A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume such as direct labor hours or direct materials cost._____A company may need to allocate overhead costs to products to make pricing decisions for the products._____Accounting reports at the end of the fiscal year are based on estimated costs rather than actual costs._____
What will be an ideal response?
What is the term for an item of value as a guarantee for a secured loan?
a. promissory note b. insurance c. collateral d. premium