A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price$154?Units in beginning inventory 0?Units produced 2560?Units sold 2230?Units in ending inventory 330?Variable costs per unit: Direct materials$51?Direct labor$24?Variable manufacturing overhead$15?Variable selling and administrative expense$16?Fixed costs: Fixed manufacturing overhead$92,160?Fixed selling and administrative expense$11,150?The total gross margin for the month under absorption costing is:
A. $15,610
B. $96,240
C. $107,040
D. $62,440
Answer: D
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Price should reflect the organization's ________.
A. policy B. vision C. strategy D. All of these.
The net asset value (NAV) is reported in financial newspapers and on financial Web sites
A) for the total fund family. B) on a per-share basis. C) as a percentage of the fund's price. D) on a weekly basis due to the complexity of computation.
The states that employers must provide employees a workplace "free from recognized hazards that are causing or are likely to cause death or serious physical harm" and that employers must "comply with occupational safety and health standards" issued by OSHA
a. the Occupation Safety and Health Act b. the Occupational Safety and Health Review Commission Act c. the National Institute for Occupational Safety and Health Council Act d. the Employee Safety Act e. none of the other specific choices are correct
The "sawtooth effect" is named after the jagged shape of the graph of inventory levels over time.
Answer the following statement true (T) or false (F)