The estimated unit costs for a company to produce and sell a product at a level of 12,000 units per month are as follows:Cost ItemEstimatedUnit CostDirect material$32 Direct labor 20 Variable manufacturing overhead 15 Fixed manufacturing overhead 6 Variable selling expenses 3 Fixed selling expenses 4 What are the estimated prime costs per unit?
A. $32
B. $67
C. $73
D. $52
Answer: D
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Generalized audit software packages perform all of the following tasks except
a. recalculate data fields b. compare files and identify differences c. stratify statistical samples d. analyze results and form opinions
Most business reports use the
A) Direct organizational plan B) Indirect organizational plan C) Structure plan D) Clustering plan
When determining a project's true profitability, it is normally better to compute the project's modified internal rate of return (MIRR) rather than its internal rate of return (IRR) because the MIRR technique:
A. considers only the cash flows after the project's payback period. B. has a decision rule that is easier to apply than the IRR decision rule. C. assumes that the project's cash flows are reinvested at the firm's required rate of return, whereas IRR assumes the cash flows are reinvested at the project's IRR. D. assumes that the project's cash flows are reinvested at the risk-free rate. E. assumes that the project's cash flows are discounted at its IRR.
Compensatory damages are said, by the Supreme Court, to be given only for "direct physical injury." That cannot include "mental injury."
a. True b. False Indicate whether the statement is true or false