Mercer Corporation estimates that an investment of $650,000 would be necessary to produce and sell 60,000 units of a new product each year. Other costs associated with the new product would be:Variable costs (per unit): Materials, labor, and overhead$12 Selling and administrative$3Fixed costs per year: Manufacturing overhead$360,000 Selling and administrative$300,000The company requires a 25% return on the investment in all products. The company uses the absorption costing approach costing to pricing as described in the text.The selling price would be closest to:
A. $26.50
B. $32.67
C. $22.00
D. $28.71
Answer: D
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Michael died in 2013 with a taxable estate and estate tax base of $6,000,000. Michael's estate owed no state death taxes. Michael's estate includes $250,000 of income in respect of a decedent (IRD), none of which is received by his surviving spouse. His estate had no DRD. The estate collects $200,000 of the IRD during its current tax year. The Sec. 691(c) deduction for the estate in current year is
A. $90,000. B. $153,000. C. $80,000. D. $122,400.
Employee assistance programs are frequently designed to provide needy employees with financial assistance
Indicate whether the statement is true or false.
Answer the following statements true (T) or false (F)
1. Employees of a textile factory located in the south requested a union representation election with over 90% signed authorization cards. Just hours before the election, employees began to receive anonymous phone calls threatening that if they voted "yes," they could forget ever being able to get a loan or another job in the community. Fearful for their financial futures, many employees cast "no" votes and the union lost the election. In such a case, the NLRB could declare the election results invalid and schedule a new election. 2. Supervisors and managers are not allowed to provide employees with facts, opinions, or personal experiences that might dissuade them from voting "yes" in a union election. 3. John, a retail store manager, is concerned about a union organizing attempt at his store. He decides to visit each of his employees at home to discuss the matter in an "informal" setting. John's actions are likely to be considered grounds for invalidating the election. 4. Discriminatory enforcement of no solicitation policies is considered illegal interference under the NLRA. 5. Under the NLRA, an employer has the right to enforce no solicitation policies on a case by case basis, at their own discretion. Therefore, it is their right to regularly allow employees to sell Girl Scout cookies or similar items while prohibiting a union from distributing informational literature.
According to utilitarianism, an action that affects the majority adversely is morally wrong.
Answer the following statement true (T) or false (F)