B & B Manufacturing produces a single product. Last year, the company produced 10,000 units out of which 9,500 were sold. There were no units in beginning inventory. The company had the following costs: Variable costs per unit: Production $6.00 Selling and administrative $2.00 Fixed costs (total): Production $15,000 Selling and administrative $10,000 Refer to the information provided for B & B
Manufacturing. What is the unit product cost using variable costing?
A) $ 8.00
B) $ 6.00
C) $ 7.50
D) $10.50
B
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Bacot Products, Inc., has a Valve Division that manufactures and sells a number of products, including a standard valve that could be used by another division in the company, the Pump Division, in one of its products. Data concerning that valve appear below: Capacity in units 60,000Selling price to outside customers$53Variable cost per unit$28Fixed cost per unit (based on capacity)$17?The Pump Division is currently purchasing 8,000 of these valves per year from an overseas supplier at a cost of $47 per valve.?Assume that the Valve Division has enough idle capacity to handle all of the Pump Division's needs. What should be the minimum acceptable transfer price for the valves from the standpoint of the Valve Division?
A. $28 per unit B. $47 per unit C. $53 per unit D. $45 per unit
According to Hackman and Oldham's job characteristics model, what type of employee would most likely be satisfied and perform at a high level?
A. an employee not expected to learn new skills B. an employee allowed to work in total seclusion C. an employee focused on a specialized task and not the full production process D. an employee in an organization where authority is centralized E. an employee responsible for his or her own work outcomes
Common terminology refers to the calculations for amortizing a financial instrument to its maturity value over time as the imputed interest method
Indicate whether the statement is true or false
The most common types of express trusts are living trusts and _______ trusts
Fill in the blanks with correct word