Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$126 Units in beginning inventory 0Units produced 1,900Units sold 1,800Units in ending inventory 100 Variable costs per unit: Direct materials$49Direct labor$28Variable manufacturing overhead$5Variable selling and administrative expense$11Fixed costs: Fixed manufacturing overhead$32,300Fixed selling and administrative expense$23,400What is the total period cost for the month under variable costing?
A. $43,200
B. $55,700
C. $75,500
D. $32,300
Answer: C
You might also like to view...
Which type of power is based on relationships with influential people?
a. connection b. legitimate c. expert d. information
Which of the following statements is true regarding a corporation's purchase of treasury stock?
A) The cost of treasury stock is a reduction in stockholders' equity. B) Dividends must still be paid on treasury stock because it is still issued. C) Treasury stock is reported as an asset because it is considered an investment in the corporation's own stock. D) Treasury stock is no longer considered issued once it is back in the hands of the issuer.
__________ English laws require businesses to write policies, warranties, and contracts in language comprehensible to average readers
Fill in the blank(s) with correct word
Northern Conglomerate has two divisions, Division A and Division B. Northern looks at competing pure-play firms to estimate the betas of each of the two divisions. After this analysis, Northern concludes that Division A has a beta of 0.9 and Division B has a beta of 1.6. The two divisions are the same size. The risk-free rate is 5.00% and the market risk premium is 5.80%. Assume that Northern is 100% equity financed. What is the overall composite WACC for Northern Conglomerate?
A. 12.86% B. 14.09% C. 12.25% D. 11.64% E. 10.41%