Last year, Barnard Company incurred the following costs: direct materials, $50,000; direct labor, $20,000; manufacturing overhead, $130,000; selling expense, $40,000; administrative expense, $36,000.
Barnard produced and sold 10,000 units at a price of $31 each.
Refer to the information for Barnard Company above.
Prime cost per unit is:
a. $7.00
b. $20.00
c. $15.00
d. $5.00
e. $27.60
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Last year, Barnard Company incurred the following costs: direct materials, $50,000; direct labor, $20,000; manufacturing overhead, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A certain store has a fax machine available for use by its customers. The store charges $2.35 to send the first page and $0.70 for each subsequent page. The total price, P, for the faxing x pages can be modeled by the formula.
Answers (1)
When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assuming no previous accrual of interest should include a. a debit to Allowance for Doubtful Accounts. b.
Answers (2)
It is now January 1. You plan to make a total of 5 deposits of $100 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 12% but uses semiannual compounding.
Answers (1)
G two firms, firm x and firm y, are both considering investing in project z, which has an irr of 10.60%and a beta of 0.9. firm x has an asset beta of 0.7 and firm y's asset beta is 1.2.
Answers (1)
Under the modified accrual basis of accounting, revenues cannot be recognized 1. Until cash has been collected 2. Unless they will be collected within 60 days of year-end 3. Until they are subject to accrual 4.
Answers (1)
New Questions in Business
Susie Affiliate Broker works for broker Bill at XYZ Realty. Susie places the following ad in the local paper: " Beautiful four bedroom home, scenic view, easy terms of financing, available now. Call Susie on her cell phone at 426-667-8900.
Answers (1)
E. why is it important for the cfo and his/her staff to analyze variances of budget to actual or forecasted to actual amounts, and investigate reasons for significant variances on a timely basis
Answers (1)
Memorial Stadium has worked with the same advertising company for 10 years. According to the company's data the stadium has spent approximately $2.5 million on advertising over that period for 100 events.
Answers (1)
Campbell Candy Corporation desires a 14% return on investment (ROI) on all operations. The following information was available for the company for the current year: Sales $ 14,000 Operating income $ 4,000 Turnover 0.
Answers (1)
N a mixed market economy, which of these would most likely be considered a basic function of government? a. to promote monopolies reactivate b. to regulate who can purchase services reactivate c. to ensure the financial stability of all citizens d.
Answers (1)