During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. The average cost to produce one unit is which of the following amounts?
a. $20.00
b. $16.00
c. $18.40
d. $25.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease ...” 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
The U. S. corporation Fun Toys, Inc. sets up a firm in China. The parent company remains in the United States and retains complete ownership of the China branch as well as complete authority and control over all phases of the operation.
Answers (1)
When price elasticity of demand is greater than one, we say that demand is:?
Answers (1)
Which of the following may be a current liability? 1. Withheld Income Taxes. 2. Deposits Received from Customers. 3. Deferred Revenue. 4. All of these answers are correct.
Answers (1)
Which of the following is a valid criticism of the use of money as a store of value in modern economies? a. annual inflationary loss of buying power b. money supply is too narrowly defined c. storing money is wasteful d.
Answers (1)
When formulating accounting principles, the Securities and Exchange Commission's role is A : consistently secondary. B : nonexistent. C : sometimes primary and sometimes secondary. D : consistently primary.
Answers (1)
New Questions in Business
The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured $216,970 Selling expenses 72,480 Administrative expenses 38,320 Sales 461,640 Finished goods inventory, January 1
Answers (1)
Bailand Company purchased a building for $210,000 that had an estimated residual value of $10,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation.
Answers (1)
An insurance policy with a higher premium most likely has ... A) Lower Deductible B) No liability limit C) Higher Deductible D) Lower liability limit
Answers (1)
A Cajun trinity, used in many Louisiana Creole and Cajun dishes such as gumbo, contains A. onion, celery, and carrot. B. onion, celery, and bell pepper. C. onion, celery, and parsnip. D. garlic, ginger, and green onion.
Answers (1)
Benefits add how much value to employees' pay? A) 10-20% B) 20-30% C) 30-40% D) 50-60%
Answers (2)