Answer:
The cost per unit for product B is<em> $ 15 per unit</em>
Explanation:
Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.
<u>Step 1 Prepare a Manufacturing Cost Summary for Product B</u>
Direct materials $ 15,000
Direct labor $24,000
Overhead costs($24,000/$36,000) × $54,000 $36,000
Total Cost for Product B $75,000
<u>Step 2 Calculate the Cost Per Unit for Product B</u>
Cost Per Unit = Total Cost / Number of Units Produced
= $75,000 / 5,000 units
= $ 15 per unit
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Answer:
The answer is: A) When the marginal cost of producing an additional unit equals the marginal revenue from that unit.
Explanation:
In economics, we assume that a company´s main goal is to maximize its profit. In order for any company do to this, the marginal cost (MC) of producing an extra unit of production must equal the marginal revenue (MR) obtained by selling that extra unit of production.
Theoretically, in perfect market conditions, MR=MC in the equilibrium point between quantity supplied and quantity demanded. But on real world conditions elasticity of both demand and supply alter the curves.
Answer: $603,500
Explanation:
Ending inventory in 2014;
= Ending inventory balance 2013 + ((
* 100) - ending inventory 2013)) * Price index 2014/100
= 550,000 + ((
) - 550,000)) * 107/100
= $603,500
Just going on a whim:
primary beneficiary?
