Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is 50 per unit.
(a) Assume that the company uses absorption costing: i. Compute the unit product cost. ii. Prepare an income statement for the year.

Answers

Answer 1

The unit product cost is $50.

Variable costs per unit,

Manufacturing:                                                  

Direct materials                                                 $ 6  

Direct labor                                                        $ 9    

Variable manufacturing overhead                   $ 3        

Variable selling and administrative                 $ 4    

Fixed costs per year:                                  

Fixed manufacturing overhead                      $ 300.000                  

Fixed selling and administrative                    $ 190.000.

 

During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.

Full Cost per unit: It is the sum of all the costs related to the production of a product. It comprises Variable Costs, Fixed Costs, Manufacturing costs Mixed Costs, etc. It is calculated by the sum of all the Costs related to the product by the number of units produced. Income statement: All companies in order to calculate net profit or net loss prepare an income statement. The income statement is one of the important financial statements.

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Related Questions

4. How do dependent tasks differ from primary tasks? ​

Answers

Answer:

The answer is below

Explanation:

Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.

On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.

Name THREE benefits of being a for-profit business.
tax exemption
profit sharing (profit maximization)
swift expansion
innovation

Answers

The THREE benefits of being a for-profit business are:

profit sharing (profit maximization)swift expansioninnovation

The establishment of a for-profit business has some clear advantages: self-employment and financial rewards proportional to success.

What are the disadvantages of a for-profit business?

The disadvantages of a for-profit business are Limited access to receive grants, and No tax deduction to donors. One big drawback of for-profit companies is that they are not generally eligible to receive foundation and government grants (with some exceptions)

Therefore, the correct answer is as given above

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Please help me I don't really understand

Please help me I don't really understand

Answers

Answer:

the crust is the one on the outside, the inner core is the middle, the the after the crust is outer core,

When a company uses cost-plus pricing, they consider both the costs of production and the desired profit.
A. True
B. False

Answers

It is a false statement that a company consider both the costs of production and the desired profit when it uses cost-plus pricing.

What is a pricing?

It means the decision-making process that goes into establishing a value for a product or service. Different strategies are used by business when setting prices but they are all a form of pricing. The price that was set during the pricing process is what the customer will pay for that product or service.

The cost-plus pricing, which is called a markup pricing is the pricing method where a fixed percentage is added on top of the cost it takes to produce one unit of a product, hence, the resulting number is the selling price of the product.

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Managerial accountants:

a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.

b. negotiate contracts with suppliers

c. create financial reports and provide other types of accounting information to investors.

d. provide managers within the organization with reports to make good business decisions.

Answers

Managerial accountants provide managers within the organization with reports to make good business decisions.

Who are Managerial accountants?

They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.

They also hep perform various task that is associated with the account.

Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.

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the price of an item is usually high when the number of people wanting to buy it is​

Answers

Answer:

High

Explanation:

When the number of customer willing to buy increases, the demand for that product also rise. According to the law of supply and demand, an increase in demand without a subsequent increase in supply results in an increase in the buying price.

An increase in the number of buyers increases competition for the few available goods. Sellers will take advantage of high demand and increase prices to make more profits. Therefore, when there more people willing to buy a product, its price tends to increase.

According to the video which abilities and skills do human resources managers need to have

According to the video which abilities and skills do human resources managers need to have

Answers

Answer:

in depth knowledge of the companys product,

Explanation:

everything else isn't needed

The answers are C,D,E

Sensitivity to other people's needs

Speaking Skills

Writing Skills

What is improved oven? in your own words.

Answers

Answer:

improved oven means improved cooking

Select the correct location on the image.

Which box on a W-4 notes an employee's filling status?

Select the correct location on the image.Which box on a W-4 notes an employee's filling status?

Answers

Box number 3 on a W-4 notes an employee's filling status?

What is a W-4?

An IRS form known as a W-4, also known as a "Employee's Withholding Certificate," instructs employers how much tax should be deducted from each employee's paycheck. Employers utilize the W-4 to calculate some payroll taxes and remit the taxes on behalf of employees to the IRS and the state (if applicable).

If your employer already has a copy of your W-4 form on file, you do not need to fill one out again. Additionally, you are not required to complete a new W-4 annually. But you'll probably need to complete a new W-4 if you start a new employment or wish to change the withholdings at your current position. In either case, it's a good justification for reviewing your withholdings.

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What is an example of a taste changing that causes an increase in demand? Show this on a graph.

Answers

An example of a taste change that causes an increase in demand will be best observed as the promotion of any product done by any celebrity.

What is demand?

When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.

If a good is in higher or lower demand, a number of things play a role. This includes the price of the product, how well buyers respond to it, the amount of money spent on product advertising, and so forth.

The demand curve shifts as consumer preferences change. The demand curve moves to the right as consumer preferences shift and they come to like a product greater.

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The company shipped merchandise valued at $75,000 F.O.B. destination on December 23, year 2, and recorded the sale and relief of inventory on that date. The customer received the merchandise on December 31, year 2. The merchandise has a profit margin of 10%. Record the necessary year 2 adjustments, if any.

Answers

Answer:

A is the answer through Alex


Which of the following is not an example of professional behavior
?

Answers

What are the answers?

Suppose you want to borrow $35,000 for a new car. You can borrow at 6% per year, compounded semi-annually. If you take a 5 year loan, what is your semi-annual payment?
6.405
8,308
5,206
4103

Answers

The semi-annual payment for a $35,000 loan at 6% per year, compounded semi-annually over a 5-year period, is $4,103.

To calculate the semi-annual payment for the loan, we need to use the formula for calculating the payment on an amortizing loan. The formula is:

P = (r * PV) / (1 - \((1 + r)^(^-^n^)\))

Where:

P = Semi-annual payment

r = Interest rate per compounding period

PV = Present value of the loan (loan amount)

n = Total number of compounding periods (number of years * compounding periods per year)

In this case, the interest rate is 6% per year, compounded semi-annually. Therefore, the interest rate per compounding period (r) would be 6% divided by 2, which is 3% or 0.03 in decimal form. The loan amount (PV) is $35,000, and the loan term is 5 years, which means there are 5 * 2 = 10 compounding periods.

Plugging these values into the formula, we get:

P = (0.03 * 35,000) / (1 - \((1 + 0.03)^(^-^1^0^)\))

P ≈ $4,103

Therefore, the semi-annual payment for this loan would be approximately $4,103.

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According to Chapter 11, the summary might be the only part of a proposal readers study in their initial review of the document. True or false

Answers

True. the summary might be the only part of a proposal readers study in their initial review of the document. Readers may only focus on the summary of a proposal during their initial examination of the document.

When given a lengthy document, people may decide to quickly scan it to decide if it is worth their time and attention. This is especially true for working people who are constantly bombarded with information. The summary is a crucial part of any proposal since it offers a concise overview of the main ideas. To convince readers to carefully study the rest of the paper, the summary has to be succinct, understandable, and convincing. Thus, it is crucial to devote enough time study and focus to creating a captivating summary that encapsulates the proposal's core and entices readers to the road on.

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who death was sadder itachi or minato or Jiraiya

Answers

Answer:

i would say Jiraiya

Explanation:

he was alone when ijt happen and was weak

in complete sentence format, explain (a) two of the three types of trade barriers, (b) the reasons why countries sometimes establish trade barriers, and (c) the effects trade barriers sometimes have on the economy.

Answers

(a)Two of the three forms of trade barriers—quotas—limit the quantity of specific goods that can be imported from a particular nation. When one nation forbids trade with another, embargoes happen.

(b) Trade restrictions are frequently implemented to safeguard domestic industry and workers.

(c) Trade restrictions like tariffs have been shown to have a negative economic impact on the economy; by increasing prices and reducing availability of goods and services, they reduce income, employment, and economic output overall.

What exactly are trade embargoes?

A ban on the commerce or other activities involving military goods is known as a "arms embargo." The Organization for Security and Co-operation in Europe (OSCE), the United Kingdom, or any of these organizations may impose an arms embargo.

Why do embargoes exist?

One of the many ways a source can affect how the media presents the information they provide is by placing news embargos on it. Other ways include providing information "on background" or "not for attribution," restricting or granting "access," or even engaging in direct government or market intervention against the reporters or media organization.

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what is prospecting?

Answers

Answer:

Prospecting is a search for mineral deposits in a place, especially by means of experimental drilling and excavation.

I hope this helps you!

Explanation:

The one-year spot rate is currently 4 percent; the one-year spot rate one year from now will be 3 percent; and the one-year spot rate two years from now will be 6 percent. Under the unbiased expectations theory, what must today's three-year spot rate be? Suppose the three year spot rate is actually 3.75 percent, how could you take advantage of this?

Answers

Under the unbiased expectations theory, today's three-year spot rate should be approximately 4.25%. By investing in these instruments, you can lock in a higher interest rate (3.75%) than the expected spot rate (4.25%). This could result in higher returns on your investment.

The unbiased expectations theory suggests that the expected future spot rates determine the current spot rates. In this case, we know that the one-year spot rate is currently 4 percent, and it is expected to be 3 percent one year from now and 6 percent two years from now. To find today's three-year spot rate, we can calculate the average of the expected one-year, two-year, and three-year spot rates.  The average of the expected one-year spot rate (3%) and two-year spot rate (6%) is (3% + 6%) / 2 = 4.5%.

Now, to calculate the average of the three-year spot rate, we need to consider the current one-year spot rate (4%) as well.  The average of the three-year spot rate would be (4% + 4.5%) / 2 = 4.25%.  

If the actual three-year spot rate is 3.75%, there is an opportunity to take advantage of this by purchasing bonds or other financial instruments with a three-year maturity. Overall, the unbiased expectations theory helps investors predict future spot rates and make informed decisions based on their expectations of future interest rates. By understanding these concepts, investors can strategize and potentially profit from interest rate movements in the market.

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The fact that nominal GDP has risen faster than real GDP:
A) tells us nothing about what has happened to the price level.
B)suggests that the general price level has risen.
C)suggests that the general price level has fallen.
D)suggests that the base year of the GDP price index has been shifted.

Answers

The fact that nominal GDP has risen faster than real GDP suggests that the general price level has risen (Option B).

Nominal GDP represents the market value of all goods and services produced in an economy within a specific period, calculated using current market prices. Real GDP, on the other hand, measures the same but is adjusted for inflation to provide a more accurate comparison of economic growth over time.

When nominal GDP increases faster than real GDP, it indicates that the overall market value of goods and services has increased, but not necessarily because of an increase in the production or quantity of these goods and services. Instead, it implies that the prices of goods and services have risen, leading to a higher nominal GDP value.

This increase in the general price level, known as inflation, affects the purchasing power of money and has various economic implications. To summarize, the faster rise of nominal GDP compared to real GDP indicates that the general price level has increased, and this is best represented by Option B.

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what are some of the major external changes vanguard experienced since inception? apply a pestel analysis. how did vanguard address each of these external challenges? be specific.

Answers

Since inception, Vanguard has experienced a number of major external changes that have impacted its business operations. These changes can be analyzed using a PESTEL analysis, which looks at the political, economic, social, technological, environmental, and legal factors that influence a company's external environment.

Political: Vanguard has faced increased regulatory scrutiny since the 2008 financial crisis, with new laws and regulations being put into place to protect investors and prevent financial fraud.

Economic: The global economic recession of 2008-2009 had a major impact on Vanguard's business, as many investors pulled their money out of the stock market and moved it into safer investments like bonds.

Social: Vanguard has seen a shift in consumer preferences, with more people turning to online and mobile investing platforms rather than traditional brick-and-mortar investment firms.

Technological: The rise of fintech companies and robo-advisors has created new competition for Vanguard, forcing the company to innovate and adapt in order to stay competitive.

Environmental: Vanguard has been impacted by growing concerns about climate change and sustainability, with more investors looking for socially responsible investment options.

Legal: Vanguard has faced a number of legal challenges, including lawsuits related to its fees and investment practices.

To address these external challenges, Vanguard has made a number of strategic moves. For example, the company has expanded its online and mobile investment platforms to appeal to tech-savvy investors, and has launched a number of new socially responsible investment funds to address concerns about sustainability.

Vanguard has also worked to comply with new regulations and has taken steps to reduce its fees in order to stay competitive in the marketplace. Overall, Vanguard has been able to successfully navigate these external changes and continue to be a leader in the investment industry.

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in 2018, online retail sales reached over $517, or approximately______percent of all retail sales.

Answers

In 2018, online retail sales reached over $517 billion, or approximately 14.3 percent of all retail sales.

What exactly are retail sales?

Retail sales refer to the goods or services sold by businesses directly to consumers for personal or household use. Retail sales typically occur in physical stores, but they can also happen through e-commerce websites or other digital channels.

Retail sales can include a wide variety of products, including clothing, electronics, groceries, furniture, and more. They can also include services such as haircuts, car repairs, or other types of personal services.Retail sales are an important indicator of economic activity, as they reflect consumer demand and spending patterns. Many companies rely on strong retail sales to generate revenue and profit, and fluctuations in retail sales can have a significant impact on overall economic growth.

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4. Identify whether each of the following resource categories is a public good, a common-pool resource, or neither and defend your answer: a. The German Autobahn (highway) system for private motorists, which is financed through general tax revenue and tolls on trucks. b. The US highway system for private motorists, which is financed through general tax revenue and tolls on trucks as well as private motorists. c. Herd immunity achieved when 80% of the populace is vaccinated. d. Water from a town well that excludes non-residents. e. Bottled water

Answers

a)The German Autobahn system is a common-pool resource because it is a physical infrastructure that can be used simultaneously by multiple users, but its capacity is finite.

b) The US highway system is also a common-pool resource for the same reasons as the German Autobahn system.

c)Herd immunity achieved when 80% of the populace is vaccinated is a public good.

d)Water from a town well that excludes non-residents is neither a public good nor a common-pool resource, as it is excludable and rivalrous.

e) Bottled water is a private good because it is both excludable and rivalrous.

a. The German Autobahn system is a common-pool resource because it is a physical infrastructure that can be used simultaneously by multiple users, but its capacity is finite. The tolls on trucks and the general tax revenue may be used for its maintenance, but the system itself is not a public good because it is not non-excludable.

b. The US highway system is also a common-pool resource for the same reasons as the German Autobahn system, but it is also partially a public good because it has benefits that are non-excludable, such as emergency vehicles being able to use it.

c. Herd immunity achieved when 80% of the populace is vaccinated is a public good because it is non-excludable, meaning that even individuals who choose not to vaccinate still benefit from the reduced spread of disease in the community.

d. Water from a town well that excludes non-residents is neither a public good nor a common-pool resource, as it is excludable and rivalrous. It is a private good that can be consumed exclusively by residents who have access to the well.

e. Bottled water is a private good because it is both excludable and rivalrous. Only those who purchase the bottled water can consume it, and once consumed, it cannot be consumed by anyone else.

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I immediately need help with this please help me someone please solve it for me it’s pretty urgent if u write unnecessary things I’ll report so pleasee

I immediately need help with this please help me someone please solve it for me its pretty urgent if

Answers

Hello there ☺️,

Please check the attached image of the answer.

By Benjemin ☺️

I immediately need help with this please help me someone please solve it for me its pretty urgent if

What should be included in your retirement plan?
A the amount of social security you expect to earn
B the amount of money you have in other accounts
C pension amounts from your former employers D all of the above ​

Answers

Answer:

A

Explanation:

because when you have social security then you are able to secure your money or pension

Answer:

A

Explanation:

because when security are around your money will safe

When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic efficiency.market equilibrium is consistent with economic efficiency.conditions necessary for economic efficiency no longer apply.quantity supplied will rarely equal the quantity demanded.

Answers

Complete Question:

When property rights are well defined and markets are competitive, the

Group of answer choices:

a. market equilibrium violates the conditions for economic efficiency.

b. market equilibrium is consistent with economic efficiency.

c. conditions necessary for economic efficiency no longer apply.

d. quantity supplied will rarely equal the quantity demanded.

Answer:

b. market equilibrium is consistent with economic efficiency.

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.

Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.

Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.

This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.

This introductory assignment will have students develop a brand for a given product category such as beverages, automobiles, art supplies, etc. Students will define and communicate the competitive frame of reference and choose and establish POPs and PODs to arrive at the optimal competitive brand positioning.

Answers

The introductory assignment requires students to develop a brand for a specific product category, such as beverages, automobiles, or art supplies. To successfully complete this assignment, students will need to follow these steps:

1. Define the competitive frame of reference: Students should identify the key competitors within the chosen product category. This involves researching and understanding the existing brands in the market.

2. Communicate the competitive frame of reference: Students need to clearly articulate the competitive landscape to demonstrate their understanding of the market. This can be done through a written explanation or visual representation.

3. Choose points of parity (POPs): Students should identify and establish the key attributes or features that their brand shares with its competitors. These points of parity highlight the basic expectations of customers within the product category.

4. Choose points of difference (PODs): Students need to determine the unique aspects or qualities that set their brand apart from competitors. These points of difference should emphasize the brand's unique selling proposition and value proposition.

5. Optimal competitive brand positioning: Students should use the identified POPs and PODs to position their brand effectively within the competitive landscape. This positioning should address the needs and desires of the target market, considering factors such as price, quality, convenience, or innovation.

Throughout the assignment, students should consider factors like target audience, market research, consumer insights, and the overall brand identity they want to convey. By completing these steps, students will be able to develop a well-defined and competitive brand for the assigned product category.

Remember, each student's approach to the assignment may vary based on their creativity and research. It's important to encourage students to think critically and provide innovative solutions that align with the brand's objectives.

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Highlight clues that reveal the point of view of the narrative.

She looked into the room of students and felt butterflies in her stomach. Twenty pairs of eyes stared back at her. "Great," she thought to herself. "How am I ever going to make it through the rest of the year when I don't know a soul?"

What kind of narration is used in the passage?

first person
third-person omniscient
third-person limited

Answers

Answer:

3rd person

Explanation:

Answer:

D) third-person limited

Explanation:

Expensing the cost of a wastebasket with an estimated useful life of 10 years when purchased is an example of the application of the

Answers

Expensing the cost of a wastebasket with an estimated useful life of 10 years when purchased is an example of the application of the **accounting principle of materiality**.

The principle of materiality in accounting states that financial information should be reported if its omission or misstatement could influence the economic decisions of users. When applying this principle, companies may choose to expense low-cost assets, such as the wastebasket, rather than capitalize them as assets.

In this case, the cost of the wastebasket is likely to be immaterial in relation to the overall financial statements. Therefore, the company can choose to expense the cost immediately instead of allocating it over the asset's useful life. By doing so, the company simplifies the accounting process and avoids the administrative burden of tracking and depreciating such minor assets.

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A small, up-and-coming luxury consumer brand is looking to expand its market presence. The brand's identity is very much defined by selling high-end, premium consumer products through brick-and-mortar stores using a small, direct sales team that prides itself on providing stellar customer service during the sales process.

Company management realizes that the demand for its products is high enough that it will lose revenue opportunities if it doesn't expand its sales channel (distribution channel). At the same time, management worries about maintaining the culture and service quality if the sales channel expands through indirect distribution, such as through the addition of retail partners.

1. How would you recommend that this brand expand its distribution?

2. Given the characteristics of this brand, what intensity of distribution makes the most sense, and why?

Answers

Gradually expand distribution through carefully selected retail partners to maintain brand identity and service quality.

To recommend the expansion of distribution for this luxury consumer brand while maintaining its brand identity and service quality, a gradual approach with carefully selected retail partners would be recommended. This approach allows the brand to maintain control over its distribution channels and ensure that the brand's core values and customer service standards are upheld.

By partnering with retail stores that align with the brand's image and target market, the brand can extend its reach to a wider customer base without compromising its premium positioning. This approach also allows the brand to leverage the expertise and existing customer base of the retail partners, gaining access to new markets and customer segments.

When determining the intensity of distribution that makes the most sense for this brand, a selective distribution strategy would be appropriate. Selective distribution involves partnering with a limited number of retail outlets that meet specific criteria, such as a focus on high-end products and a commitment to providing exceptional customer service.

Selective distribution allows the brand to maintain exclusivity and control over its distribution channels, ensuring that its products are only available in reputable and appropriate retail locations. This strategy helps preserve the brand's image as a luxury consumer brand and ensures that the brand's values and service standards are upheld. It also helps prevent dilution of the brand through widespread availability, maintaining a sense of exclusivity and desirability among consumers.

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how to make a business title​

Answers

Answer:

In this article, we'll give you eighteen tips for coming up with a great business name.

Use acronyms.

Create mash-ups.

Get inspiration from mythology and literature.

Use foreign words.

Use your own name.

Take a look at a map.

Mix things up.

Partner with another company.

Answer:

try to make it catchy, but relevant to your subject. its easy to remember, not hard to spell, and remember it doesn't have to really really cool, as long as it makes sense, and is easy to remember

Explanation:

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