1 answer

Grover Company has the following data for the production and sale of 1,000 units.    Sales...

Question:

Grover Company has the following data for the production and sale of 1,000 units.
  

Sales price per unit $ 800 per unit
Fixed costs:
Marketing and administrative $ 510,000 per period
Manufacturing overhead $ 150,000 per period
Variable costs:
Marketing and administrative $ 55 per unit
Manufacturing overhead $ 85 per unit
Direct labor $ 105 per unit
Direct Materials $ 150 per unit

  
What is the prime cost per unit?

Multiple Choice

  • $490

  • $105

  • $255

  • $235


Answers

SOLUTION :
Prime Cost : Direct cost related to production and service is a prime cost.
Direct cost is Direct Labor and direct materials is included in prime cost.
Prime Cost = Direct Material + Direct Labor
Prime Cost Per Unit = Direct Material Per Unit + Direct Labor Per Unit
Prime Cost Per Unit = $ 150 Per Unit + $ 105 Per Unit
Prime Cost Per Unit = $ 255 Per Unit
Answer = Option 3 = $ 255
.

Similar Solved Questions

1 answer
In 2018, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million...
In 2018, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16.40 per share. February 15: Sold 3 million treasury shares at $20.20 per share. September 20: Sold 3 million treasury shares at $15.20 per share. Poe had issued 50 mil...
1 answer
PN 105 Fundamentals of Nursing I Campus Lab Activity -Low Sodium Diet You are the nurse...
PN 105 Fundamentals of Nursing I Campus Lab Activity -Low Sodium Diet You are the nurse working with Dr. John Hampsey in his office. A 67-year-old patient, has the diagnosis of Congestive Heart Failure. He is compliant with his medications but the physician suspects he is not compliant with his diet...
1 answer
**** PLEASE WRITE WITH CLEAR HAND WRITING AND TAKE CLEAR PICTURES****** ALSO PLEASE DOUBLE CHECK YOUR...
**** PLEASE WRITE WITH CLEAR HAND WRITING AND TAKE CLEAR PICTURES****** ALSO PLEASE DOUBLE CHECK YOUR WORK****** WRITE YOUR FINAL ANSWER IN A BOX WITH CLEAR UNITS************ Four positive charges are placed on the corners of a square and the length of the side is 1.0 m and the magnitude of those ch...
1 answer
2 of 35 This Question: 8 pts Divide using synthetic division 3x12x + 3x + 4x-2...
2 of 35 This Question: 8 pts Divide using synthetic division 3x12x + 3x + 4x-2 x2 x + 3x + 2x + 3x2 + 4x = 2 x+2 (Simplily your answer. Use integers or fractions for any numbers in the expression. Do not factor) Enter your answer in the answer box...
1 answer
Systems Engineering SYSTEMS ENGINEERING Question 1. The single most important objective of the functional analysis and...
Systems Engineering SYSTEMS ENGINEERING Question 1. The single most important objective of the functional analysis and design step in the engineering design phase is to define the boundarie.s between the components and subsystems so as to minimize their interactions Question 1 options a) True b) ...
1 answer
Which of the following current ratio indicate a strong liquidity position of a company?      A....
Which of the following current ratio indicate a strong liquidity position of a company?      A. 0.6 B. 1.5 C. 1.2 D. 0.9...
1 answer
At the Dobren company, an all-day study revealed the sources of noise following: 0.5 h of...
At the Dobren company, an all-day study revealed the sources of noise following: 0.5 h of 98 dBA; 1h less than 90 dBA; 3.5 h of 92 dBA; 3 h of 102 dBA Does the company comply with current regulations? What is the exposure dose? What is the TWA noise level?...
1 answer
2. (16 points) Monopoly and Bertrand opoly and Bertrand Duopoly. In a monopoly market, the de...
2. (16 points) Monopoly and Bertrand opoly and Bertrand Duopoly. In a monopoly market, the de mand is p = 240 - 20. The firm's cost function is: for Q>O, C(Q) = 40 (a) Find the monopoly quantity and price.. Q = and PM = (b) Find the deadweight loss in the monopoly model. DWL = (c) If instead ...
1 answer
Part A Hydrogen and oxygen combine to form H,O via the following reaction: 2H2(g) + O2(g)...
Part A Hydrogen and oxygen combine to form H,O via the following reaction: 2H2(g) + O2(g) → 2H2O(g) How many liters of oxygen (at STP) are required to form 14.9 g of H2O? Express the volume to three significant figures and include the appropriate units. HMÅ O ? VE Value Units Submit Reque...
1 answer
4 7 Finish attempt... Question 5 Tries remaining: 1 Flag question Marked out of 1.00 Best...
4 7 Finish attempt... Question 5 Tries remaining: 1 Flag question Marked out of 1.00 Best Ball Bearings has a debt-to-total-assets ratio of 0.915 and Amazing Automotive has 0.99. Which of the following statements is true? Select one: A. Amazing Automotive reported more dollars of profit than Best Ba...
1 answer
(Q6) The management at a fast-food outlet is interested in the joint behaviour of the random...
(Q6) The management at a fast-food outlet is interested in the joint behaviour of the random variables Yı, defined as the total time between a customer's arrival at the store and departure from the service window, and Y2, the time a customer waits in line before reaching the service window....
1 answer
11. Which of the following molecules are linear? (Indicate all possible answers) (A) CO2 (B) HCN...
11. Which of the following molecules are linear? (Indicate all possible answers) (A) CO2 (B) HCN (C) H20 (D) CH4 (E) CO...
1 answer
6. Maleic anhydride reacts with ethylene glycol to produce an alkyd resin. Draw the structure of...
6. Maleic anhydride reacts with ethylene glycol to produce an alkyd resin. Draw the structure of the condensation polymer produced Malok anhydride...
1 answer
What a the vapor pressure (in mm Hg) of a solution of 17.0 g of glucose...
What a the vapor pressure (in mm Hg) of a solution of 17.0 g of glucose (C_6H_12O_6) in 84.0 g of methanol (CH_3OH) at 27 degree C? The vapor pressure of pure methanol at 27 degree C 140mm Hg. P_vapor = mm Hg...
1 answer
N 2005, 20% of all U.S. adults said that they had confidence in the U.S. Congress...
n 2005, 20% of all U.S. adults said that they had confidence in the U.S. Congress to work in the best interest of the people of the United States. Suppose that in 2015, in a random sample of 145 U.S. adults, 21 reported that they had confidence in the U.S. Congress to work in the best interest of th...
1 answer
Financial Statement Case This problem helps you develop skill in recording transactions by using a company's...
Financial Statement Case This problem helps you develop skill in recording transactions by using a company's actual account titles. Refer to the 2009 Amazon.com Financial Statements handout. Assume that Amazon.com completed the following selected transactions during December 2009: Dec. 1 Earned ...
1 answer
Calcium chloride is used in road salt. Calculate the number of chloride ions in 22.2g of...
Calcium chloride is used in road salt. Calculate the number of chloride ions in 22.2g of calcium chloride....
1 answer
Show anc explain in depth every step of the proof requested Let R be a commutative...
show anc explain in depth every step of the proof requested Let R be a commutative ring with unity Let I be an ideal of R such that if abel then a 6 I or 6 6 I for some nezt Next, let J= {xer | xME I for some mez"} show that I is a Prime ideal of R. (You may assume without proof that I is an ...
1 answer
The graph of the derivative f' of a function f is shown. 4 6 8 10...
The graph of the derivative f' of a function f is shown. 4 6 8 10 12 (a) on what interval is fincreasing? (Enter your answer using interval notation.) On what intervals is f decreasing? (Enter your answer using interval notation.) (b) At what values of x does have a local maximum or minimum? (En...