Consider the following data for Magnimus Corporation. Sales in units Sales revenue Direct materials Direct...

50.1K

Verified Solution

Question

Accounting

image

image

Consider the following data for Magnimus Corporation. Sales in units Sales revenue Direct materials Direct labour Manufacturing overhead Sales commission Other selling expenses Administrative expenses July 4,500 $495,000 82,800 100, 350 62,330 29, 250 40,970 32,800 August 5,200 $572,000 95,680 115,960 67,230 33,800 43,070 32,800 September 5,800 $638,000 106,720 129,340 71,430 37,700 44,870 32,800 Required: What is the average price per unit sold? Average price per unit 12020 Saved Wilson Company's activity for the first six months of the current year is as follows: Month January February March April May June Machine Hours 2,000 3,000 2,4001 1,900 1,800 2,100 Electrical Cost $1,600 $2,200 $1,840 $1,540 $1,480 $1,660 Using the high-low method, the fixed portion of the electrical cost each month would be? Multiple Choice $280 . $190 $760

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students