Booti Booti Bottling Works Manufactures Glass Bottles

question 136

Essay

Booti Booti Bottling Works manufactures glass bottles.January and February operations were identical in every way except for the planned production.
January had a production denominator of 35 000 units.
February had a production denominator of 36 000 units.
Fixed manufacturing costs totalled $126 000.
Sales for both months totalled 45 000 units with variable manufacturing costs of $4 per unit.Selling and administrative costs were $0.40 per unit variable and $60 000 fixed.The selling price was $10 per unit.
Required:
Compute the operating profit for both months using absorption costing.
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Distinguish between different sensory systems based on their receptor types and functions.

Understand the basic tastes that humans can perceive.

Identify the taste that is generally undetected by felines.

Recognize the taste associated with the detection of plant toxins.

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Definitions:

Income Distribution

The way in which a nation's total earnings are spread among its population, which can range from equal to highly unequal.

Human Capital

Human capital is the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.

Efficiency Wage

A theory proposing that higher wages lead to increased productivity and efficiency among workers by attracting better applicants, reducing turnover, and increasing worker effort.