Answer:
Product margin= $9,607.5
Explanation:
First, we need to calculate the allocation rates:
Assembly= 1,533,840 / 77,000= $19.92 per machine-hour
Processing orders= 91,065 / 1,950= $46.7 per order
Inspection= 139,788 / 1,980= $70.6 per inspection-hour
Now, we need to allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembly= 19.92*660= 13,147.2
Processing orders= 46.7*50= 2,335
Inspection= 70.6*10= 706
Total= $16,188.2
Finally, the product margin for product S78N:
Product margin= 430* (124.3 - 51.25 - 13.06) - 16,188.2
Product margin= $9,607.5
Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $48,000 and $76,000, respectively. The company expects to collect 60% of its credit sales in the month of the sale and the remaining 40% in the following month. What is the expected cash collections from credit sales during the first month
Answer:
$28,800
Explanation:
Follow the given collection policy :
Cash Collection = 60 % in month of the sale + 40 % in the following month
therefore,
During the first month :
Cash Collection = 60 % in month of the sale only
= $48,000 x 60 %
= $28,800
The expected cash collections from credit sales during the first month is $28,800
what is the most important contribution of the hawthorne studies
The Hawthorne studies taught managers that communication with the employees is essential for higher productivity and efficiency. One theory in the human relations subject which is criticised is Maslow's hierarchy of needs.
A popular, local coffeeshop in one of the suburbs of New York City (NYC) estimates they use 3,000 pounds of coffee annually. They have to determine how many pounds to order each time in order to minimize their total annual cost. a. Determine the optimal size of the order assuming an EOQ model with a holding cost of $10 per pound annually and an ordering cost of $100. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
EOQ = 244.948974 rounded off to 244.95 pounds
Explanation:
The EOQ or economic order quantity is the quantity of goods that must be ordered to reduce and minimize the inventory related costs. The EOQ can be calculated using the formula provided in attachment.
Using the formula in the attachment, we calculate the EOQ to be,
EOQ = √[(2 * 3000 * 100) / 10]
EOQ = 244.948974 rounded off to 244.95 units
a. The optimal size of the order where we assume that the Economic Order Quantity model should be considered as the 244.95 pounds.
Calculation of the optimal size:Since
It estimates they use 3,000 pounds of coffee annually.
The holding cost is $10 per pound
And the ordering cost of $100
So,
EOQ
= √[(2 * Annual demand * ordering cost) / carrying cost]
= √[(2 * 3000 * 100) / 10]
EOQ = 244.948974
= 244.95 units
Hence a. the optimal size of the order assuming an EOQ model should be 244.95 pounds.
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1. You invest $1,000 in a certificate of deposit that matures after ten years and pays 5 percent interest, which is compounded annually until the certificate matures. a. How much interest will the saver earn if the interest is left to accumulate? b. How much interest will the saver earn if the interest is withdrawn each year? c. Why are the answers to a and b different?
Answer and Explanation:
a. The computation of the interest earned is given below:
= $1,000 × (1.05)^10 - $1,000
= $628.29
b. Now the interest earned in case of withdrawn is
= $1,000 × 5% × 10
= $500
c. In part a there is a compound interest while on part b there is a simple interest so the both answers should be different
The same would be relevant and considered too
10. Stone Industries has three product lines: X, Y and Z. The following information is available: Product X Product Y Product Z Sales $100,000 $70,000 $44,000 Variable costs 76,000 48,000 30,000 Contribution margin 24,000 22,000 14,000 Avoidable fixed costs 9,000 18,000 3,000 Unavoidable fixed costs 6,000 6,000 7,700 Operating income(loss) $9,000 $(2,000) $3,300 Stone Industries is thinking about dropping Product Y because it is reporting a loss. Assume Stone Industries drops Product Y and does not replace it. What will happen to operating income
Monthly
Rent
Quanti
Demanded
(thousands)
Supplied
(thousands)
3
$ 800
$1,000
$1,200
$1,400
$1,600
$1,800
30
25
22
19
17
15
10
14
17
19
21
22
Using the table, what is the quantity of the surplus at $1,800?
A 6
B
5
c) 7
D
8
Answer:
snap a picture of the question
What would be the effects if a business didn't follow the matching principle?
Indicate the missing amount for each letter (a) through (i). Case A Case B Case C Direct materials used $ (a) $72,720 $131,700 Direct labor 59,280 90,560 (g) Manufacturing overhead 49,120 82,680 105,500 Total manufacturing costs 199,600 (d) 255,700 Work in process 1/1/20 (b) 17,110 (h) Total cost of work in process 226,310 (e) 339,900 Work in process 12/31/20 (c) 13,240 71,550 Cost of goods manufactured 188,400 (f)
Answer:
Case A Case B Case C
Direct materials used $ 91,200 $72,720 $131,700
Direct labor 59,280 90,560 18,500
Manufacturing overhead 49,120 82,680 105,500
Total manufacturing costs 199,600 245,960 255,700
Work in process 1/1/20 26,710 17,110 84,200
Total cost of work in process 226,310 263,070 339,900
Work in process 12/31/20 37,910 13,240 71,550
Cost of goods manufactured 188,400 249,830 268,350
Explanation:
Given:
Case A Case B Case C
Direct materials used $ (a) $72,720 $131,700
Direct labor 59,280 90,560 (g)
Manufacturing overhead 49,120 82,680 105,500
Total manufacturing costs 199,600 (d) 255,700
Work in process 1/1/20 (b) 17,110 (h)
Total cost of work in process 226,310 (e) 339,900
Work in process 12/31/20 (c) 13,240 71,550
Cost of goods manufactured 188,400 (f) (i)
Therefore, we have:
Case A
a. Direct materials used = Total manufacturing costs - Direct labor - Manufacturing overhead = 199,600 - 59,280 - 49,120 = 91,200
b. Work in process 1/1/20 = Total cost of work in process - Total manufacturing costs = 226,310 - 199,600 = 26,710
c. Work in process 12/31/20 = Total cost of work in process - Cost of goods manufactured = 226,310 - 188,400 = 37,910
Case B
d. Total manufacturing costs = Direct materials used + Direct labor + Manufacturing overhead = 72,720 + 90,560 + 82,680 = 245,960
e. Total cost of work in process = Total manufacturing costs + Work in process 1/1/20 = 245,960 + 17,110 = 263,070
f. Cost of goods manufactured = Total cost of work in process - Work in process 12/31/20 = 263,070 - 13,240 = 249,830
Case C
g. Direct labor = Total manufacturing costs - Direct materials used - Manufacturing overhead = 255,700 - 131,700 - 105,500 = 18,500
h. Work in process 1/1/20 = Total cost of work in process - Total manufacturing costs = 339,900 - 255,700 = 84,200
i. Cost of goods manufactured = Total cost of work in process - Work in process 12/31/20 = 339,900 - 71,550 = 268,350
If foreign manufacturers cut manufacturing costs and profit margins in response to a depreciation in the U.S. dollar, the effect of these actions is to a. lengthen the amount of time in which the depreciation leads to a smaller trade deficit. b. shorten the amount of time in which the depreciation leads to a smaller trade surplus. c. shorten the amount of time in which the depreciation leads to a smaller trade deficit. d. lengthen the amount of time in which the depreciation leads to a smaller trade surplus.
Answer:
a. lengthen the amount of time in which the depreciation leads to a smaller trade deficit.
Explanation:
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
Hence, if foreign manufacturers cut or reduce their manufacturing costs and profit margins in response to a depreciation in the U.S. dollar, the effect of these actions is certainly to lengthen or increase the amount of time in which the depreciation in the U.S dollars leads to a smaller trade deficit.
A deficit can be defined as an amount by which money, falls short of its expected value.
In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.
For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
In conclusion, a trade deficit is caused because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
In the Assembly Department of Concord Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were as follows. Budget Actual Indirect materials $15,700 $15,100 Indirect labor 21,900 22,500 Utilities 10,100 10,900 Supervision 5,900 5,900 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center.
Answer: See explanation
Explanation:
The responsibility report for April for the cost center is analysed below:
CONCORD COMPANY
Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020
Controllable Cost Budget Actual.
Difference
Indirect materials $15,700 $15,100 $600 Favorable
Indirect labor 21,900 22,500 600 Unfavorable
Utilities 10,100 10,900 800 Unfavorable
Supervision 5,900 5,900 0
Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by $10,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be
Answer:
$125,000
Explanation:
Particulars Amount
Sales revenue $115,000
Add: Accounts receivable decrease $10,000
Cash Receipt from customers $125,000
The sales revenue adjusted to a cash basis for the year is $125,000.
"Using the given information, determine the cost of one no rechargeable alkaline battery; and compare with the cost of one rechargeable NiCad battery. *Assumption: The cost of the electricity to recharge the NiCad is negligible (about $0.01). NiCad batteries can be recharged (reused) 100 times. A 4 pack of AA NiCad rechargeable batteries cost $10.80. A 4 pack of AA alkaline non rechargeable batteries cost $3.69. Over the life of the battery, which battery is most cost effective? Group of answer choices The NiCad AA rechargeable battery The AA alkaline non rechargeable battery Both batteries cost are the same Batteries are independent of chemical composition and therefore does not impact consumer cost structures"
Answer:
Over the life of the battery, the battery that is most cost-effective is:
The AA alkaline non rechargeable battery.
Explanation:
a) Data and Calculations:
Number of times that NiCad batteries can be recharged (reused) = 100 times
Cost of a 4 pack of AA NiCad rechargeable batteries = $10.80
Recharging cost = $1 ($0.01 * 100)
Total cost of AA NiCad rechargeable batteries = $11.80
Cost per use = $0.12 ($11.80/100)
Cost of a 4 pack of AA alkaline non rechargeable batteries = $3.69
Cost per use of AA alkaline non rechargeable batteries = $0.04 ($3.69/100)
b) The comparison and the resulting conclusions are based on the assumption that the non rechargeable and the rechargeable batteries enjoy equal useful life. Therefore, the AA alkaline non rechargeable batteries are also used 100 times.
Batteries are a group of cells that are used in devices so it works as an electric power supply. Batteries can be rechargeable or non-rechargeable.
The correct answer is:
Option B. The AA alkaline non-rechargeable battery.
This can be explained as:
NiCad batteries can be reused = 100 timesPrice of four-pack of AA NiCad batteries = $10.80Recharging value = [tex]\$1 (\$0.01 \times 100)[/tex]The complete price of AA NiCad batteries = $11.80Cost per use for rechargeable batteries = [tex]\$0.12 \; (\dfrac{\$11.80}{100}) = 0.0141[/tex]Price of four packs of AA alkaline non-rechargeable = $3.69Value per use of non-rechargeable batteries = [tex]\$0.04 \; (\dfrac{\$3.69}{100}) = 0.0014[/tex]Therefore, based on the comparison and consequences the AA alkaline non-rechargeable batteries are also utilised many times.
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Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 20 percent deposit two months before the occasion, 50 percent the month before, and the remainder on the day the costume is delivered. Based on information at hand, managers at S2BU expect to make costumes for the following number of occasions during the coming months.
April 40
May 35
June 20
July 30
August 55
September 120
Required:
(a) What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion.
(b) What are the expected cash receipts for each month, April through July?
Answer:
Scare-2-B-U (S2BU)
a) The expected revenues for each month:
Month Number of Occasions Expected Revenue
April 40 $12,400
May 35 10,850
June 20 6,200
July 30 9,300
August 55 17,050
September 120 37,200
Total 300 $93,000
b) The expected cash receipts:
April May June July
Expected revenue $12,400 $10,850 $6,200 $9,300
20% 2 months $1,240 $1,860 $3,410 $7,440
50% 1 month 5,425 3,100 4,650 8,525
30% delivery date 3,720 3,255 1,860 2,790
Cash receipts $10,385 $8,215 $9,920 $18,755
Explanation:
a) Data and Calculations:
Average selling price for each costume = $310
Cash Collections:
20% 2 months before delivery
50% 1 month before delivery
30% on the delivery date
Month Number of Occasions Expected Revenue
April 40 $12,400
May 35 10,850
June 20 6,200
July 30 9,300
August 55 17,050
September 120 37,200
Total 300 $93,000
April May June July August Sept.
Expected revenue $12,400 $10,850 $6,200 $9,300 $17,050 $37,200
20% 2 months $1,240 $1,860 $3,410 $7,440
50% 1 month 5,425 3,100 4,650 8,525 $18,600
30% delivery date 3,720 3,255 1,860 2,790 5,115 $11,160
Cash receipts $10,385 $8,215 $9,920 $18,755
20) Although sounding contradictory, some firms see great benefit to orienting operations that simultaneously focus efforts on ensuring local responsiveness, aggressively reducing operational costs, and systematically transferring ideas and innovations among subsidiaries. Companies following this approach are considered to be following a(n) ________ strategy. multidomestic transnational international global
Answer:
transnational
Explanation:
A business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
A transnational strategy can be defined as a set of planned actions through which a company focuses on establishing other branches in foreign markets. Thus, there exist some level of centralization, cooperation and interdependence between its headquarter, branches, subsidiaries and retail stores.
This ultimately implies that, a transnational strategy simply involves companies adopting the following approach;
I. Focusing efforts on ensuring local responsiveness.
II. Aggressively reducing operational costs.
III. Systematically transferring ideas and innovations among subsidiaries.
Hence, companies following the aforementioned approach are considered to be following a transnational strategy.
Bruce Tulgan, a consultant on generational workplace issues, estimates that 3.5 million people between the ages of 40 and 58 vanished from the American workforce from 2001 to 2004. That's about 5 percent of all baby-boomers. Tulgan writes, "Older white-collar workers are quickly becoming disenfranchised through no fault of their own. They have difficulty getting back into the job market, and when they do, their compensation is often significantly reduced." The disenfranchisement of baby boomers is an example of
Answer:
unequal treatment and hostile impact
Explanation:
The baby boomers are defined as the demographic cohort of people who were born between the year 1946 to year 1964. This generation of people are known a the baby boomers.
In the context, according to a consultant of generational workplace issues, Bruce Tulgan nearly 5% of all the baby boomers got vanished from the American workforce between the year 2001 to 2004. These white collar workers are becoming disenfranchised from their job through no fault of their own. The disenfranchisement of these baby boomers is an example of :
-- hostile impact
-- bona fide discrimination
-- quid pro quo selectivity
-- gender selectivity
-- unequal treatment
Fredericksen Corporation makes one product and has provided the following information: Budgeted sales, February 8,700 units Raw materials requirement per unit of output 6 pounds Raw materials cost $ 2.00 per pound Direct labor requirement per unit of output 2.9 direct labor-hours Direct labor wage rate $ 21.00 per direct labor-hour Predetermined overhead rate (all variable) $ 10.00 per direct labor-hour Variable selling and administrative expense $ 1.10 per unit sold Fixed selling and administrative expense $ 80,000 per month The estimated cost of goods sold for February is closest to: (Round your intermediate calculations to 2 decimal places.)
Answer:
COGS= $886,530
Explanation:
First, we need to calculate the unitary production cost:
unitary production cost= direct material + direct labor + allocated overhead
unitary production cost= (6*2) + (2.9*21) + (2.9*10)
unitary production cost= $101.9
Now, the cost of goods sold:
COGS= number of units sold*unitary production cost
COGS= 8,700*101.9
COGS= $886,530
Sheffield Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1010000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index December 31, 2020 $1287000 106 December 31, 2021 1429000 124 December 31, 2022 1627000 129 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO
Answer: $1226400
Explanation:
The cost of the ending inventory at December 31, 2020 under dollar-value LIFO will be calculated as:
= $1010000 + [($1287000/106 × 100) - $1010000] × 106/100
= $1010000 + ($1214151.4 - $1010000) × 1.06
= $1010000 + ($204150.94 × 1.06)
= $1010000 + $216400
= $1226400
Therefore, the cost of the ending inventory at December 31, 2020 under dollar-value LIFO is $1226400.
Which company does not issue credit reports? O A. TransUnion B. Experian C. Equifax D. Expedia
Answer:
Expedia
Explanation:
The following trial balance was drawn from the records of Havel Company as of October 1, year 2. Cash$16,000 Accounts receivable 60,000 Inventory 40,000 Store equipment 200,000 Accumulated depreciation $76,800 Accounts payable 72,000 Line of credit loan 100,000 Common stock 50,000 Retained earnings 17,200 Totals$316,000 $316,000 c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. (Negative amounts should be indicated by a minus sign.)
Question Completion:
Sales for October are expected to be $180,000, consisting of $40,000 in cash and $140,000 on credit. The company expects sales to increase at the rate of 10 percent per month. All accounts receivable are collected in the month following the sale.
Answer:
Havel Company
Havel may need to borrow money to be able to repay the Line of credit loan, pay salaries, and other office expenses, including interest on the line of credit loan.
Explanation:
a) Data and Calculations:
Havel Company
Trial Balance
As of October 1, Year 2:
Cash $16,000
Accounts receivable 60,000
Inventory 40,000
Store equipment 200,000
Accumulated depreciation $76,800
Accounts payable 72,000
Line of credit loan 100,000
Common stock 50,000
Retained earnings 17,200
Totals $316,000 $316,000
Expected sales in October = $180,000
Cash sales = $40,000
Credit sales = $140,000
Cash collection: month following the sale
Cash Budget for October 30, Year 2:
Beginning balance $16,000
Cash receipts
Cash sales 40,000
Accounts receivable 72,000
Total cash available $128,000
Cash payments:
Accounts payable 72,000
Line of credit repayment 100,000
Total payments $172,000
Ending cash balance ($44,000)
Please see the concluding part of the question as it is incomplete.
Sales for October are expected to be $180,000, consisting of $40,000 in cash and $140,000 on credit. The company expects sales to increase at the rate of 10 percent per month. All accounts receivable are collected in the month following the sale.Answer
The company (Havel) would have to borrow money inorder to pay back Line of credit loan which includes salary payment plus other interest accrued on the line of credit and other petty office expenses.
Havel Company
Trial Balance
As of October 1, Year 2:
Cash $16,000
Accounts receivable $60,000
Inventory $40,000
Store equipment $200,000
Accumulated depreciation $76,800
Accounts payable $72,000
Line of credit loan $100,000
Common stock $50,000
Retained earnings $17,200
Totals $316,000 $316,000
We know that;
Expected sales in October = $180,000 which is gotten by adding
Cash sales = $40,000
Credit sales = $140,000
Also,
Cash collection: month following the sale
Cash Budget for October 30, Year 2:
Beginning balance $16,000
Cash receipts;
Cash sales $40,000
Accounts receivable $72,000
Total cash available $128,000
Cash payments;
Accounts payable $72,000
Line of credit repayment $100,000
Total payments $172,000
Ending cash balance ($44,000)
It therefore means Havel would have to borrow money inorder to pay back Line of credit loan which includes salary payment plus other interest accrued on the line of credit and other petty office expenses.
I know headquarters wants us to add that new product line," said Dell Havasi, manager of Billings Company’s Office Products Division. "But I want to see the numbers before I make any move. Our division’s return on investment (ROI) has led the company for three years, and I don’t want any letdown."
Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on the basis of ROI, with year-end bonuses given to the divisional managers who have the highest ROIs. Operating results for the company’s Office Products Division for this year are given below:
Sales $10,000,000
Variable expenses 6,000,000
Contribution margin 4,000,000
Fixed expenses 3,200,000
Net operating income $800,000
Divisional operating assets $4,000,000
The company had an overall return on investment (ROI) of 15% last year (considering all divisions).The Office Products Division has an opportunity to add a new product line that would require an additional investment in operating assets of $1,000,000. The cost and revenue characteristics of the new product line per year would be:
Sales $2,000,000
Variable expenses 60% of sales
Fixed expenses $640,000
Requirement:
Compute the Office Products Division's ROI for the most recent year; also compute the ROI as it would appear if the new product line is added.
Answer:
1. 20.0%
2. 16.0%
Explanation:
1. Computation for the Office Products Division's ROI for the most recent year
Using this formula
ROI = Net operating income /Divisional average operating assets
Let plug in the formula
ROI= $800000/$4000000
ROI= 20.0%
Therefore the Office Products Division's ROI for the most recent year will be 20%
2. Computation for the ROI as it would appear if the new product line is added.
First step is to calculate the Net operating income using this formula
Net operating income = Sales - Variable expenses - Fixed expenses
Let plug in the formula
Net operating income= $2000000 - (60% x $2000000) - $640000
Net operating income= $160000
Now let compute the ROI
ROI = $160000/$1000000
ROI = 16.0%
Therefore the ROI as it would appear if the new product line is added is 16.0%
The fraction between the net revenue and the investment is called return on investment (ROI). A high ROI rate indicates investment profit above its generation value.
ROI can be calculated by:
[tex]\text{ROI} &= \dfrac{\text{Profit earned}}{\text{Cost of investment}}[/tex]
The Products Division's ROI will be 20% and ROI if the new product is added would be 16.0%.
1. Estimate for the Office Products Division's ROI for the most current time can be calculated as follow:
Using the formula:
[tex]\text{ROI} &= \dfrac{\text{Net operating income}}{\text{Divisional average operating assets}}[/tex]
[tex]\text{ROI} & = \dfrac{\$ 800000}{\$ 4000000}[/tex]
ROI= 20.0%
The Office Products Division's ROI for the most current time will be 20%.
2. Calculation for the ROI if the new product range is added.
The Net operating income can be calculated by using the formula:
[tex]\text{Net operating income} = \text{Sales} - \text{Variable\;expenses} - \text{Fixed expenses}[/tex]
[tex]\text{Net operating income} = \text{\$2000000} - \text{60\%} \times {\$2000000}} - \text{\$640000}[/tex]
Net operating income= $160000
Calculation of ROI:
[tex]\text{ROI} &= \dfrac{\$160000}{\$1000000}[/tex]
ROI = 16.0%
If the new product line is added then ROI will be 16.0%.
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How the experience affects buyer behavior.
Answer:
because it does
Explanation:
A
Answer:
Situational influences are temporary conditions that affect how buyers behave. They include physical factors such as a store's buying locations, layout, music, lighting, and even smells. Companies try to make the physical factors in which consumers shop as favorable as possible.
Explanation:
2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct materials used $125,000 Direct labor $100,000 Fixed indirect manufacturing $75,000 Variable indirect manufacturing $25,000 Variable selling and administrative $50,000 Fixed selling and administrative $25,000 Units produced and sold 25,000 NEIU Company uses the absorption approach to prepare the income statement. What is the product cost per unit
Answer:
Product cost per unit = $13
Explanation:
Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.
The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads.
Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000
Full cost per unit = Total full absorption cost/Number of units
= 325,000/25,000 =$13
Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production
Product cost per unit = $13
Sam and Sarah are thinking about getting married. However if either of them cheats on the other, they would get a payoff of 10, while the other person gets zero. If neither cheat, they stay with each other and get a payoff of 7 each and if both cheat, the relationship falls apart and each get a payoff of 1. What is the Nash equilibrium of this game?
Answer:
Self-interest can sometimes lead to sub-optimal outcomes.
Explanation:
In the field of economics, Nash equilibrium can be defined as the system which is stable and it involves the interaction of various participants where no participant can gain by the unilateral change in its strategy if the strategies of the others does not change. In order words, the player can obtain the desired outcome by not deviating or changing from their initial strategy.
In the context, as the outcome of cheating is more than staying together, both Sam and Sarah will tend to cheat and then end up achieving less payoff then what they will get if they stay together.
Therefore, sometimes, self interest can lead to the sub optimal outcomes.
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information: Activity Cost Driver Amount M XY Production setups Number of setups $ 73,000 12 18 Material handling Number of parts 49,000 68 23 Packaging costs Number of units 246,000 96,000 60,000 $ 368,000 What is the total overhead per unit allocated to Product XY using activity-based costing (ABC)
Answer:
Results are below.
Explanation:
First, we need to calculate the allocation rates:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Production setups= (73,000 / 30)= $2,433.33 per setup
Material handling= (49,000 / 91)= $538.46 per number of part
Packaging costs= (246,000 / 156,000)= $1.58 per unit
Now, we need to allocate costs to Product XY:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Production setups= 2,433.33*18= 43,799.94
Material handling= 538.46*23= 12,384.58
Packaging costs= 1.58*60,000= $94,800
Total allocated costs= $150,984.52
Finally, per unit basis:
Unitary cost= 150,984.52 /60,000= $0.27
Take a deck of playing cards and remove the aces, jacks, queens, kings, and jokers. Imagine that any remaining card in the deck is a single individual, either a seller or a consumer, and all are gathered at a single perfectly competitive market. Red cards are sellers, and black cards are consumers. The number on a card indicates the individual's WTP or MC. Each seller owns a single unit of an indivisible good. Each consumer can buy at most one unit of the good from a seller. Then the market outcome will be
Answer:
the equilibrium price is 6 and units sold is 10
Explanation:
In the case when we eliminate all the jacks, queens, aces and kings we have a total of 36 card that left with the numbers from 2 to 10
also there are 18 red card of sellers and 18 black card of buyers
Now the following table should be prepared
Price Quantity demanded Quantity supplied
2 18 2
3 16 4
4 14 6
5 12 8
6 10 10
7 8 12
8 6 14
9 4 16
10 2 19
As we can see that at the price of 6 the quantity demanded would be equivalent to the quantity supplied
So, the equilibrium price is 6 and units sold is 10
Swifty Corporation estimates its sales at 190000 units in the first quarter and that sales will increase by 11000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at
Answer:
$5,250,500
Explanation:
Budgeted cash collection for third quarter = Cash sales + Collection of credit sale of 3rd quarter + Collection of credit sale of 2nd quarter
Budgeted cash collection for third quarter = [(190,000+22,000)*$25*40%] + (212,000*$25*60%*70%) + (201,000*$25*60%*30%)
Budgeted cash collection for third quarter = $2,120,000 + $2,226,000 + $904,500
Budgeted cash collection for third quarter = $5,250,500
According to the video, what qualities do Loading Machine Operators need? Check all that apply.
college degree
high-school degree
on-the-job training
customer-service
skills leadership experience
Answer:
B and C
Explanation:
Edge 2021
Answer:
Explanation:
it is high-school degree and on-the-job training
Your company, a small start-up corporation, buys raw materials from Regina Fabrics on credit. Because her company has had several problems over the recent months, Regina demands either full payment in advance or a guaranty from someone with proof of assets to cover the debt. Your company does not have the cash on hand but you have sufficient assets to cover the debt and so you sign a guaranty on a six-month loan for the fabric. After two months, your company has the cash to pay off the loan and your financial officer offers to pay Regina. Because of some issues with her company, she refuses to accept payment and requests that you continue to pay the monthly payments. A month later your company is now short on cash and Regina comes to you as the guaranty and requests that you make the payment. You are unhappy that she didn't accept the payment when you had the cash. Evaluate whether or not you should have to pay as the guaranty.
Answer: See explanation
Explanation:
I believe that the main thing here that can favor my company is if there's documentation for every process involved with my dealings with Regina Fabrics.
This could have been solved if she didn't reject the cash that was offered to her company after two months, so there should be a formal documents that shows that she rejected the cash which should be acknowledged and signed by her. Also, the monthly payments received by her should be documented as well.
With regards to the above, if there is a formal documentation in place, then I won't have to pay as the guaranty but if this isn't in place, then I may have to pay since there won't be evidences against her.
Why is it important for developers to be careful when using cascading deletes?
They may create orphaned records.
They may link to data in external databases.
They may delete more records than intended.
They may disconnect the bond between tables.
Answer:
C. They may delete more records than intended.
Explanation: Just answered it on edg. 2021
Answer:
(C) They may accidentally delete more records than intended.
Explanation:
As a bank loan officer, you are considering a loan application by Peak Performance Sporting Goods. The company has provided you with the following information: Cash $ 25,000 Accounts Receivable 45,000 Inventory 140,000 Fixed Assets 190,000 Current Liabilities 70,000 Long-term Liabilities 90,000 Peak Performance's debt to owners' equity ratio (rounded to the nearest tenth of a percent) is:
Answer:
66.7%
Explanation:
Calculation to determine Peak Performance's debt to owners' equity ratio
First step is to calculate the Owner's Equity using this formula
Owner's Equity=Total Assets - Total Liabilities
Where,
Total Assets =$25,000 + $45,000 + $140,000 + $190,000
Total Assets = $400,000
Total Liabilities =$70,000 + $90,000
Total Liabilities=$160,000
Let plug in the formula
Owner's Equity=$400,000-$160,000
Owner's Equity=$240,000
Now let Calculate the debt to owners equity ratio using this formula
Debt to owners equity ratio= Debt [total Liabilities]/Owner's Equity
Let plug in the formula
Debt to owners equity ratio = $160,000/$240,000
Debt to owners equity ratio = 0.667*100
Debt to owners equity ratio= 66.7%
Therefore Peak Performance's debt to owners' equity ratio is 66.7%