Answers
Answer:
$89,100
Explanation:
Direct material = $6.6
Direct labor = $3.6
Variable manufacturing overheads = $1.35
Fixed manufacturing overheads = $3.3
Total production cost per unit = $6.6 + $3.6 + $1.35 + $3.3
Total production cost per unit = $14.85
Total amount of product cost incurred for 6000 unit:
= $14.85 * 6,000 units
= $89,100
Related Questions
When a shift in ________ occurs, rational expectations hold that its impact on output and employment will only be minimal.
Answers
Answer:
Aggregate demand occurs.
Explanation:
The aggregate demand curve of the AD curve will move to the right and components of the demand like consummation, government, and investment spending on the exports and imports will rise. Macroeconomics states that the curve is vertical over time and people should rationally accept this pattern.Contribution Margin Ratio a. Young Company budgets sales of $890,000, fixed costs of $26,000, and variable costs of $115,700. What is the contribution margin ratio for Young Company
Answers
Answer:
87 %
Explanation:
contribution margin ratio = Contribution ÷ Sales
therefore,
contribution margin ratio = ($890,000 - $115,700) ÷ $890,000
= 0.87 or 87 %
The contribution margin ratio for Young Company is 87 %.
There is an increase in the demand for aspirin at the same time as workers in the aspirin industry receive a substantial pay increase. What will most likely happen?
Answers
Answer:
There would be an increase in equilibrium quantity and there would be an indeterminate effect on equilibrium price
Explanation:
On June 5, Staley Electronics purchases 100 units of inventory on account for $10 each. After closer examination, Staley determines 20 units are defective and returns them to its supplier for full credit on June 9. All remaining inventory is sold on account on June 16 for $15 each.Required:Record transactions for the purchase, return, and sale of inventory.
Answers
Answer:
See the journal entries below.
Explanation:
First, we have:
Units of inventory purchased = 100
Units of inventory returned = 20
Units of inventory sold = Units of inventory purchased - Units of inventory returned = 100 - 20 = 80
Therefore, the journal entries will be as follows:
Date Details Debit ($) Credit ($)
June 5 Inventory (100 * $10) 1,000
Accounts payable 1,000
(To inventory purchased on account.)
June 9 Accounts payable (20 * $10 ) 200
Inventory 200
(To record inventory return.)
June 16 Account receivable (80 * $15) 1,200
Sales 1200
(To record sales on account.)
Cost of goods sold (80 * $10) 800
Inventory 800
(To record cost of goods sold on account)
Ramanond Technologies is an independent business that facilitates foreign exchange trades. In the context of institutions that make foreign exchange happen, Ramanond Technologies is categorized under:
Answers
Answer:
Fiscal investors.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Under globalization, a fiscal investor refers to an independent business that facilitates or enhances foreign exchange trades between two or more countries.
This ultimately implies that, fiscal investors are institutions or business firms that make it possible for foreign exchange to take place with respect to the buying and selling of goods and services between countries.
Using the GLOBE study results and other supporting data, determine what Japanese managers believe about their subordinates. How are these beliefs similar to those of U.S. and European managers? How are these beliefs different?
Answers
U.S management
The forecasted sales pertain to Arrow Corporation: Month Sales September $400,000 October 320,000 Finished Goods Inventory (August 31): 28,000 Arrow Corporation has a selling price of $5 on all units and expects to maintain ending inventories equal to 25 percent of the next month's sales. How many units does Arrow expect to produce in September
Answers
Answer:
68,000 units
Explanation:
The computation of the number of units that produced in september is given below;
The sales units at September is
= $400,000 ÷ 5
= 80,000 units
And, the october sales units is
= $320,000 ÷ 5
= 64,000 units
So, the production should be
= Ending finished units + sales units - beginning finished units
= (25% of 64,000 units) + 80,000 units - 28,000 units
= 16,000 units + 80,000 units - 28,000 units
= 68,000 units
what is another name for advertising?
Answers
Answer:
commercial, message, pitch
Explanation:
yes
A startup jewelry company wants to research designs from its potential new jewelry line. It has little money to devote to the research. Which combination of research methods would best suit its situation
Answers
Answer:
Mail and online research.
Explanation:
Since in the given situation, it can be seen that the company does not have much amount to be incurred on the research so the best option is to do online research and mail as the person research and the telephone research becomes expensive as compared to the mail and online research
Therefore the above should be the answer
hamilton construction company uses the percentage of completion method of accounting. in 2020. hamilton began work under
Answers
Question Completion:
Hamilton construction company uses the percentage of completion method of accounting. In 2020, Hamilton began work on the construction of a hospital, which provides for a contract price of $2,195,000. Other details follow: 202O 2021 Costs incurred during the year 637,600 1,000,000 Total estimated cost 1,594,000 1,637,600 Billings during the year 427,000 2,195,000 Collections during the year 343,000 1,509,000 What portion of the total contract price would be recognized as revenue in 2020?
Answer options: 2,195,000 878,000 1,097,500 427,000 343,000
Answer:
Hamilton Construction Company
The portion of the total contract price would be recognized as revenue in 2020 is:
= $878,000.
Explanation:
a) Data and Calculations:
Contract price = $2,195,000.
2020 2021
Costs incurred during the year $637,600 $1,000,000
Total estimated cost 1,594,000 1,637,600
Billings during the year 427,000 2,195,000
Collections during the year 343,000 1,509,000
Percentage of completion= Cost incurred in 2020/Total estimated cost in 2020 * 100
= $637,600/$1,594,000 * 100
= 40%
Revenue to be recognized in 2020 = 40% * Contract Price
= $878,000 ($2,195,000 * 40%)
14.With earned value management (EVM), the Government can determine if a program is currently experiencing a/n
Answers
Answer: cost or schedule variance
Explanation:
Earned value management, refers to the project management technique that's used for the measurement of project progress and performance.
Earned value management integrates the cost, schedule, and scope in the measurement of project performance and this can be used by the government to determine if a program is currently experiencing a cost or schedule variance.
Coronado Industries constructed a building at a cost of $30150000. Weighted-average accumulated expenditures were $12500000, actual interest was $1230000, and avoidable interest was $604000. If the salvage value is $2390000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is
Answers
Answer:
$709,100
Explanation:
Cost of the building = $30150000
Average accumulated expenditures = $12500000
Actual interest = $1230000
Avoidable interest = $604000
Salvage value = $2390000
Useful life = 40 years
Depreciation expense for the first full year:
= ((Cost of the building + Avoidable interest) - Salvage value) / Useful life
= [($30150000 + $604000) - $2390000] / 40
= [$30754000 - $2390000] / 40
= $28364000 / 40
= $709,100
So, the depreciation expense for the first full year using the straight-line method is $709,100.
The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is:
Answers
Answer: $160
Explanation:
Taxable income = Pretax income + (Non deductible expenses) - Deductible expenses
= Pretax income + Overweight fees + Depreciation expense - Depreciation in the tax return
= 195 + 5 + 70 - 110
= $160
Consider public policy aimed at smoking.
a. Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20 percent, by how much should it increase the price?
b. If the government permanently increases the price of cigarettes, will the policy have a larger effect on smoking one year from now or five years from now?
c. Studies also find that teenagers have a higher price elasticity of demand than do adults. Why might this be true?
Answers
Answer:
1. government shoud increase price by 50%. so it would be $3
2. larger effect 5 years from now
3. this is true due to their limited finance compared to adults
Explanation:
1. prices elasticity = % change in quantity demanded ÷ % change in price
price elasticity = 0.4
% change in dmd = 20%
% change in price = ?
[tex]0.4=\frac{0.20}{?}[/tex]
we cross multiply
? = 0.20/0.4
= 0.5
= 50%
so if the government wants to reduce smoking by 20%, it has to increase the price of cigarettes by half of its price= $2 + $1 = $3
2. goods usually have more elastic demand as time goes on. So if cigarette price is permanently raised, it would have a bigger effect five years from now. This is based on the fact that the people may not feel short run effect of the increase as they would in the long run. But gradually given this increase, people may start to gradually reduce their smoking.
3. The effect of the change in price would be more felt on the teenagers. this is due to the fact that they have limited financial strength compared to adults. Also they are new to smoking compared to the adults and are more likely to be less involved in the habit.
Review the following statements and determine which is (are) correct regarding an adjusted trial balance and how it is used In preparing financial statements. (Check all that apply.) Multiple select question. The adjusted trial balance includes all accounts and balances appearing in financial statements. The ending Retained Earnings account balance on the balance sheet is taken directly from the adjusted trial balance. Financial statements are easier to prepare using the adjusted trial balance than the general ledger. The balance sheet is the first financial statement prepared. The ending Retained Earnings account balance on the balance sheet is transferred from the statement of retained earnings. The income statement is the first financial statement prepared after preparing the adjusted trial balance.
Answers
Answer:
The Correct Statements regarding an adjusted trial balance and its use in preparing financial statements are:
1. The adjusted trial balance includes all accounts and balances appearing in financial statements.
3. Financial statements are easier to prepare using the adjusted trial balance than the general ledger.
5. The ending Retained Earnings account balance on the balance sheet is transferred from the statement of retained earnings.
6. The income statement is the first financial statement prepared after preparing the adjusted trial balance.
Explanation:
a) The above answers leave the following incorrect statements about the adjusted trial balance:
2. The ending Retained Earnings account balance on the balance sheet is taken directly from the adjusted trial balance.
4. The balance sheet is the first financial statement prepared.
b) In conclusion, the adjusted trial balance, which lists the general ledger account balances, is compiled after considering period-end adjustment entries, in line with the accrual concept and the matching principles of generally accepted accounting principles.
Assume the money supply is $800, the velocity of money is 8, and the price level is 2. Using the quantity theory of money: a. Determine the level of real output.
Answers
Answer:
3200
Explanation:
The computation of the level of real output is given below;
We know that
Money supply × velocity of money = Price level × Real output
And,
Nominal output = Price level × real output.
Now
a) level of real output = money supply × velocity of money ÷ price level
= 800 × 8 ÷ 2
= $6400 ÷ 2
= 3200
Airline Accessories has the following current assets: cash, $93 million; receivables, $85 million; inventory, $173 million; and other current assets, $9 million. Airline Accessories has the following liabilities: accounts payable, $80 million; current portion of long-term debt, $26 million; and long-term debt, $14 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
Answers
Answer:
See below
Explanation:
1. The current ratio is the sum of current assets divided by current liabilities. It used to measure the ability of the airlines accessories to meet its short term obligation due within a year
Current ratio = $93 million + $85 million + $9 million / $80 million + $26 million
Current ratio = $187 million / $106 million
Current ratio = 1.76:1
Current ratio = 1.76 times
2. Acid test ratio. This measure liquidity but with adjustment for risky current assets i.e Inventory
Acid test ratio = Current assets - Inventories / Current liabilities
Acid test ratio = ($187 million - $173 million) / $106 million
Acid test ratio = $14 million / $106 million
Acid test ratio = 0.13:1
Acid test ratio = 0.13 times
You own a stock portfolio invested 30 percent in Stock Q, 14 percent in Stock R, 40 percent in Stock S, and 16 percent in Stock T. The betas for these four stocks are .99, 1.05, 1.45, and 1.90, respectively. What is the portfolio beta
Answers
Answer:
the portfolio beta is 1.33
Explanation:
The computation of the portfolio beta is shown below:
= respective percentage × respective betas
= 0.30 × 0.99 + 0.14 × 1.05 + 0.40 × 1.45 + 0.16 × 1.90
= 0.297 + 0.147 + 0.58 + 0.304
= 1.328
= 1.33
Hence, the portfolio beta is 1.33
The same should be considered and relevant too
Lighting design personnel must: A. Understand environmental, cost, and associated benefits of energy-efficient lighting B. Recognize when specialized knowledge is necessary C. Estimate energy cost savings D. All of the above
Answers
Answer: All of the above
Explanation:
The Lighting Design Personnel is in charge of the designing, the installation, and the operation of lighting and every other special electrical effects.
Such person must understand environmental, cost, and associated benefits of energy-efficient lighting. Also, he or she must be bake to recognize when specialized knowledge is necessary and also estimate energy cost savings
Therefore, the correct option is all of the above.
Compute the payback period for a project that requires an initial outlay of $297,771 that is expected to generate $40,000 per year for 9 years.
Answers
Answer:
7.44
Explanation:
The computation of the payback period is given below:
Time Amount Cumulative
0 (297,771) (297,771)
1 40,000 (257,771)
2 40,000 (217,771)
3 40,000 (177,771)
4 40,000 (137,771)
5 40,000 (97,771)
6 40,000 (57,771)
7 40,000 (17,771)
8 40,000 22,229
9 40,000 62,229
Now the payback period is
=7 + (17,771 ÷ 40,000)
= 7.44
Crane Corporation's computation of cost of goods sold is:
Beginning inventory $34800
Add: Cost of goods purchased 470000
Cost of goods available for sale 504800
Less: Ending inventory 72000
Cost of goods sold $432800
The average days to sell inventory for Fry are:________
Answers
Answer:
16.64 days
Explanation:
Given the above information, we will calculate the average days to sell inventories with the formula below;
Average days to sell inventories = [Ending inventory / Cost of goods sold] × 100
Ending inventory = $72,000
Cost of goods sold = $432,800
Then, Average days to sell inventories
= [$72,000 / $432,800] × 100
= 16.64 days
Therefore, the average days to sell inventory for Fry are 16.64 days
Your parent offer you the opportunity to invest $ 50,000 in new coffee shop on the existing building on their property. It is located in the city centre. This building has 200m2 of space. Assumed that the project lasts 9 years, opportunity cost of capital is 10%, corporate income tax is ignored.
a. You should make some assumptions and forecast intial investment (cost of reparing old building and purchase of fix assets); operation cash flow (\, price per cup of coffee, number of cups of coffee per year; cost, depreciation, profit and cash flow from operation); and cash flow from changes in working capital.
b. What is NPV of this project? Do you invest this project? Why?
Answers
Answer:
no I don't invest this project
A stock just paid an annual dividend of $1.10. The dividend is expected to increase by 10 percent per year for the next two years and then increase by 2 percent per year thereafter. The discount rate is 14 percent. What correctly computes the current stock price?
Answers
Answer: $10.79
Explanation:
This requires the use of the Dividend Discount Model.
The price of the stock is the present value of the dividends for the two years and then the Terminal value.
Terminal value = Third year dividend / (Required return - Growth rate)
= (1.10 * 1.10² * 1.02) / (14% - 2%)
= 1.35762 / 12%
= $11.31
Price of stock is:
= Present value of first year dividend + Present value of second year dividend + Present value of Terminal value
= ((1.10 * 1.1) / 1.14) + (( 1.10 * 1.1²) / 1.14²) + (11.31 / 1.14²)
= $10.79
Do government statisticians calculate GDP by simply adding up the total sales of all business firms in one year? Explain.
Answers
Answer:
No
Explanation:
No, because the gross domestic product is determined by encompassing the final product. If the total sales are used to determine the GDP then the false value of GDP will come up because the problem of double counting will arise. Many firms sell their goods to other firms which is intermediate goods for the other firms.
What is the effective annual interest rate of an investment that pays 14.75% per year with a compound frequency n= 2? (Answer percentage rounded to second decimal place).
Answers
Answer:
15.29%
Explanation:
r = Interest rate = 14.75%
m = Number of times compounding in a year = 2
Effective Annual Rate = (1 + r/m)^m - 1
Effective Annual Rate = (1 + 0.1475/2)^2 - 1
Effective Annual Rate = 1.07375^2 - 1
Effective Annual Rate = 1.1529390625 - 1
Effective Annual Rate = 0.1529391
Effective Annual Rate = 15.29%
So, the effective annual interest rate of the investment is 15.29%
A sequence aligned with creating and evaluating an information system or resource includes:________.
a. Model formulation
b. System developement
c. System deployment
d. Study of effects
Answers
Answer:
C. System development
Explanation:
The sequence that is aligned with creating and evaluating an information system or resource includes system development
What is information system?An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. From a sociotechnical perspective, information systems are composed by four components: task, people, structure (or roles), and technology.
Information systems can be defined as an integration of components for collection, storage and processing of data of which the data is used to provide information, contribute to knowledge as well as digital products that facilitate decision making.
A computer information system is a system that is composed of people and computers that processes or interprets information. The term is also sometimes used to simply refer to a computer system with software installed.
What is system development?In systems engineering, information systems and software engineering, the systems development life cycle (SDLC), also referred to as the application development life-cycle, is a process for planning, creating, testing, and deploying an information system.
The systems development life cycle concept applies to a range of hardware and software configurations, as a system can be composed of hardware only, software only, or a combination of both.
There are usually six stages in systems development cycle: requirement analysis, design, development and testing, implementation, documentation, and evaluation.
Hence, option C is the correct answer
To learn more about information system (IS) here,
https://brainly.com/question/11768396
#SPJ2
If planned aggregate expenditure (PAE) in an economy equals 2,000 0.8Y and potential output (Y*) equals 11,000, then this economy has
Answers
Answer: a recessionary gap
Explanation:
Equilibrium occurs where the planned aggregate expenditure is equals to the income Y.
Therefore, based on the question given, for this economy,
(2,000 + 0.8Y) = Y
Y - 0.8Y = 2000
0.2Y = 2000
Y = 2000/0.2
Y = 10,000.
Since potential output Y* is given as 11,000, then there's a recessionary gap since the actual output is lower than the potential output.
A firm sells two products, Regular and Ultra. For every unit of Regular sold, two units of Ultra are sold. The firm's total fixed costs are $1,612,000. Selling prices and cost information for both products follow. The contribution margin per composite unit is: Product Unit Sales Price Variable Cost Per Unit Regular $ 20 $ 8 Ultra 24 4 Multiple Choice
Answers
Answer:
$12
$20
Explanation:
contribution margin = price - variable cost
20 - 8= 12
24 - 4 = 20
Last month a manufacturing company had the following operating results: What was the cost of goods manufactured for the month
Answers
Answer:
Cost of goods manufactured 429000
Explanation:
The computation of the cost of goods manufactured is shown below:
Particulars Amount (in $)
Sales 505000
Less: Gross Margin 63000
Cost of goods sold 442000
Add: Ending Finished Goods Inventory 71000
Less: Opening Finished Goods Inventory 84000
Cost of goods manufactured 429000
What is a plan implemented by a company promising value to its customers and converting customer payments into a profit called
Answers
Answer:
Business model
Explanation:
A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.
Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.
Similarly, a business model can be defined as a plan developed and implemented by a company while expressly promising value to its customers and converting the payments made by customers for goods or services into a profit.
