Answer: 61,390 liters
Explanation:
If materials were added at the beginning, they will be 100% accounted for at the end of the process.
Equivalent Units = Units started and completed + Ending inventory
= Units completed - Beginning WIP + Ending inventory
= 59,110 - 2,900 + 5,180
= 61,390 liters
The following standards have been established for a raw material used to make product O84: Standard quantity of the material per unit of output 7.6 meters Standard price of the material $ 18.80 per meter The following data pertain to a recent month's operations: Actual material purchased 3,900 meters Actual cost of material purchased $ 76,830 Actual material used in production 3,600 meters Actual output 550 units of product O84 The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the month
Answer:
The answer is "[tex]\$3,510 \ U[/tex]"
Explanation:
Calculating the materials price variance:
[tex]= (AQ \times AP)\ ? \ (AQ \times SP)\\\\= \$76,830 \ ? \ (3,900 \times \$18.80) \\\\= \$76,830 \ ? \ (\$73,320) \\\\= \$3,510 \ U[/tex]
A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,400 and is paid at the beginning of the first year. Seventy percent of the premium applies to manufacturing operations and thirty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage?
Answer:
Period cost ⇒ $240Product cost ⇒ $560Explanation:
First find out the amount of money that pertains to the first year:
= 2,400 / 3 years
= $800
Out of the $2,400, $800 is the payment for the year.
Product cost is the portion that would go towards manufacturing operations:
= 70% * 800
= $560
Period cost is the cost that applies to the selling and administrative activities:
= 30% * 800
= $240
alser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $ 960,000 Less expenses: Variable production costs $ 464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $ (40,000) Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable. Assume that dropping Product JYMP will have no effect on other products. The annual financial advantage (disadvantage) for the company of eliminating this product should be:
Answer:
($2,000)
Explanation:
Missing word "Assume that dropping Product JYMP would result in a $90,000 increase in the contribution margin of other products"
Particulars Amount
Loss in contribution margin of JYMP ($352,000)
($960000-$464000-$144000)
Avoidable fixed costs $260,000 ($160000+$100000)
Additional contribution margin $90,000
Financial (disadvantage) ($2,000)
So, the annual financial (disadvantage) for the company of eliminating this product will be ($2,000)
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $ 602,000 $ 505,000 Variable costs 230,000 299,000 Traceable fixed costs 150,500 191,000 Allocated common corporate costs 127,600 155,000 Net operating income (loss) $ 93,900 $ (140,000) The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall company net operating income (loss) of:
Answer:
Net operating loss = $61,100
Explanation:
Particulars East division (a) West division (b) Total
Sales $602,000 $0 $602,000
Less Costs
Variable costs -$230,000 $0 -$230,000
Traceable fixed costs -$150,500 $0 -$150,500
Allocated corporate costs -$127,600 -$155,000 -$282,600
Net income (loss) $93,900 -$155,000 -$61,100
Match each Zara System feature with a Toyota Production System feature. Each option (A through E) should be used exactly once, i.e., you should find a one-to-one match. - Less than 2 weeks from drawing board to store - All storefronts are designed centrally - Direct shipments from factory to store - Small collections to minimize markdowns - New designs based on sales patterns - Zara regulars look for black plastic hangars A. Pull system B. Standardized work C. Visual Management D. Inventory > need is waste E. Pathway Rule F. Just-In-Time
Answer:
Matching Zara System Features with Toyota Production System Features
Zara System feature Toyota Production
System feature
- Less than 2 weeks from drawing
board to store Pull system
- All storefronts are designed centrally Pathway Rule
- Direct shipments from factory to store Just-In-Time
- Small collections to minimize markdowns Inventory > need is waste
- New designs based on sales patterns Standardized work
- Zara regulars look for black plastic hangers Visual Management
Explanation:
A. Pull system: limited work in process; orders are placed on demand.
B. Standardized work: sequential documentation of work processes.
C. Visual Management: involves visual communication of work expectations, performance standards, or variance warnings.
D. Inventory > need is waste: This specifies inventory optimization.
E. Pathway Rule: This rule dictates a simple and direct pathway for every product or service without encouraging decision forks.
F. Just-In-Time: matching production schedules or store demands with supplies in order to reduce inventory costs, reduce wastes, and increase supply-chain efficiency.
You own a stock portfolio invested 35 percent in Stock Q, 25 percent in Stock R, 15 percent in Stock S, and 25 percent in Stock T. The betas for these four stocks are 1.34, 0.88, 0.57, and 1.02, respectively. What is the portfolio beta?
Answer:
1.03
Explanation:
Beta is used to measure systemic risk. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors.
Systemic risk are risk that are inherent in the economy. They cannot be diversified away.
The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio
weighed beta of a stock = percentage of the stock in the portfolio x beta of the stock
Stock Q = 0.35 x 1.34 = 0.469
Stock R = 0.25 X 0.88 = 0.22
Stock S = 0.15 x 0.57 = 0.0855
Stock T = 0.25 x 1.02 = 0.255
Portfolio beta = 0.469 + 0.22 + 0.0855 + 0.255 = 1.0295 = 1.03
Diamond Boot Factory normally sells their specialty boots for $26 a pair. An offer to buy 70 boots for $18 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $9 and special stitching will add another $2 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization. Enter the amount as a positive number. Differential per pair of boots from accepting the special order is $fill in the blank 2 .
Answer:
Diamond Boot Factory
Differential income per pair of boots from accepting the special order is:
= $7.00.
Explanation:
a) Data and Calculations:
Selling price of specialty boots = $26 a pair
Variable cost per boot = $9
Special offer for 70 boots at $18 per pair
Additional stitching cost = $2
Total variable cost for the special order = $11 ($9 + $2)
Revenue from the special order = $1,260 ($18 * 70)
Variable cost for the special order 770 ($11 * 70)
Differential income = $490 ($7 * 70)
Brief Exercise 22-08 Carla Vista Company has completed all of its operating budgets. The sales budget for the year shows 50,820 units and total sales of $2,391,000. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $303,100. Interest is estimated to be $13,060. Income taxes are estimated to be $220,400. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020.
Answer and Explanation:
The preparation of the multiple-step income statement is presented below:
Sales $2,391,000
Less: Cost of, goods sold ( 50,820 × $ 23) $1,168,860
Gross profit $1,222,140
Less: Selling and administrative expenses $303,100
Earnings before interest and taxes $919,040
Less; Interest expense $13,060
Earnings before taxes $905,980
Less: Income tax expense $220,400
Net income $685,580
Chloe and Guilherme both work at the local factory producing cars. Chloe earns $22 per hour working the day shift, and Guilherme earns $25 per hour working the night shift. Chloe and Guilherme do the same job, have the same experience, and have the same level of education. This means that the a. higher-paying job has a compensating wage differential of $25 per hour. b. higher-paying job is intrinsically more attractive than the lower-paying job. c. factory is discriminating against Chloe because she is a woman. d. higher-paying job has a compensating wage differential of $3 per hour.
Answer: d. higher-paying job has a compensating wage differential of $3 per hour.
Explanation:
Compensating wage differential is the amount paid to a worker to entice them to take a less attractive job. In this scenario, the less attractive job is working the night shift which is what Guilherme is doing.
To compensate Guilherme for taking this job, the company is paying $25 instead of the $22 it is paying Chloe. This means that the compensating wage differential is the difference which is:
= 25 - 22
= $3
What are the common barriers to communication?
Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 per year and cash operating expenses by $100,000 per year. The equipment would cost $400,000 and have a 5-year life with no salvage value. The simple rate of return on the investment is closest to ________. multiple choice
Answer:
17.5%
Explanation:
depreciation = 400,000 / 5 = 80,000
return = $250,000 - %100,000 - $80,000 = 70,000
70,000 / 250,000 =
Which of the following statements is true regarding the degree of operating leverage?
A. The degree of operating leverage is irrelevant to managers when trying to understand the effect of potential changes in sales volume and the impact it might have on net operating income.
B. A decline in sales for a company with a high degree of operating leverage will result a larger decline in net operating income (NOI) compared to a company with a low degree of operating leverage.
C. A company with a high degree of operating leverage has a lower proportion of fixed costs in its cost structure compared to a company with a lower degree of operating leverage.
D. A sales increase of 10% for a company with a degree of operating leverage of 4.0 will result in a 40% decrease in net operating income.
Answer:
B
Explanation:
The degree of operating leverage (DOL) measures the sensitivity of a company's operating income to changes in the demand
DOL = percentage change in operating income / percentage change in units sold
or
DOL = [Q(P - V) ] /[ Q(P - V) - F]
Q = quantity
P = price
V = variable cost
F = fixed cost
the higher the fixed cost, the higher the DOL
Why is the skills of Nurse Practitioner
going to be in such high demand in the
future?
Answer:
There are several contributory factors for greater demand for professional nurses in the future, some of which are: lower cost of the workforce and greater autonomy to assume responsibilities.
Explanation:
It is possible to see an increase in the demand for nursing professionals, and this demand will continue to increase in the future, and the reasons for this increase is the increase in the valuation of the profession, since there is still a lack of primary care doctors, being nurses the most suitable professionals to assume this position, having for this reason an increase in responsibilities, such as autonomy in the decision-making process, the possibility of prescribing medications and tests to certain patients.
There is also the fact that they provide essential care to the patient with a satisfactory cost-benefit, and these professionals are also able to provide family care and in outpatient centers, where the presence of nurses is extremely necessary. Therefore, it will be increasingly necessary for nurses to qualify and develop skills in the decision-making process.
The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
Rhinebeck Company
Product-Line Income Statement
For the Month Ended October 31
Hats Gloves Mufflers
Sales $71,000 $105,700 $45,000
Cost of goods sold (32,600) (42,300) (27,000)
Gross profit $38,400 $63,400 $18,000
Selling and administrative27400 (42,800) (25000)
expenses
Operating income (loss) $11,000 (20,600) $(7,000) Fixed costs are 20% of the cost of goods sold and 30% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued.
Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2).
Answer:
Mufflers should be continued (Alternative 1)
Explanation:
Preparation of a differential analysis dated to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2).
DIFFERENTIAL ANALYSIS
Continued (Alternative 1); Discontinued (Alternative 2); Differential effect on income Alternative 2)
October 31
Revenue $45,000 $0 ($45,000)
Costs:
Variable cost of goods sold ($21,600) $0 $21,600
[$27,000*(1-20%)]
Variable selling and administrative expense
($17,500) $0 $17,500
[$25,000*(1-30%)]
Fixed income ($12,900) ($12,900) $0
[($27,000*20%)+($25,000*30%)]
Income(Loss) ($7,000) ($12,900) ($5,900)
Based on the above Differential Analysis MUFFLERS SHOULD BE CONTINUED reason been that the income will decrease by $5,900 if Mufflers discontinued.
A project has the following cash flows: Year Cash Flows 0 -1,200 1 600 2 600 3 600 4 300 5 200 6 200 What is the Internal Rate of Return (IRR) of this project?
The internal rate of return of the project given its cash flows is 34.26%.
What is the internal rate of return?Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
The internal rate of return can be determined using a financial calculator.
Cash flow in year 0 = -1200
Cash flow in year 1 - 3 = 600
Cash flow in year 4 = 300
Cash flow in year 5 - 6= 200
Internal rate of return = 34.26%
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Sean just graduated from college and is now in the market for a new car. He has saved up to $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599 and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes a dealership check for $4,000 and takes out a loan for the remainder of the purchase price.
Identify what role money plays in each of the following parts of the story. (Medium of exchange, unit of account, or store of value)
A. Sean writes a check for $4,000.
B. Sean can easily determine that the price of the Super is more than the price of the Duper.
C. Sean has saved $4,000 in his checking account.
Answer:
Medium of exchange
unit of account
store of value)
Explanation:
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you buy a car with a check
2. Unit of account : money can be used to value goods and services. SEAN was able to determine which is more valuable between super and duper using the price.
3. Store of value : money can retain its value over the long term, this it can be used as a store of value.
The _____ is the person who provides support or obtains funding.
stakeholder
project manager
customer
sponsor
Answer:
sponsor
Explanation:
According to the Florentine humanist, Leonardo Bruni, history should be studied first (after a mastery of Latin grammar) because: Group of answer choices studying the past makes it easier to understand the affairs of the current era people are doomed to repeat past mistakes understanding the past is the key to making better business decisions and gaining wealth religion is not a reliable source of wisdom and inspiration
Answer: studying the past makes it easier to understand the affairs of the current era
Explanation:
Leonardo Bruni was such an influence in the field of history that he has been known as the first modern historian for his contribution to history during the Renaissance.
Leonardo Bruni urged people to read history because he believed that in doing so, one would be able to better understand the affairs of the present because they will have a reference point to an event that occurred in the past.
To conduct an experiment, a movie theater increased movie ticket prices from $9 to $10 and measured the change in ticket sales. The theater then gathered data over the following month to determine whether the price increase was profitable. Assume total costs to the theater are the same, whether the price of a ticket is $9 or $10.
In order for the ticket price to have been profitable over the month, the elasticity of demand for movie tickets must be______.
Demand curves become_____elastic in the long run. This means that the ticket price increase will likely be____profitable in the long run.
Answer:
RELATIVELY INELASTIC
more elastic
less
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
If demand is relatively inelastic and price increases, there would be little or no change in the quantity demanded and as a result, total revenue would increase
If demand were elastic and prices were increased, quantity demanded would fall more than the increase in price. As a result, total revenue would fall
In the long run, people have more time to search for suitable alternatives. Thus, demand tends to be more elastic in the long run
If the long run, price is increased, the total quantity demanded would fall and revenue would fall
The Haskins Company manufactures and sells radios. Each radio sells for $23.75 and the variable cost per unit is $16.25. Haskin's total fixed costs are $25,000, and budgeted sales are 8,000 units. What is the contribution margin per unit?
a) $7.50
b) $16.25
c) $23.75
d) $60,000
e) $1.25
Answer:
a) $7.50
Explanation:
The computation of the contribution margin per unit is shown below
The contribution margin per unit is
= Selling price per unit - variable cost per unit
= $23.75 per unit - $16.25 per unit
= $7.50 per unit
By substracting the variable cost per unit from the selling price per unit we can get the contribution margin per unit
Hence, the option a is correct
If Andrew takes $10 from his wallet and deposits it into his checking account, what happens to M1 and M2?
(1 point)
A.
Both M1 and M2 increase.
B.
M1 decreases and M2 increases.
C.
Both M1 and M2 are unaffected.
D.
M1 is unaffected and M2 decreases
Answer:
B. M1 decreases and M2 increases
What is the term for selling related products?
Answer:
cross-sell..........
Question 13 of 19
Which of the following is a benefit of international trade?
A. Citizens can vote in the elections of countries from which they
make purchases.
B. Consumers have access to more products.
C. Producers have international production requirements that they
must follow.
D. Governments can reduce the amount of money they spend on
international defense.
SUBMIT
Answer:
B
Explanation:
International trade is the exchange of goods and services across a countries borders
International trade can be export or import
export is sending a good to a foreign country
import is receiving goods from a foreign country
international trade increases the variety of goods available to consumers
a downside is it increases the competition faced by local producers
The buying and selling of products and services between businesses in several nations is referred to as international trade. On the global market, commodities such as consumer products, raw resources, food, and machinery are all purchased and sold.
The benefit of international trade is that consumers have access to more products. Thus, the correct answer to this question is option (B).
Through commerce, nations may obtain commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global commerce.
Global trade offers individuals and nations the chance to experience products and services that are either unavailable or more expensive domestically.Political economists like Adam Smith and David Ricardo were among the first to acknowledge the significance of international commerce.However, some contend that commerce with other countries can really be detrimental to smaller countries, placing them at a disadvantage in the global arena.Therefore, The benefit of international trade is that consumers have access to more products. Thus the correct answer to this question is option (B).
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Hartley Electronics, Inc., in Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the owner, Janet Hartley, to reduce inventory by introducing a kanban system. After several hours of analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this connector?
Daily demand 600 connectors
Lead time 2 days
Safety stock 50 days
Kanban size 500 connectors
Answer:
62.4kanbans
Explanation:
Calculation to determine How many kanbans do you need for this connector
First step is to calculate the Demand During Lead Time
Using this formula
Demand During Lead Time= 2 days x Daily Demand
Let plug in the formula
Demand During Lead Time=2*600
Demand During Lead Time=1,200
Second step is to calculate the Safety Stock
Using this formula
Safety Stock= 50 days of Production x Daily Demand
Let plug in the formula
Safety Stock=50*600
Safety Stock=30,000
Third step is to calculate the Lot Size using this formula
Lot Size= Demand During Lead Time + Safety Stock
Let plug in the formula for
Lot Size=1200+30,000
Lot Size=31200
Now let calculate How many kanbans do you need for this connector. Using this formula
Numbers of kanbans =Demand During Lead Time + Safety Stock / Size of Container
Let plug in the formula
Numbers of kanbans=31200/500
Numbers of kanbans=62.4kanbans
Therefore How many kanbans do you need for this connector is 62.4
discuss the role of entrepreneurship in the south african economy
Answer:
here you go
Explanation:
Key Takeaways. Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
Answer:
it is very good but also very long
there's like 5 seasons and every ep is nearly an hour long
5) In class we discussed different shocks; for each of the following, describe how monetary policymakers would respond (if at all) to stabilize economic activity. a. A reduction in autonomous consumption. related to consumer spending. b. An increase in government expenditures. c. An appreciation of the dollar relative to other currencies.
Answer:
a) monetary policy will be eased
b) Monetary policy will be tightened
c) Monetary policy will be eased
Explanation:
A) A reduction in autonomous consumption
A reduction in autonomous consumption will cause the monetary policy makers to apply an autonomous easing of monetary policy and this is to help balance the economy because of the reduction seen in aggregate demand
b) An increase in government expenditures
An increase in government expenditures will result in an increase in demand hence monetary policy will be made tighter in order to balance the economy activities
c) An appreciation of the dollar
when the dollar appreciates relative to other currencies the effect is that there will be a decrease in exports and increase in imports, hence the monetary policymakers will apply an autonomous easing of monetary policy to help balance economic activities
Networking is an example of this section of the marketing plan.
O marketing strategy
O marketing tactic
O competitive analysis
O market analysis
Networking is an example of A.marketing strategy section of marketing plan.
What is Network marketing?Network marketing is a type of business that relies on independent salespeople selling to other people one-on-one while frequently working from home.
Network marketing is a type of marketing where people use their own networks to expand their businesses or sell products. With the typical implementation of a training and mentoring procedure for new employees, these networks are leveraged to generate leads and recruit clients or partners.
Therefore, option A is correct.
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Suppose the corporate tax rate is 30%. Consider a firm that earns $3,500 in earnings before interest and taxes each year with no risk. The firm's capital expenditures equal its depreciation expenses each year, and it will have no changes to its net working capital. The risk-free interest rate is 5%. a) Suppose the firm has no debt and pays out its net income as a dividend each year. What is the value of the firm's equity
Here's link[tex]^{}[/tex] to the answer:
bit.[tex]^{}[/tex]ly/3gVQKw3
Which of the following statements best represents a benefit of group decision-
making?
a) Fewer ideas and perspectives are considered.
b) People are more likely to support a final decision.
c)
People feel less involved.
d) The process takes more time.
Please help☺️(no links plz)
Answer:
B
Explanation:
a lot of your work seems easy, what grade are you in??
The statements best represents a benefit of group decision-making is People are more likely to support a final decision. Option (b) is correct.
What do you mean by Decision?Making a decision involves choosing between two or more potential options depending on certain criteria.
Synergy and knowledge sharing are group decision-two making's main advantages. Utilizing multiple minds to generate a wide range of ideas that result in a high-quality solution is known as synergy. Information exchange aids in decision-making for the business.
Being able to reach an equitable conclusion as quickly as feasible is crucial for the group's performance because a group's performance entails taking into account each member's requirements and perspectives.
Therefore, Option (b) is correct. The statements best represents a benefit of group decision-making is People are more likely to support a final decision.
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How can you establish rapport during your first meeting with guest ?