BUSINESS COLLEGE

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products ABCD Direct materials$13.20$9.10$9.90$9.50 Direct labor 18.30 26.30 32.50 39.30 Variable manufacturing overhead 3.20 1.60 1.50 2.10 Fixed manufacturing overhead 25.40 33.70 25.50 36.10 Unit product cost$60.10$70.70$69.40$87.00 Additional data concerning these products are listed below. Products ABCD Grinding minutes per unit 2.70 3.40 3.20 2.30 Selling price per unit$75.00$92.40$86.30$103.10 Variable selling cost per unit$1.10$0.10$2.20$0.50 Monthly demand in units 2,900 2,900 1,900 2,100 The grinding machines are potentially the constraint in the production facility. A total of 52,600 minutes are available per month on these machines. Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products

Answers

Answer 1

Answer:

A. Total grinding minutes required = 28,600 minutes

Of the 4, product D offers the highest profitability per grinding minute.

A. $40,020 divided by 7,830 minutes = $5.11 per grinding minute

B. $62,640 divided by 9,860 minutes = $6.35 per grinding minute

C. $27,930 divided by 6,080 minutes = $4.60 per grinding minute

D. $32,760 divided by 4,830/minutes = $6.70 per grinding minute

Explanation:

Bruce corporation

Step 1 identify Grinding minutes per unit of product

A = 2.70

B = 3.40

C = 3.20

D = 2.30

Step 2. Identify Production units through monthly demand units

A = 2,900

B = 2,900

C = 1,900

D = 2,100

Step 3. Determine total grinding units required to fulfill demand.

A = 2,900 x 2.70 = 7,830

B = 2,900 x 3.40 = 9,860

C = 1,900 x 3.20 = 6,080

D = 2,100 x 2.30 = 4,830

Total grinding minutes required = 28,600

Product profitability

Step 1. Determine product cost

Differentiate the product Costs and variable selling costs per unit from the unit selling prices.

A = 75.00 - 60.10 - 1.1 = 13.80

B = 92.40 - 70.70 - 0.1 = 21.60

C = 86.30 - 69.40 - 2.20 = 14.70

D = 103.10 - 87.00 - 0.50 = 15.60

Step 2. Multiply the profitability per unit with volume demanded to determine absolute value of profits made

A = 2,900 x 13.80 = $40,020

B = 2,900 x 21.60 = $62,640

C = 1,900 x 14.70 = $27,930

D = 2,100 x 15.60 = $32,760

Total profit = $163,350.

Step 3./determine the profit per grinding minute. To evaluate which product makes best use of the grinding machine

A. $40,020 divided by 7,830 minutes = $5.11 per grinding minute

B. $62,640 divided by 9,860 minutes = $6/35 per grinding minute

C. $27,930 divided by 6,080 minutes = $4.60 per grinding minute

D. $32,760 divided by 4,830/minutes = $6.7 per grinding minute

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Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price $123Units in beginning inventory 0Units produced 6,400Units sold 6,100Units in ending inventory 300Variable costs per unit: Direct materials $45 Direct labor $30 Variable manufacturing overhead $1 Variable selling and administrative $8Fixed costs: Fixed manufacturing overhead $140,800Fixed selling and administrative $91,500What is the net operating income for the month under variable costing?a) $12,200b) ($17,200)c) $5,600d) $6,600

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price= $123

Units sold= 6,100

Variable costs per unit:

Direct materials $45

Direct labor $30

Variable manufacturing overhead $1

Variable selling and administrative $8

Fixed costs:

Fixed manufacturing overhead $140,800

Fixed selling and administrative $91,500

First, we need to calculate the total variable cost per unit:

Variable cost per unit= 45 + 30 + 1 + 8= $84

Income statement:

Sales= 6,100*123= 750,300

Total variable cost= 6,100*84= (512,400)

Contribution margin= 237,900

Fixed manufacturing overhead= (140,800)

Fixed selling and administrative= (91,500)

Net operating income= 5,600

Which phrase would be most characteristic of pure monoply

Answers

the price at which that unit is sold less the price reductions that apply to all other units of output.

Describe some strategic differences between these firms. What type of trade-off decisions have these firms made

Answers

Please find full question attached

Answer and Explanation:

I will use Apple and HP in this comparison.Here I would compare Apple's laptop to that of Hewlet Packard as this is where they meet in the industry. Apple employs a strategy of differentiation and standing out in competition through their products. They aim to create products that are quite different and unique/innovative from other products in the market, and yet what the customer wants. In doing this, Apple has a trade-off for cost as they charge alot higher for their products than their competitors. HP on the other hand focus on making the best possible products that get the job done/meet the needs of customers while also being affordable. HP is more focused on affordable devices for their market and therefore have a different market segment for laptops from that of Apple. There is a trade-off for cost and market segment in this comparison

The Bureau of Labor Statistics announced that in January 2013, of all adult Americans, 143,322,000 were employed, 12,332,000 were unemployed, and 89,008,000 were not in the labor force. Use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate

Answers

Answer:

a. 244,662,000

b. 155,654,000

c. 63.62%

d. 7.92%

Explanation:

a. the adult population

Adult population = Number of employed + Number of unemployed + Number of people not included in labor force

= 143,322,000 + 12,332,000 + 89,008,000

= 244,662,000

b. the labor force

Labor force = Number of employed + Number of unemployed

= 143,322,000 + 12,332,000

= 155,654,000

c. the labor-force participation rate

Labor-force participation rate = Labor force ÷ Adult population × 100

= 155,654,000 ÷ 244,662,000 × 100

= 63.62%

d. the unemployment rate

Unemployment rate = Number of unemployed ÷ Labor force × 100

= 12,332,000 ÷ 155,654,000 × 100

= 7.92%

The Bureau of Labour Statistics announced is:

A. The adult population is 244,662,000
B. the labour force is155,654,000
C. the labor-force participation rate is 63.62%
D. the unemployment rate is 7.92%

A. The adult population = Employed + Unemployed + Not in the labour force

The adult population = 143,322,000 + 12,332,000 + 89,008,000

The adult population = 244,662,000

B. The labour force = Employed + Unemployed

The labour force = 143,322,000 + 12,332,000

The labour force = 155,654,000

C. The labor-force participation rate = (Labour force / Adult population) × 100

The labor-force participation rate = 155,654,000 ÷ 244,662,000 × 100

The labor-force participation rate = 63.62%

D. The unemployment rate = Number of unemployed ÷ Labour force × 100

The unemployment rate = 12,332,000 ÷ 155,654,000 × 100

The unemployment rate = 7.92%

Therefore, a. 244,662,000, b. 155,654,000, c. 63.62%, d. 7.92%

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If you were looking for an advertising medium that worked for segmented audiences, had prestige, had a long shelf life, and money was of no object, which of the following would you select?a. interactive adsb. magazinesc. direct maild. televisione. radio

Answers

Answer:

The correct answer is the option B: magazines.

Explanation:

To begin with, in the case where the manager is looking for an advertising that has the characteristics of being medium and that worked for segmented audiences, with prestige and long shelf life then the correct option will be to choose a magazine that properly accomplish with the particularities of the case. The magazine will be targeted to one audience to the fact that it can not include all the topics that are in trend nowadays. Moreover, the magazine will also be of prestige in the case where it has several years in the industry and its name means something in the market. Therefore that a magazine will accomplish with all the characteristics that the advertiser is looking for.

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Answers

Individual Web pages or clusters of pages that function as supplements to a primary site are microsites.

What is a microsite?

Microsites are brand-specific websites (or a single web page) that businesses use to advertise their particular goods, occasions, or campaigns. These have a different URL than their corporate websites and are hosted on their own domain or a subdomain of the company.
A microsite is a branded content website, sometimes known as a "content centre," that is independent of your brand's URL and/or company website.
Microsites can be subdomains of your main website or even a subdirectory within it; they are not required to have entirely unique URLs.

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