Answer:
The correct answer is B.
Explanation:
Giving the following information:
Cost of Direct Materials used in production: $50,000
Cost of Direct Labor wages: $37,500
Variable Manufacturing Overhead: $25,000
Fixed Manufacturing Overhead: $125,000
Total units produced: 10,000
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the total cost:
Total cost= 50,000 + 37,500 + 25,000 + 125,000
Total cost= $237,500
Now, the unitary cost:
Unitary cost= 237,500/10,000= $23.75
Answer:
the correct answer is either a rise in output or a fall in velocity.
good luck
Direct Materials 10 pounds $ 1.90 per pound $ 19.00
Direct Labor 0.30 hour $ 6.80 per hour 2.04
$ 21.04
During November, TaskMaster purchased 200,000 pounds of direct materials at a total cost of $440,000. The total factory wages for November were $48,000, 80% of which were for direct labor. TaskMaster manufactured 19,000 units of product during November using 175,000 pounds of direct materials and 6,000 direct labor hours.
What is the direct labor price (rate) variance for November?
Answer:
$2,400 Favourable
Explanation:
direct labor price (rate) variance =(Aq×Ap)-(Aq×Sp)
=(6,000×$6.40) - (6,000×$ 6.80)
= $2,400 Favourable
Ap = (48,000×80%)/6,000
= $6.40
Answer:
$2,400 Favourable
Explanation:
direct labor price (rate) variance =(Aq×Ap)-(Aq×Sp)
=(6,000×$6.40) - (6,000×$ 6.80)
= $2,400 Favourable
Ap = (48,000×80%)/6,000
= $6.40
Explanation:
Answer:
Weighted average contribution margin= $44.29
Explanation:
Giving the following information:
Sales proportion:
Product A= 5/7= 0.714
Product Z= 2/7= 0.286
Product A sells for $75; Z sells for $95.
Variable costs for product A are $35; for Z $40.
To determine the contribution margin per composite unit, we need to use the following formula:
Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)
Weighted average contribution margin= (0.714*75 + 0.286*95) - (0.714*35 + 0.286*40)
Weighted average contribution margin= 80.72 - 36.43
Weighted average contribution margin= $44.29
Hedges of foreign currency firm commitments are speculative in nature.
Hedges of foreign currency firm commitments are used for future sales or purchases.
Hedges of foreign currency firm commitments are used for future purchases only.
Hedges of foreign currency firm commitments are used for future sales only.
Hedges of foreign currency firm commitments are used for future sales or purchases.
Hedge accounting is a form of accounting in which inputs to change a security's fair value and its opposing hedge are regarded as one. Hedge accounting seeks to mitigate the volatility caused by the frequent adjustment to the value of a financial instrument, also known as fair value accounting or mark-to-market. This volatility is decreased by merging the instrument and the hedge into a single entry, which offsets the movements of the opposite. Hedge accounting adjusts the fair value of a securities and its opposing hedge with a single entry.
To know more about hedge accounting visit the link
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Beginning Inventory January 1 220 80 $17,600
Purchase January 15 310 90 27,900
purchase January 24 270 110 29,700
Calculate the number and cost of goods available for sale.
Answer:
Number = 1,490
Cost of goods available for sale = $75,200
Explanation:
Computing the number as:
Number = (Beginning inventory + Purchases + Purchases) - Sales
Number = (1,220 + 310 + 270) - 310
Number = 1,800 - 310
Number = 1,490
Computing the cost of goods available for sale as:
Cost of goods available for sale = Total cost of beginning inventory + Total Cost of purchase + Total Cost of purchase
Cost of goods available for sale = $17,600 + $27,900 + $29,700
Cost of goods available for sale = $75,200
(B) U(c,f)=min{2c,f}
(C) U(c,f)=min{2c,3f}
(D) U(c,f)=min{3c,sf}
(D) U(c,f)=2c+3f
Answer:
(B) U(c,f)=min{2c,f}
Explanation:
This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.
A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.
In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.
Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.
I wish you the best.