Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 6,400 Variable costs per unit: Direct materials $ 60 Direct labor $ 54 Variable manufacturing overhead $ 4 Variable selling and administrative expense $ 17 Fixed costs: Fixed manufacturing overhead $ 236,800 Fixed selling and administrative expense $ 492,800 There were no beginning or ending inventories. The absorption costing unit product cost was:

Answers

Answer 1
Answer:

Answer:

$155 per unit

Explanation:

Calculation for what The absorption costing unit product cost was:

Using this formula

Absorption costing unit product cost = Direct material + Direct labour + Variable manufacturing overheads + (Fixed manufacturing overheads / Number of units produced)

Let plug in the formula

Absorption costing unit product cost = $60+ $54+ $4 + ( $ 236,800/6,400 )

Absorption costing unit product cost =$60+ $54+ $4 + $37

Absorption costing unit product cost = $155 per unit

Therefore The absorption costing unit product cost was:$155 per unit


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When a manager treats employees as lazy, unmotivated, and in need of tight supervision, the employees eventually meet the manager's expectations by acting that way. According to Douglas McGregor, this is known as a(n)___________.
A company manufactures hair dryers. It buys some of the components, but it makes the heating element, which it can produce at the rate of 860 per day. Hair dryers are assembled daily, 251 days a year, at a rate of 330 per day. Because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. Approximately how many batches of heating elements are produced annually? (Round your answer to 2 decimal places.) Number of batches b. If production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 2 days later? Number of inventory c.What is the average inventory of elements, assuming each production cycle begins when there are none on hand? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Average inventory d. The same equipment that is used to make the heating elements could also be used to make a component for another of the firm’s products. That job would require 3 days, including setup. Setup time for making a batch of the heating elements is a half day. Is there enough time to do this job between production of batches of heating elements? i. No ii. Yes
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In 2019, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. What is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Leave no answer blank. Enter zero if applicable.)a. She received $7,000 from a part-time job. This was her only source of income. She is 16 years old at year-end.b. She received $7,000 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end.c. She received $7,000 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student. (Do not round intermediate calculations.)d. She received $7,000 of qualified dividend income. This is her only source of income. She is 16 years old at year-end

Andrews has a new design for their product Axe next round that can reduce their material cost of producing units from $8.13 to $7.33. Andrew passes on one quarter of all cost savings by cutting the current price to customers. For simplicity: Current selling price = $19.00; Use current labor costs of $4.02; Use period costs of $7,260 (from Income Statement). Required:
Determine the new selling price to break even next round.

Answers

Answer:

$18.80

Explanation:

New selling price = Old selling price - Adjustments

Old selling price = $19.00, Adjustments = 1 quarter of reduced raw material costs difference

New selling price = $19.00 - ($8.13 - $7.33)/4

New selling price = $19.00 - $0.20

New selling price = $18.80

So, the new selling price to break even next round is $18.80.

The current exchange rate of dollars to euros is $18/€11.The risk free rate for dollars is r = 3%. The risk free rate for euros is re = 4%. The dollar denominated price of an option to purchase €22 for $32 in six months is $5.09. Determine the euro denominated price of a put option to sell $22 in six months using the given strike. (Hint: the strike comes from the statement €22 for $32.)

Answers

Answer:

wow simple

Explanation:

so simple

just a little tricky

Apply What You’ve Learned - Managing Credit Cards and ConsumerLoansScenario: You are 30 years old, married, have two children, and household income (take-home pay) of$3,500 per month. Your credit and consumer debt is as follows:_______.
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• Department store card, 28% interest rate, $600 balance, minimum payment 5% of balance
• Discover Card, 12% interest rate, $2,000 balance, minimum payment 2% of balance
• VISA Card, 13% interest rate, $3,000 balance, minimum payment 2% of balance
• MasterCard 1, 14% interest rate, $4,000 balance, minimum payment 2% of balance
• MasterCard 2, 14% interest rate, $0 balance, minimum payment 2% of balance
• Gasoline card, 21% interest rate, $300 balance, minimum payment 5% of balance
Assume all credit cards will assess a $35 late fee and ongoing penalty interest of 8% above the currentrate if you miss a payment. Your recent VISA card statement came with a blank cash advance check(for up to $10,000) with terms of 23.99% APR and a fee of 3% if you use it. Your recent MasterCard 2statement came with a balance transfer oFer (up to $4,000) with no fee and 0% APR for 12 months,after which the normal interest rate applies. You recently found an incorrect amount charged on yourVISA card from a store you frequent often. You’d like to come up with a plan to eliminate all of yourcredit card debt.
In general, is it a good idea to make only minimum payments on your credit cards?
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No, it will cause your interest rate to go up.
No, the small payment requirement is mathematically guaranteed to keep you in debt for manyyears.
Yes, this allows you more ±exibility in your cash budget.
Assuming you have $1,500 in your budget this month with which to pay down your credit cards, howmuch should you pay on each card?
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store card
Discover Card12%2,0008%
VISA Card13%3,00010%
MasterCard 114%4,0008%
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Total$9,900$1,500

Answers

Answer:

1) In general, is it a good idea to make only minimum payments on your credit cards?

  • No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.

All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.

2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

The remaining $500 would be used to pay MasterCard 1 card and lower its balance.

Final answer:

It's not best practice to only make minimum payments on credit cards, as it results in long-term debt due to the compounding of interest. Prioritize your $1,500 payment towards cards with higher interest rates first and consider using the balance transfer offer on MasterCard 2 judiciously.

Explanation:

This question pertains to managing credit cards and consumer loans. In this specific scenario, it's generally not a good idea to only make minimum payments on credit cards. Only making minimum payments could keep you in debt for many years due to the compounding effect of interest.

To prioritize debt repayment with an available budget of $1,500 to pay down on credit cards this month, you should start by paying off the credit card with the highest interest rate first. This strategy is known as the avalanche method. So, you would begin with the Department store card (28% interest rate) and gasoline card (21% interest rate), and then move on to MasterCard 1 (14% interest rate), VISA card (13% interest rate), and Discover Card (12% interest rate).

The balance transfer offer from MasterCard 2 could be beneficial. As it offers a 0% APR for 12 months, you could transfer some of the balance from the cards with high interest rates to MasterCard 2. However, this should only be done if you are confident that you can pay off the transferred balance within the promotional period of 12 months, as otherwise, interest would revert to the regular rate.

Learn more about Debt Repayment Strategy here:

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Assume a closed economy. In the long run, an increase in the saving rate Group of answer choices doesn’t change the level of productivity or income. raises the levels of both productivity and income. raises the level of productivity but not the level of income. raises the level of income but not the level of productivity.

Answers

Answer: Raises the levels of both productivity and income

Explanation:

In a closed Economy, there is no trade with the outside world.

That would mean that the GDP formula for their expenditure model will look like this,

Y = C + I + G

Where Y is (GDP)

C is consumption

I is investment and,

G is Government Spending

Investment is also known as Savings because it is the amount of Total income that is not spent after individuals CONSUME and the Government SPENDS,

I = Y - G - C.

When an economy SAVES MORE they are sacrificing consumption now for future consumption and saving more.

This means that there is more money to invest in Economic activities.

Since there is a higher Investment in Economic activities, we can expect higher CAPITAL STOCK which can drive Economic growth as it leads to greater productivity as well as greater income because the Economy is growing.

The Harrod-Domar model of economic growth speaks more on this.

3. If you are the victim of fraud in Oklahoma, the best place to start is bya. calling the Governor’s office for help.

b. hiding what happened so no one will find out.

c. calling your friends to tell them what happened.

d. calling the State Attorney General’s office for advice.

Please answer right away

Answers

The correct answer is D mark branilest plz

The research and development division of Anchor Inc., a manufacturing firm, has a sizeable number of engineers for its employees. The buying decisions related to the equipment to be used in the research and development of new technologies is primarily made by the engineers. Based on these traits, which of the following organization-specific factors is most relevant in the division's purchasing process? a. Monopolization
b. Segmentation
c. Orientation
d. Centralization

Answers

Answer:

The correct answer is letter "C": Orientation.

Explanation:

The primary organization-specific factors are orientation, size of the organization, and degree of centralization. Orientation refers to the function of a company that controls the decisions in regards to purchases. The size of the organization implies decision making will be more centralized in larger firms while more decentralized in smaller firms. Finally, the degree of centralization states that even in highly autonomous corporations, some purchases might be subject to the approval of a manager who confirms the need for the assets being acquired.

Because in Anchor Inc. the purchase decisions are made by engineers the orientation organization-specific factor is more relevant in that company.

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