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2 years ago

A(n)___standard is the quantity of material required if the process is 100fficient without any loss or waste.

1 answer:

4 0

A <u>practical</u> standard is the quantity of material required if the process is 100fficient without any loss or waste.

Sensible requirements are the requirements that are set for everyday working conditions. They account for reasonable and unavoidable wastages which are part and parcel of the normal manufacturing manner. Practical standards remember the effect that factors along with machine preservation and maintenance time, everyday employee breaks, etc.

Perfect requirements aren't practical standards, apart from in the very quick run, and are consequently of little use for control wherein their use will be very demotivating for employees. Achievable standards constitute what will be done with a reasonable degree of effort below ordinary working situations.

Ideal preferred costs, those preferred expenses constitute the best overall performance. They assume 100% efficiency, that there are no losses or idle time. They constitute the minimal charges that are feasible below the maximum efficient running situations.

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Maplewood Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Maplewood has recei

Anika [276]

Answer:

$8.1

Explanation:

Variable cost to be incurred for the offer = ($420,000/70,000) * 3,000

Variable cost to be incurred for the offer = $6 * 3,000

Variable cost to be incurred for the offer = $18,000

Additional Fixed cost = $6,300

Total Cost incurred for the offer = Variable cost to be incurred for the offer + Additional Fixed cost

Total Cost incurred for the offer = $18,000 + $6,300

Total Cost incurred for the offer = $24,300

Unit Sales Price (Break even) = Total Cost incurred for the offer / 3,000 units

Unit Sales Price (Break even) = $24,300 / 3,000 units

Unit Sales Price (Break even) = $8.1

8 0

3 years ago

If the current price of a market basket of goods is $850, the current year GDP deflator is 170, and the base year price index is

Yuki888 [10]

Answer:

$500

Explanation:

DATA

The current price of the market basket of goods = $850

Current year GDP deflator = 170

In order to find the GDP in real terms, we should amend the GDP deflates formula

<u>Formula</u>: GDP deflator = $\frac{NominalGDP}{RealGDP}$ x 100

Lets put the values and amend the formula in order to find real GDP

170 = $\frac{850}{RealGDP}$ x 100

Real GDP = $500

3 0

3 years ago

Skysong, Inc. began the year with 9 units of marine floats at a cost of $12 each. During the year, it made the following purchas

Alisiya [41]

Answer:

Skysong, Inc.

a. The cost of goods sold under FIFO

= $816

b. The cost of goods sold under LIFO

= $1,068

c. Average unit cost

= $18.90

d. The cost of goods sold under average-cost

= $945

Explanation:

a) Data and Calculations:

Date Transaction Units Unit Cost Total

Jan. 1 Beginning inventory 9 $12 $108

May 5, Purchases 28 $16 448

July 16 Purchases 19 $20 380

Dec. 7, Purchases 24 $24 576

Dec. 31 Total 80 $1,512

Dec. 31 Ending inventory 30

Dec. 31 Sales 50

a. The cost of goods sold under FIFO:

Jan. 1 Beginning inventory 9 $12 $108

May 5, Purchases 28 $16 448

July 16 Purchases 13 $20 260

Cost of goods sold $816

b. The cost of goods sold under LIFO:

May 5, Purchases 7 $16 112

July 16 Purchases 19 $20 380

Dec. 7, Purchases 24 $24 576

Cost of goods sold $1,068

c. Average unit cost:

= Total cost/Total units

= $18.9 ($1,512/80)

d. The cost of goods sold under average-cost:

= $945 (50 * $18.90)

8 0

3 years ago

Quantity Demanded Price ($)

Aleksandr-060686 [28]

The wine bottle is $200 so the demanded price would be 210! Hope this helps.

5 0

3 years ago

You own a business which generates $200,000 in profit per year. Someone has offered to buy it from you. Based on a 5 year projec

vovangra [49]

Answer:

option (b) $777,930.25

Explanation:

Data provided in the question:

Profit per year = $200,000

Time = 5 years

Return, r = 9% = 0.09

Now,

Worth of business = ∑ (Cash flow × Present value factor)

also,

Present value factor = (1 + r )⁻ⁿ

here,

n is the year of cash flow

Thus,

Year Cash Flows Present value factor Present value of cash flow

0 0 1 0

1 200000 0.917 $183,486.24

2 200000 0.842 $168,336

3 200000 0.772 $154,436.70

4 200000 0.708 $141,685.04

5 200000 0.65 $129,986.28

Hence,

The business worth today is

= $183,486.24 + $168,336 + $154,436.70 + $141,685.04 + $129,986.28

= $777,930.25

Hence,

The answer is option (b) $777,930.25

5 0

3 years ago