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1 year ago

The Heidelberg Company began the period with a balance of $13,000 in its Work in Process (WIP) account. During the period the

Business

1 answer:

mixas84 [53]1 year ago

6 0

The cost of goods manufactured is $34,000

What is cost of goods manufactured?

The cost of goods manufactured is the cost of the units of finished goods manufactured during the period under review.

The cost of goods manufactured is determined as opening work-in-process plus labor direct costs, direct materials cost, applied manufacturing overhead and thereafter we deduct the ending work in process, note that the estimated overhead is applicable since the materials are computed using the purchase cost

cost of goods manufactured=$13,000+$16,000+$10,000+$17,000-$22,000

cost of goods manufactured=$34,000

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Your firm enters into a swap agreement with a notional principal of $40 million wherein the firm pays a fixed rate of interest o

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2 years ago

How many hours a week should a student plan to study per credit in a 15-week course?.

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According to credit in a 15-per week course, one must study 2-3 hours a week with a plan. Because 1 credit is equal to ten hours of study, so 3 credits equal to 30 hours per week.

<h3>What are the benefits of studying daily?</h3>

Good studies give a potential to study, and it builds confidence to students to perform better in the academic.

Studying regularly helps to keep the mind sharp and upgrade the ability of the person to gain more knowledge from other students.

Thus, According to credit in a 15-per week course, one must study 2-3 hours a week with a plan.

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2 years ago

Flapjack Corporation had 7,953 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budg

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Answer:

The correct answer is:

$6,998.64 favorable (b)

Explanation:

The direct labor rate/price variance is the difference between the standard cost of production and the actual cost incurred in the production process. If the actual rate of labor is less than the standard labor rate, it is said to be favorable, because lesser time is used in the production process than estimated. The reverse is the case for unfavorable direct labor rate variance.

The formula is given as:

Direct Labor Rate Variance = (SR - AR) × AH

Where

SR = standard rate = $12.88 per hour

AR = actual rate = $12.00 per hour

AH = actual direct labor hours = 7,953 hours

∴ Direct labor rate variance = (12.88 - 12.00) × 7,953 = $6,998.64 favorable

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3 years ago

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? Se

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Answer:

A. A higher percentage of the high operating leverage firm's costs are fixed.

Explanation:

Let's first focus on what is operating leverage:

It represents the degree on which an increase in sales revenue, will also increase the operating income of the company

So Being Contribution Margin the amount generate for sales, dividing that for the profit, we got the relationship between sales and income.

$\frac{ContributionMargin}{Profit} = $Operating Leverage\\$

We can expand those like this

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Where Q is the uantity of units sold

and CM is the contribution margin per unit.

Resuming: relationship between sales and operating income

That definition cuts "C" and "D" because they talk about debt, this measurement doesn't involve debt.

Now let's check "A"

It state that higher fixed cost amkes the leverage go higher, let's see if that is true:

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Fixed Cost is subtracting in the divisor, so higher fixed cost makes the divisor lower.

When this happens, the result of the division is higher.

$\lim_{n \to 0} \frac{a}{n}= \infty$

So this example is true

<u>As an example:</u>

If you have 100 CM and 80 Fixed cost then

$\frac{100}{100-80}= 100/20 = 5\\$

IF you have 100 CM and 50 Fixed cost then

$\frac{100}{100-50}= 100/50 = 2\\$

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4 years ago

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