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3 years ago

7

Miller Light Beer, Maxwell House Coffee, Jell-O brand gelatin, Kraft mayonnaise, and Marlboro Cigarettes, were all at one time p

roducts of the Philip Morris Company. These products represented a part of the product line Philip Morris offered.
A. True
B. False

1 answer:

mihalych1998 [28]3 years ago

4 0

Answer:

False

Explanation:

the answer is false

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Using ABC to compute product costs per unit

Vladimir [108]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Activity Allocation Rate Mid–Fi Hi–Fi

Setup $1,700/per setup 39 setups 39 setups

Inspections $ 400/per hour 45 hours 15 hours

Machine maintenance $ 10/per machine 1,900 machine 1,200 machine

<u>First, we need to allocate indirect costs using the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u>Mid-Fi:</u>

Allocated MOH= 1,700*39 + 400*45 + 10*1,900= $103,300

<u>Hi-Fi:</u>

Allocated MOH= 1,700*39 + 400*15 + 10*1,200= $84,300

<u>Now, we can calculate the unitary cost.</u>

<u />

<u>Mid-Fi:</u>

Unitary indirect costs= 103,300/200= $516.5

Unitary cost= 400 + 400 + 516.5= $1,316.5

<u>Hi-Fi:</u>

Unitary indirect cost= 84,300/250= $337.2

Unitary cost= 1,300 + 300 + 337.2= $1,937.2

8 0

4 years ago

Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".

AleksandrR [38]

Answer:

let him put it where he won't see them until It is enough for buying his wants

4 0

3 years ago

Read 2 more answers

A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change

Ierofanga [76]

Answer:

b. −1.79 percent

Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

First, find Price of the bond if YTM = 5.5%. Since it is semi-annual, adjust the YTM and total duration;

N = 13*2 = 26

I/Y = 5.5%/2 = 2.75%

PMT = (6%/2)*1000 = 30

FV = 1,000

CPT PV = $1046.01

Next, find Price of the bond if YTM = 5.7%.

N = 13*2 = 26

I/Y = 5.7%/2 = 2.85%

PMT = (6%/2)*1000 = 30

FV = 1,000

CPT PV = $1027.28

Percentage change =[ (New price- Old price)/Old price] *100

$=\frac{1027.28-1046.01}{1046.01} *100\\ \\ = -0.017906 *100$

= -1.79%

6 0

3 years ago

Why is Netflix's stocks going down?

ahrayia [7]

Answer:

Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.

Explanation:

Hope this helpes.

6 0

2 years ago

Read 2 more answers

The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory,

Black_prince [1.1K]

Answer:

Cost of Goods Sold: $245,000

Explanation:

Cost of Goods Sold refers to the direct costs that are incurred when producing the goods sold by a particular company. It includes many costs such as beginning inventory, purchases, purchase returns, discounts on purchases, freight inwards and ending inventory. COGS is also referred to as cost of sales.

Freight inwards are any transportation costs that are incurred when bringing in purchases, hence this is added to purchases. Purchase returns are deducted since they are being returned and hence not a cost. Purchase discounts are also deducted. Ending inventory is the amount of inventory which is remaining and has not been used, thus, this too is deducted.

The calculation for COGS is provided below step-by-step:

1. Beginning inventory : $33200

2. Purchases : $252000

3. Purchase returns : ($11200)

4. Purchase discounts : ($7200)

5. Freight inwards : $19400

6. Ending inventory : ($41200)

Cost of Goods Sold = $245,000

3 0

3 years ago