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eduard
3 years ago
10

Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 55,870 Direct la

bor-hours 475 labor-hours Direct labor wage rate $ 11 per labor-hour Machine-hours 556 machine-hours Number of units completed 4,100 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job
Business
1 answer:
liq [111]3 years ago
8 0

Answer:

 $16.66

Explanation:

Data provided

Direct material = $55,870

Direct labor hour = 475

Wage rate = $11

Machine hour = $556

Number of units = 4,100

Overhead rate = $13

The preparation of job sheet is shown below:-

Direct Material                $55,870

Add: Direct Labor           $5,225

( 475 × $11)

Overhead                         $7,228

($556 × $13)

Total                                  $68,323                      

Number of units                4,100

Cost per unit                      $16.66

($68,323 ÷ 4,100)

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Answer: take into consideration all the members.

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Thus, attention to all members should be given while making any decision.

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3 years ago
Western Company is preparing a cash budget for June. The company has $10,100 cash at the beginning of June and anticipates $31,9
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Answer:

Borrow $6,300.

Explanation:

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8 0
3 years ago
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Under U.S. GAAP, if the carrying value of a fixed asset was $50,000, the undiscounted expected future cash flows was $55,000, th
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Answer:

$0

Explanation:

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3 years ago
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Suppose a bond with a 10% coupon rate and semiannual coupons, has a face value of $1,000, 20 years to maturity and is selling fo
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Answer:

The YTM is less than 10%

Explanation:

If a coupon rate of a bond is greater than its yield to maturity (YTM), the bond is said to trade at a premium. The Bond's current price would be greater than its Face value

If a coupon rate of a bond is less than its yield to maturity (YTM), the bond is said to trade at a discount. The bonds current price would be less than its face value

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($1,000) which means that the bond is trading at a premium. Therefore, we can conclude that the bond's YTM is less than its coupon payment. In this question the coupon rate is 10%, therefore the YTM should be less than 10%.

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3 years ago
A project requires an initial investment of $10 million today. If the cost of capital exceeds the project IRR, then the project
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Answer:

Negative NPV.

Explanation:

present value of cost exceeds present value of revenue that is been assumed in the investment plan of the said company/firm.

Net Present Value describes one of the discounted techniques of cash flow used in capital budget to determining the viability of a project or an investment. It is seen to have a huge difference between the present flow of the firms; which is cash inflows and the present value of cash outflows over a period of time. Experts has tagged its primary advantage to be that it is seen to considers the concept of the time value of money.

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