Answer:
1. $70
2. $106.42
Explanation:
(1) Variable manufacturing cost per unit:
= Direct labor + Direct material + Variable overhead
= $10 + $34 + $26
= $70
(2) Full cost per unit:
= Direct labor + Direct material + Variable overhead + Variable selling cost + (Fixed ÷ 1,200)
= $10 + $34 + $26 + $5 + [(19,500 + 18,200) ÷ 1,200)]
= $75 + $31.42
= $106.42
Answer:
$119,220.57
Explanation:
in order to calculate the present value of your lottery winnings, we can use the present value annuity factor:
present value = monthly payment x annuity factor (PV annuity factor, ¹⁰/₁₂%, 600 periods)
- monthly payment = $1,000
- annuity factor = 119.22057
present value = $1,000 x 119.22057 = $119,220.57
Answer:
$9585.09
$71,434.61
$484.702.84
$893,722.24
Explanation:
The formula used in calculating future value is given as :
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
1. $ 2,550 (1 + 0.18)^8 = $9585.09
2. 9,653 (1 + 0.1)^21 = $71,434.61
3. 101,305 (1 + 0.11)^ 15 = $484.702.84
4. 239,382(1 + 0.05)^27 = $893,722.24
I hope my answer helps you