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3 years ago

I want it in fraction form

Mathematics

1 answer:

miskamm [114]3 years ago

5 0

Umm what DO u want in fraction form?

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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 10,500 units fol

Feliz [49]

Answer:

$\large \boxed{1.\, \$239.81; 2.\, 12.5 \, \% ; 3. \$\,270}$

Step-by-step explanation:

Assume the costs are as in this table

$\begin{array}{rrrr}\textbf{Variable costs} & \textbf{per Unit} & \textbf{Fixed} & \textbf{Costs}\\\text{Direct materials} & \$ \, 101 & \text{Overhead} & \$\, 471000\\\text{Direct labour} & 26 & \text{Selling} & 104000\\\text{Overhead} & 21 & \text{Administrative} & 326000\\\text{Selling} & 6 & &\\\end{array}$

1. Total cost per unit

(a) Total cost

$\begin{array}{lrcr}\textbf{Item} & & & \textbf{Subtotal}\\\text{Direct materials} & 10500 \times 101 & = & \$ \, 1060500\\\text{Direct labour} & 10500 \times 26 & = &273000\\\text{Unit overhead} & 10500 \times 21 & = & 220500\\\text{Unit selling}& 10500 \times 6 & = & 63000\\\text{Fixed overhead} & & = & 471000\\\text{Fixed selling} & & = & 106000\\\text{Administrative} & & = &324000\\\text{TOTAL} & &= &\mathbf{\$ \, 2518000}\\\end{array}$

(b) Cost per unit

$\text{Total cost per unit} = \dfrac{\text{Total cost}}{\text{No. of units}} = \dfrac{\text{$\$ $2 518 000}}{\text{10 500}}= \textbf{\$239.81}$

2. Markup percentage

$\text{Total sales = total costs + profit} = $2 518 000 + $315 000 =\, \$2 833 000\\\\\text{Unit selling price} = \times \dfrac{\text{Total sales}}{\text{No. of units}} = \dfrac{\text{\$ 2833000}}{\text{10 500}}= \$269.81\\\\\text{Markup percentage} = \dfrac{\text{Selling price - Unit cost}}{\text{Unit cost}} \times 100 \, \%\\\\\\= \dfrac{\text{269.81 - 239.81}}{\text{239.81}}\times 100 \,\% = \mathbf{12.5 \, \%}\\\\\text{The markup percentage is $\large \boxed{\mathbf{12.5 \, \% }}$}$

3. Sales price by total cost method

Assume the markup percentage is 12.5 %.

Sales price = cost + markup percentage × cost

Sales price = $240 + ( 0.125× $240) = $240+ $30 = $270

3 0

3 years ago

Challenge A large university accepts 40% of the students who apply. Of the students the

Orlov [11]

Answer:

4,800 student's actually enroll.

Step-by-step explanation:

40% of 30,000 is 12,000.

40% of 12,000 is 4,800.

5 0

2 years ago

How do you convert 8.41 g/ml to kg/l ?

Agata [3.3K]

we are asked to convert g/mL to kg/L

1 kg is equivalent to 1000 g

then converting g to kg we have to multiply by 0.001 kg/g

1 L is equivalent to 1000 mL

converting mL to L we have to multiply mL by 0.001 L/ml

we can convert 8.41 g/mL as follows

$\frac{8.41g *0.001 kg/g}{1 mL*0.001 L/mL}$ = 8.41 kg/L

answer is 8.41 kg/L

6 0

3 years ago

Read 2 more answers

Find the equation of the linear function x 0 1 2 3 4 y -4 -2 0 2 4

Dafna1 [17]

Answer:

its counting down

Step-by-step explanation:

because it was in the positives and went down to the negatives

6 0

3 years ago

Question is in the picture. someone please help!!

Evgen [1.6K]

Answer:

Step-by-step explanation:

add 4 eight more times

8 0

3 years ago