Answer:
Current share price =$77.81
Explanation:
Price of the stock today = 
.
where P4 = 
where D5 = D4(1+g)
Price of the stock today = 
= $77.81
Answer:
C. the actual cost of materials was less than the standard cost.
Explanation:
As it can be seen from the given information that
The Favorable material purchase price is $380
And, non-favorable material quantity variance is $120
So, the total favorable price variance is
= $380 - $120
= $260
This represents that the actual material cost would be lower than the standard cost
hence, the option C is correct
Answer:
the minimum total annual cost is $3,372.58
Explanation:
<em>Step 1 Calculate the the Optimum Batch Size for Production run</em>
OBS = √(2×Total demand×Set-up Costs)/Holding Cost per unit
= √(2×59×359×$266)/$1.01
= 3341
<em>Step 2 Calculate the minimum total annual cost</em>
Total costs = Set up costs + Carrying Costs
<em> </em>= (59×359)/3341 × $266 + 3341/2×$1.01
= $1,686.37 + $1,687.21
= $3,372.58
