<span>B is the correct answer. When you spend money on a credit card you are creating a debt because you are spending money you don't actually have at that point in time.</span>
Answer:
B. $130,000
Explanation:
We know,
Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead + Beginning work-in-process - Ending work-in-process
Given,
Direct materials = $60,000
Direct labor = $39,000
Manufacturing overhead = $43,000 (As the manufacturing overhead cost applied to work-in-process, so we will take $43,000 instead of $40,000).
Beginning work-in-process = $10,000
Ending work-in-process = $22,000
Putting the information into the above formula, we can get,
Cost of goods manufactured = $60,000 + $39,000 + $43,000 + $10,000 - $22,000
Cost of goods manufactured = $130,000
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Answer:
d) $13
Explanation:
contribution margin per unit:
- product B = $45
- product C = $39
- product D = $25
contribution margin per machine hour:
- product B = $45 / 2.5 = $18
- product C = $39 / 3 = <u>$13</u>
- product D = $25 / 1.25 = $20
the company should first produce 800 units of product D and use 1,000 machine hours. Then it should produce 680 units of product B using 1,700 machine hours. In order to produce the remaining 20 units of product B and the 600 units of product C, the company must rent machine hours and the maximum possible price per hour is $13 (contribution margin per machine hour product C).
Answer:
13.44%
Explanation:
Debt to total assets = Total Debt / Total Assets
45% = Total debt / $230,000
Total Debt = $230,000 x 45% = $103,500
As we know
Assets = debt + Equity
$230,000 = $103,500 + Equity
Equity = $230,000 - $103,500 = $126,500
Return on Equity is the measure of financial performance which can be calculated by dividing net income for the year by total shareholder's equity.
Return on equity = Net income for the year / Shareholders equity
ROE = $17,000 / $126,500 = 0.1344 = 13.44%
