Answer:
a. The total manufacturing cost assigned to Job 313 is $49,600
b. The unit product cost for Job 313 is $32
Explanation:
a. The computation of the total manufacturing cost is shown below:
= Direct materials cost + direct labor cost + overhead cost
= $27,656 + $10,400 + 111% of direct labor cost
= $27,656 + $10,400 + $11,544
= $49,600
b. The formula to be used for calculating the unit product cost which is shown below
= Total manufacturing cost ÷ number of units produced
= $49,600 ÷ 1,550 units
= $32
Answer:
Zero
Explanation:
Supply is buyers ability & willingness to sell at given price, period of time.
Elasticity of Supply is change in supply by buyers, in response to price change.
Supply Elasticity is as undermentioned in following cases :-
- Zero (Perfectly Inelastic) - Quantity supplied doesn't change with price change.
- Inelastic - Quantity supplied change < price change.
- Elastic - Quantity supplied change > price change
- Infinite (Perfectly Elastic) - Quantity supplied responds infinitely high to price change, prices stay constant.
Given : Fishermen must sell all his daily catch before it spoils; means he will have to sell daily produce <u>irrespective</u> of any price change (rise / fall). So, the elasticity of supply is zero.
B. A service to automatically transfer funds from a linked account to cover purchases, prevent returned checks and declines items when you don't have enough money in your checking account at the time of the transaction.
Answer:
$26,730
Explanation:
The explanation for this question is given in the attachment below.
Answer:
The value of the settlement is $ 62,604.06
Explanation:
The value of the settlement is the present values of all cash flows less lawyer's fees of $10000
In discounting the cash flows, I used the Present Value formula,which is:
PV=FV/(1+r)^n
FV =future value,amount receivable at each point time
r=rate of return=6%
n is the applicable number of years to each future value amount, for instance the $30000 last payment is receivable in the eleventh year,hence n is 11 years
The settlement value is the figure in the excel spreadsheet attached.
