Answer:
$0.15 hours per unit
Explanation:
Given that
Direct material cost = $16
Assume Direct labor cost = X
Manufacturing overheads = $18
Profit margin = 20%
Direct labor per hour cost = $28
The computation of direct labor-hour input is shown below:-
Total manufacturing cost = X + $34
Total cost of goods sold = (X + $34) × 1.7 = $66
Direct labor cost per unit
= (X + $34) = $38.82
= $38.82 - $34
= $4.32
Direct labor hours per unit = Direct labor cost per unit ÷ Direct labor per hour cost
= $4.32 ÷ $28
= $0.15 hours per unit
Answer:
Contribution per unit
= Selling price - Variable cost per unit
= $27 -$13
= $14
Contribution margin ratio
= Contribution per unit
selling price
= $14
$27
= 0.518518518
Break-even point in dollars
= $1,400
0.518518518
= $2,700
Explanation:
Break-even point in dollars equals fixed cost divided by contribution margin ratio. Contribution margin ratio is equal to contribution per unit divided by selling price. Contribution per unit is selling price minus variable cost per unit.
Answer:The answer is $17,387.67
Explanation:
Let Principal = P, Rate = R% per annum, Time = n years
Amount = P ( 1 + R/100)∧n
P = $800, R = 7.4%, n = 24
A = 800 ( 1 + 7.4/100)∧24
A = 800 ( 1 + 0.074)∧24
A = 800 ( 1 .074)∧24
A = 800 (5.547569512)
A = 800× 5.5475569512
A = $4,438.05
Deposit made at 39th birthday
P = $800, R = 7.4%, n = 39
A = 800 ( 1 + 7.4/100)∧39
A = 800 (1 + 0.074)∧39
A = 800 (1.074)∧39
A = 800 (16.187022604)
A = 800× 16.187022604
A = $12,949.62
How much is in the IRA when Bob retires will be
$4,438.05 + 12,949.62
= $17,387.67
1. durability- objects used as money must withstand physical and tear
2. portability- people need to be able to take money with them as they go about their business
3.divisibility-to be useful, money must be easily divided into into smaller denominations, or units of value
4.uniformity- any two units of money must be uniform or the same in the terms of what they will buy.
5.limited supply- money must be available only in limited quantities
6.acceptability- Everyone must be able to exchange the money for goods and services
Answer:
Net cash flow as at the year end= $22,100
Explanation:
The statement of cash flows for Moore shall be calculated as follows:
Cash balance as at January 1, 2018= $54,000
Cash inflow from operating activities= $35,600
Cash outflow from investing activities= ($43,000)
Cash outflow from financing activities= ($24,500)
Net cash flow as at the year end= $22,100