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Veronika [31]
3 years ago
15

Which element of a business does the following statement represent?

Business
1 answer:
jeyben [28]3 years ago
7 0

Answer:

Objective

Explanation:

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The accounting records for Portland Products report the following manufacturing costs for the past year. Direct materials $ 390,
Novay_Z [31]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the unitary costs:</u>

Direct materials= 390,000/180,000= $2.17

Direct labor= 261,000/180,000= $1.45

Variable overhead= 235,000/180,000= $1.31

<u>Now, we determine the new costs:</u>

Direct materials= 2.17*1.2= $2.604

Direct labor= 1.45*1.04= $1.508

Fixed overhead= 851,000*1.1= $936,100

<u>Total cost for 144,000 units:</u>

Total cost= 144,000*(2,604 + 1,508 + 1.31) + 936,100

Total cost= 144,000*5.422 + 936,100

Total cost= $1,716,868

<u>Finally, the unitary cos for both years:</u>

Last year= 2.17 + 1.45 + 1.31= $4.93

This year= $5.422

7 0
3 years ago
Heavy Metal Corporation is expected to generate the following free cash flows over the next five years.
mezya [45]

Answer:

Enterprise value of Heavy Metal= $1,080.766

Share price =  $18.945 per unit

Explanation:

<em>The value of a firm is the present value of the free cash flow discounted at the weighted average  cost of capital</em>

Year                                          PV

1        52.1 × 1.14^(-1)      = 45.70175439

2        68.6 × 1.14^(-2)  = 52.40073869

3          78.6 × 1.14^(-3) = 53.05276117

4         74.4×  1.14^(-4) = 44.05077264

5          81.1 ×  1.14^(-5) = 42.12079868

Year  and beyond

  81.1 × 1.04/(0.14-0.04) = 843.44

Total value =   45.70+ 52.40+53.052 + 44.050 +42.120+  843.44 = 1080.766826

Enterprise value of Heavy Metal= $1,080.766

Share price = Total value - Debt value / number of shares

=  (1,080.766  - 304 )/ 41 million units= $18.945 per unit

Share price =  $18.945 per unit

4 0
3 years ago
healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of
Leto [7]

Answer:

people

Explanation:

because I know ..........................

3 0
3 years ago
Question 3: Cost terminology in manufacturing firms a) Direct materials include all materials and components only raw materials
zaharov [31]

Answer:

1. a. Only major materials and components.

Only the major materials and components are include as direct materials because these are the materials that directly needed for production.

b. Only hourly production workers (aka assembly workers).

The direct labor has to be those people who are directly involved in production which in this case is the assembly workers. Managers and Supervisors are not integral so are not direct labor.

c. Both big items that cannot be traced (e.g., factory rent) and small items that are not worth tracing (e.g., glue, grease).

All other items involved in production should be included as manufacturing overheads including big items and small items that cannot be traced.

2.

Rent for the factory building ⇒ <u>Manufacturing Overhead (OH).</u>

Cost of engines used in production ⇒ <u>Direct materials (DM).</u>

Depreciation on production equipment ⇒ <u>Manufacturing Overhead (OH). </u>

Cost of lubricant used in production. ⇒<u> Manufacturing Overhead (OH). </u>

Production supervisor's salary. ⇒ <u>Manufacturing Overhead (OH). </u>

Assembly workers' wages. ⇒ <u>Direct Labor.</u>

7 0
3 years ago
What is a balance sheet? How does it support business?
exis [7]
A balance sheet is a summary of all of your business assets (what the business owns) and liabilities (what the business owes). At any particular moment, it shows you how much money you would have left over if you sold all your assets and paid off all your debts (i.e. it also shows 'owner's equity').
6 0
2 years ago
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