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3 years ago

Use the following data to compute total manufacturing costs for the month:

Business

1 answer:

Akimi4 [234]3 years ago

7 0

Answer:

$132,300

Explanation:

The total manufacturing costs for the month can be calculated as follows

Direct labor + indirect materials + factory manager salary + indirect labour + direct materials + depreciation on factory equipment

= 40,600 + 16,200 + 8,200 + 10,000 + 7,300 + 41,500 + 8,500

= $132,300

Hence the total manufacturing costs if $132,300

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A new machine will cost $25,000. The machine is expectedto last 4 years and have no salvage value. If the interest rate is 12%,

Dahasolnce [82]

Answer with its Explanation:

Requirement 1. Expected Annual Savings and Expected NPV

As we know that:

Expected Value = Probability P1 * Expected Value E1 + Probability P2 * Expected Value E2 + Probability P3 * Expected Value E3 + ....... Probability Pn * Expected Value En

Here

P1 is 0.3 and E1 is $7000

P2 is 0.4 and E2 is $8500

P3 is 0.3 and E3 is $9500

By putting values, we have

Expected Annual Savings = 0.3 * $7,000 + 0.4 * $8,500 + 0.3 * $9,500 = $8,350

The above amount would be for first four years, hence it must be discounted using the annuity formula to calculate the present value of four annual receipts.

Annuity = [1 - (1 + r)^-n] / r

By putting values, we have:

Annuity = $8,350 * [1 - (1 + 12%)^-4] / 12%

And

Expected NPV = ($25,000) + $8,350 * [1 - (1 + 12%)^-4] / 12%

= $361.87

Requirement 2. Probable Return Percentage

Return Percentage = NPV / Investment = $361.87/ $25,000

= 1.45%

Requirement 3. Associated risk

As we know that

Minimum return = Minimum annual savings – Uniform annual costs

Here

Minimum annual savings are $7,000

Uniform Annual Costs were $8,350

By putting values, we have:

Minimum return = $7,000 – $8,350 = -$1,350 per year

Requirement 4. Risk Amount Percentage

Risk Amount percentage = Minimum Return / Uniform annual costs * 100

Risk Amount percentage = $1,350 / 8,350 * 100 = 16.17%

8 0

4 years ago

In a civil case, what is the difference between a plaintiff and a defendant?

tresset_1 [31]

A plaintiff is the party which brings accusations against the defendant. The defendant is the party against which the charges are being brought.

4 0

4 years ago

Read 2 more answers

Which of the following statement is true?

Eduardwww [97]

c) Project management Software is only useful with a knowledgeable operator.

Explanation:

Project management software are assisting software that need a pre-educated person to understand how it works, thus is the operator already has knowledge in project management it will assist him/her in making decisions and tracking progress thus useful.

7 0

3 years ago

Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard10 pounds per

Elina [12.6K]

Answer:

Direct material quantity variance= 3746.25 pounds (favorable)

Explanation:

Giving the following information:

Direct materials standard 10 pounds per unit.

Direct materials standard cost $0.75 per pound.

Actual direct materials used 40,000 pounds.

Actual finished goods produced 4,500 units.

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (10-8.89)*0.75= 0.8325*4500units= 3746.25 pounds (favorable)

7 0

3 years ago

Prepare a tabular summary to record the transactions for the month using a perpetual inventor system.

vfiekz [6]

Answer:

Perpetual Inventor System.

 DR CR

 $ $ 

March 2

(a) Accounts receivable $850,000

Revenue $850,000

Cost of goods sold $500,000

Inventory $500,000

March 6

(b) Inventory $60,000

Cost of goods sold $60,000

Revenue $100,000

Accounts receivable $100,000

March 12

Accounts receivable $850,000

Explanation:

perpetual inventory system is an inventory system where inventory records are updated to reflect additions and subtractions inventory. Records will be made when inventories are received, goods are sold items returned, etc.

6 0

4 years ago