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Galina-37 [17]
3 years ago
5

Friday Night, Inc. manufactures high-quality 5-liter boxes of wine which it sells for $14 per box. Below is some information rel

ated to Friday Night's capacity and budgeted fixed manufacturing costs for 2019:
Budgeted Fixed Days of Hours of
Denominator-Level Manufacturing Production Production Boxes
Capacity Concept Overhead per Period per Period per Day per Hour
Theoretical capacity $4,000,000 362 22 300
Practical capacity $4,000,000 310 16 250
Normal capacity $4,000,000 310 16 175
Master budget capacity $4,000,000 310 16 200
Production during 2019 was 990,000 boxes of wine, with 15,000 remaining in ending inventory at 12/31/19. Actual variable manufacturing costs were $1,762,200 (there are no variable cost variances). Actual fixed manufacturing overhead costs were $4,000,000, the same as budgeted. What is the total cost per unit (box of wine) when practical capacity is used?
a. $3.45
b. $5.01
c. $5.81
d. $6.39
Business
1 answer:
Setler [38]3 years ago
7 0

Answer:

b. $5.01

Explanation:

practical capacity = 310 x 16 x 250 = 1,240,000 boxes of wine per year

fixed overhead costs = $4,000,000 / 1,240,000 = $3.23 per box of wine

variable manufacturing costs = $1,762,200 / 990,000 = $1.78 per box of wine

total production costs per unit when practical capacity is used = $3.23 + $1.78 = $5.01 per box of wine

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Mazyrski [523]

Answer:

the yield to maturity is 5.77%

Explanation:

The computation of the yield to maturity is shown below:

Given that

FV = $1,000

PV = $431

PMT = $0

NPER = 15

The formula is shown below:

= RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the rate of interest is 5.77%

Hence, the yield to maturity is 5.77%

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3 years ago
A gas company in Massachusetts charges $1.30 for 15 ft3 of natural gas (CH4) measured at 20°C and 1.0 atm. Calculate the cost of
Vesnalui [34]

Answer:

$0.0224

Explanation:

First, determine the amount of heat required to raise the temperature of 450 mL water from 20°C to 100°C.

density of water = 1 g/mL  

Use = AH = m(AT)Cp

AH (delta H) = amount of heat required

m = mass of water = 450 mL: (1g/mL) = 450 g

AT(delta T) = temperature difference = 100 - 20 = 80 °C

Cp = specific heat of water (from a table) = 4.18 J/g °C

So,  

AH  = 450 (80) (4.18) = 150 480 J = 150.48 kJ

Second, determine the heat ACTUALLY required

Since 50 % of heat produced (from combustion of methane) are used for water,

heat ACTUALLY required = 2 x 150.48 kJ = 300.96 kJ

Third, determine the amount of methane in the supply (in mole)

Assume ideal gas,

PV = nRT

P = 1.0 atm

V = 17 ft3 = 481.38 L

T = 20 + 273 = 293 K  

R = 0.082 1 L atm K−1 mol−1

n = PV/RT

so,

n = (1 x 481.38)/(293 x  0.0821) = 20.011 mol

Interpretation: 17 ft3 of methane supplied is equivalent to 20.011 mol methane (17 ft3/20.011 mol)

Fourth, determine the heat produced from combustion of methane

The combustion of methane gas is represented by the reaction:

CH4 (g)  +   2 O2 (g) CO2 (g)  +   2 H2O (g)  

heat of combustion =

[heat of formation of CO2 (g) + 2 x heat of formation of H2O (g)] -

[heat of formation of CH4 (g) + 2 x heat of formation of O2 (g)]

From the standard table:

= [ -393.5 kJ + 2x(-241.8 kJ)] - [-74.8 kJ + 2x(0 kJ)]

= - 802.3 kJ  

Interpretation: The combustion of 1 mole of methane produces 802.3 kJ, otherwise known as molar enthalpy (-802.3 kJ/mol)

Fifth, determine the amount of methane required from energy requirement for heating water

heat required = 300.96 kJ

So,  

methane required = 300.96 kJ (1mol/ 802.3 kJ) =  0.3751 mol

Sixth, determine the volume of methane required

Volume methane required = 0.3751 mol (17 ft3/20.011 mol)

= 0.3186 ft3

Finally, the cost required at price rate $1.20/17 ft3

Cost of methane =  0.3186 ft3 ($1.20/17 ft3) =  

$0.0224

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4 years ago
Michael Jordan purchases (long) 10 shares of XYZ stock for 23.00 per share. Six months from now he will sell all 10 shares. The
melamori03 [73]

Answer:

a) Breakeven price = Purchase price + Interest amount that would have been earned on the invested amount

Breakeven price = 23 + [23*e^(0.05*1/2) - 23]

Breakeven price = 23 + 0.5822477721

Breakeven price = $23.5822477721

b) Profit = Selling price - Breakeven price

Profit = $23.80 - $23.5822477721

Profit = $0.2177522279 per share

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The fact that most people make some decisions based on intuition rather than calculation is: Select one: a. irrational, because
vodka [1.7K]

Answer:

c. consistent with the cost-benefit model because most people intuitively weigh costs and benefits

Explanation:

People weight the cost and benefit before making desitions Some times without noticing they are doing it.

Also is important to notice intuition takes a role when there are shades in the information, the effect on the personnel and when not all information is available.

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3 years ago
The Mixing Department of Best Foods had 52,000 units to account for in October. Of the 52,000 units, 26,000 units were completed
Lelechka [254]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

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