1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mariulka [41]
3 years ago
7

Concord Corporation can produce 100 units of a component part with the following costs: Direct Materials $21000 Direct Labor 550

0 Variable Overhead 19000 Fixed Overhead 11000 If Concord Corporation can purchase the units externally for $50000, by what amount will its total costs change?
Business
1 answer:
Marina86 [1]3 years ago
4 0

Answer:

If Concord Corporation purchase from outside it total cost will increase by $4500.

Explanation:

Cost of producing the units using current production:

Direct Material Cost                  $21000

Direct Labour Cost                     $5500

Variable Overhead Cost            $19000

Total Cost of Production           $45500

So, Purchase cost minus production cost

Gives $50000 - $45500 increase in cost purchase over production by $4500

Note:

Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.

You might be interested in
The_______of the strategic sourcing process, which is sometimes kicked off in response to an entirely new need within an organiz
VladimirAG [237]

The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.

Explanation:

The main purpose of strategic sourcing is to save money, acquisition process, supplier performance, and minimizing risk.

Based on the seven steps the strategic source processing is performed. They are profile the category means that it defines the categories and commodities in it.

The second step is supply market analysis describes about the cost components of the products or service. Develop the strategy is the next step in which decides where to buy while minimizing risk and cost and how to develop sourcing strategy. The next step is selecting source process which is used as a request for proposal process.

Then negotiate and selection suppliers is used to conduct multiple rounds of negotiation to get a shortlist.

The sixth step is implement and integrate are used for implementation process. The final step is benchmark and track results is the key element for sourcing process.

5 0
3 years ago
During its first year of operations, mack's plumbing supply co. had sales of $630,000, wrote off $10,100 of accounts as uncollec
Reil [10]
<span>The answer is 516,250 by first calculating expenses (6,500,000-40,000-expenses=590,000), net income = revenue-expenses.</span>
3 0
3 years ago
Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm
UkoKoshka [18]

Answer:

The month of April

Explanation:

Susan Zupan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. If Zupan's law firm prepares monthly financial statements, the law firm should recognize the revenue in April because according to revenue recognition principle, revenue should be recognized in the accounting period in which services are performed, and Susan zupan performed the work in April so therefore the firm should recognize the revenue in April.

4 0
3 years ago
Delta Company produces a single product. The cost of producing and selling a single unit of the product at the company’snormal a
iogann1982 [59]

I assumed you typo 821 by $21 per unit, then the answer will be

1-  financial disadvantage of accepting the special order is loss of $60,000

2- a minimum selling price for these units should be $14.00

Explanation:

Loss of $60,000 = 15,000 x (14,000 – (5.1+3.8+1+4.2+1.5+2.4))

a minimum selling price for these units is $14.00 per unit because it’s the price the company can earn if accept a special order, though lower than cost of producing and selling at $18.00

6 0
3 years ago
On January 1, 2017 the City of Graf pays $85,500 fora work of art to display in the local library. The city will take appropriat
Nookie1986 [14]

Answer:

Explanation:

The journal entries are shown below:

a. Artwork A/c Dr $85,500

        To Cash A/c                                       $85,500

(Being work is reported on the government-wide financial statements)

Depreciation Expense A/c Dr $5,700

        To Accumulated Depreciation A/c $5,700

(Being depreciation expense is recorded)

The depreciation expense is shown below:

= Original cost ÷ useful life

= $85,500 ÷ 15 years

= $5,700

b. Artwork expenditure A/c Dr  $85,500

           To Cash A/c  $85,500

(Being  work is reported on the fund financial statements

5 0
3 years ago
Other questions:
  • Donavan spent the day talking with a packaging company in Guam, a lighting specialist in Japan, a touchpad expert in the U.S., a
    7·1 answer
  • On May 1, Foxtrot Co. agreed to sell the assets of its Footwear Division to Albanese Inc. for $80 million. The sale was complete
    5·1 answer
  • In the short run, a decrease in the money supply causes output to? A. Increase B. Decrease C. Not change D. Increase or not chan
    6·1 answer
  • Do you think competition between co-workers is healthy destructive unavoidable
    5·1 answer
  • What are the business debts called?
    5·2 answers
  • 1. Which design style resembles a half-moon?
    6·2 answers
  • Manning Company uses the allowance method. At the end of its first year of operations, the company estimates that it will not co
    11·1 answer
  • In connection with a "buy-sell" agreement funded by a cross-purchase insurance arrangement, business associate Adam bought a pol
    5·1 answer
  • DRK, Inc., has just sold 110,000 shares in an initial public offering. The underwriter’s explicit fees were $66,000. The offerin
    12·1 answer
  • Why do you think an entrepreneur might choose to keep a business small rather than expand it?​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!