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goblinko [34]
3 years ago
15

Ship Co. produces storage crates that require 1.2 meters of material at $ 0.85 per meter and 0.1 direct labor hours at $15.00 pe

r hour. Overhead is applied at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
a. $25.02.
b. $11.52.
c. $2.40.
d. $2.52.
e. $3.42.
Business
1 answer:
Slav-nsk [51]3 years ago
5 0

Answer:

b. $11.52.

Explanation:

Standard Cost is the budgeted cost that business estimates to be for the a specific period. Actual cost may be difference from the standard cost.

Standard Material cos = 1.2 meter x $0.85 = $1.02 per unit

Direct labor cost = 0.1 x $15 = $1.5 per unit

Overhead applied rate = $9 per unit

Total cost per unit = $1.02 + $1.5 + $9 = $11.52

The standard cost is $11.52 per unit

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If a new employee doesn't know what is expected of her when asked to review the P&L, a _________ is interfering with effecti
N76 [4]

Answer:

Sematic barrier

Explanation:

Sematic Barrier can be described as the misunderstanding of signs as well as words between the person passing this information and those receiving the information. It should be be noted that sematic barrier could be as a result of cultural difference.

Therefore, in the case of the new employee that doesn't know what is expected of her when asked to review the P&L, Then, a sematic barrier is interfering with her effective communication.

3 0
3 years ago
Suppose that over one range of​ prices, the absolute value of the price elasticity of demand varies from 15.0 to​ 2.5, and over
Vera_Pavlovna [14]

Answer:

In the first range of prices (with PED 15 - 2.5) as the price of the good or service falls, total revenue should increase. Imagine that a 1% reduction in price will result in a 15% increase in quantity demanded. The same happens when PED = 2.5, since a 1% reduction will increase quantity demanded by 2.5%.

e.g. price = $100, quantity demanded = 100, total revenue = $10,000

  • price falls to $99, quantity demanded increases to 115, total revenue = $11,385
  • price falls to $99, quantity demanded increases to 102.5, total revenue = $10,147.50

On the other range (PED = 1.5 - 0.75) as the price of the good or service falls, at first total revenue will increase but then it will decrease.

e.g. price = $100, quantity demanded = 100, total revenue = $10,000

  • price falls to $99, quantity demanded increases to 101.5, total revenue = $10,048.50
  • price falls to $99, quantity demanded increases to 100.75, total revenue = $9,974.25
5 0
3 years ago
George deposited $2,000 in his bank account, which offers 5 percent compound interest calculated annually. what would be the pri
Ymorist [56]

Answer:

$2,205

Explanation:

The amount available after two years can be calculated using the formula

A= P x ( 1 + r) ^n

where A = amount

P= principal: $2000

r = interest rate : 5%, or 0.05

n = number of compound periods: 2

A= $2000 x ( 1 + 0.05)^2

A= $2000 x1.1025

A= $2,205

Principal amount after two years = $2,205

3 0
3 years ago
Read 2 more answers
What is meant by goal maximization of the shareholders' wealth?​
shepuryov [24]

Answer:

the objective of all corporate activity is called goal maximization of the shareholders' wealth.

4 0
3 years ago
bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $ 26,
VMariaS [17]

The Cost of the goods manufactured is $217,510.00 and the Cost of the goods sold is $210,700.00.

<h3>What is Overhead?</h3>

The term overhead refers to a company's continuing operating expenses but does not include the direct expenditures involved in producing a good or service.There are both fixed and variable overhead charges.

The complete solution of the question is attached below.

Thus the manufactured cost of the goods refers to those in which the expenses incurred at the time of manufacturing a good. The cost of the manufactured goods is $217,510.00.

The cost of the goods sold is  $210,700.00.

Learn more about the Cost of goods manufactured here:

brainly.com/question/17111259

#SPJ1

8 0
2 years ago
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