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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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Environmental scanning would be MOST important for which of the following organizations? a. A manufacturer of household linens b
CaHeK987 [17]

Answer:

The correct answer is letter "D": A web design company catering to small businesses.

Explanation:

Environmental scanning is a research conducted by a company in the attempt of finding out what is happening in the market and inside the organization. The SWOT (<em>Strengths, Weaknesses, Opportunities, and Threats</em>) analysis is the most used tool to conduct environmental scanning. The study aims to unveil chances from where the organizations can take advantage to make profits.

In such cases, <em>a web design company could use environmental scanning to spot small businesses without web pages or with web pages with poor designs so they can help small businesses to improve their online marketing interface. Eventually, the web design company will be benefited from the revenues of its works.</em>

6 0
3 years ago
Can I Plss get some help on this
AlladinOne [14]

The law of supply illustrates all the quantities of goods that producers are willing and able to sell at every possible price.

<h3>What is the law of supply?</h3>

The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This explains why the supply curve is positively sloped.

To learn more about the law of supply, please check: brainly.com/question/26374465

#SPJ1

7 0
2 years ago
Beyer Company is considering the purchase of an asset for $215,000. It is expected to produce the following net cash flows. The
Over [174]

Answer:

a) Net present value of investment = $86,036

b) Since the Net present value is positive thus, Beyer should accept the investment

Explanation:

Data provided in the question:

Cost of the asset = $215,000

Rate of return = 12% = 0.12

Now,

Present Value of Net Cash Flows = Net cash flow × Present value factor

also,

Present value factor = (1 + rate)⁻ⁿ

here,

n is the year

thus,

Year 1             Net cash flows        Present value factor          Present value

  1                      77,000                      0.89286                             68,750

  2                      54,000                     0.79719                              43,048

  3                      82,000                     0.71178                                58,366

  4                      172,000                    0.63552                             109,309

  5                      38,000                     0.56743                              21,562

Total                  423,000                                                              301,036

a) Net present value of investment = Total present value - Amount invested

= 301,036 - 215,000

= $86,036

b) Since the Net present value is positive thus, Beyer should accept the investment

6 0
4 years ago
Use the starting balance sheet, income statement, and the list of changes to answer the question. Gulf Shipping Company Balance
aleksandr82 [10.1K]

Answer:

the value for Liabilities on March 31, 2020 is $22,000

Explanation:

Liabilities are current obligations of the entity that arose as a result of past events, the settlement of which will results in the outflow of cash from the entity.

To calculate the value for Liabilities on March 31, 2020,<em> make adjustments</em> to the liability balance that exists at the start of the year <em>with movement that qualify as liabilities</em> as defined above.

Opening balance as at 1 January 2020 = $22,000

Movements in liabilities                           =  $0

Balance as at March 31, 2020                 =  $22,000

Conclusion :

The liabilities  value  on March 31, 2020 remains at $22,000

4 0
3 years ago
The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
givi [52]

Answer:

See explanation section

Explanation:

1. Debit     Cash                   $17,000

Credit            Service revenue (music)       $17,000

<em>Note: The academy receives cash by providing music services to the students.</em>

2. Debit     Prepaid Insurance          $4,200

Credit                    Cash                                 $4,200

<em>Note: The academy paid cash in advance to purchase insurance policy.</em>

3. Debit    Musical Equipment           $20,000

Credit                     Cash                                    $20,000

<em>Note: The academy paid cash for acquiring musical equipment.</em>

4. Debit     Cash                              $30,000

Credit             Notes payable                           $30,000

<em>Note: The academy borrowed cash by signing a notes from the bank.</em>

8 0
3 years ago
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