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Ballard Company incurred a total cost of $8,500 to produce 400 units of pulp. Each unit of pulp required six (6) direct labor ho

Strike441 [17]

Answer:

$4,900

Explanation:

Given that,

Total cost at a production level of 400 units = $8,500

Each unit of pulp requires = 6 direct labor hours

Variable cost = $1.50 per direct labor hour

Total variable cost:

= Cost per direct labor hour × Direct labor hours required for each unit × No. of units produced

= $1.50 × 6 × 400

= $3,600

Total cost is sum total of total fixed cost and total variable cost.

Total cost = Total fixed cost + Total variable cost

$8,500 = Total fixed cost + $3,600

$8,500 - $3,600 = Total fixed cost

$4,900 = Total fixed cost

5 0

3 years ago

What type of job can i get with a finance and marketing double major

lora16 [44]

You can get jobs such as social media manager, accountant, advertising manager, marketing analyst, marketing manager, financial planner, budget planner

6 0

3 years ago

Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded

saul85 [17]

a. When the demand increases by 12 units, the equilibrium price rises to $6.2093 and the equilibrium quantity rises to 67.7442 units.

b. The price elasticity of supply (PES) at equilibrium is 0.20. Since the price elasticity is less than 1, we conclude that supply is inelastic.

From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

If the demand increases by 12 units at each point of price decline, the demand equation will be :

$Qd = 105 - 6P$

and the supply equation will be:

$Qs = 51.6 + 2.6P$

Since Quantity demanded and supplied are equal at equilibrium, we can equate the demand and supply equations and solve for price (P). Equating the two equations above, we get,

$105-6P = 51.6 +2.6P$

$53.4 = 8.6P$

P = $6.2093

Substituting the value of P in the demand equation, we get,

$Qd = 105 - (6*6.2093)$

$Qd = 105 - 6P$

$Qd = 67.7442$ units

b. Calculation of Price Elasticity of supply at equilibrium level.

P₀ = $4

Q₀ = 61

P₁ = $6.2093

Q₁ = 67.7442

$% change in quantity = [ (Q_1 - Q_0) / Q_0 ] * 100$

% change in quantity = 11.05607%

$% change in price = [ (P_1 - P_0) / P_0 ] * 100$

% change in price = 55.2325%

Price Elasticity of Supply (PES):

$PES = % change in quantity / % change in price$

PES = 11.05607% / 55.2325%

PES = 0.20

8 0

3 years ago

On June 1, 2015, Ivanhoe Company and Shamrock Company merged to form Bridgeport Inc. A total of 752,000 shares were issued to co

kompoz [17]

Solution:

a-1) Calculation of the number of shares used for calculating Basic Earning per share

No. of shares period

752000 3/12 188000

1314000 9/12 985500

Weighted average No of shares outstanding 1173500

a-2) Calculation of the number of shares used for calculating Diluted Earning per share

No. of shares period

752000 3/12 188000 1314000 3/12 328500 with Bonds 1340400 6/12 670200

Weighted average No of shares outstanding 1186700

Each bonds to per converted into 44 common stock

i.e. 600 Bonds *44 common=26400 Potential equity shares

b-1) Calculation of earning figures to be used for calculating Basic Earning per share

After Tax net Income will be earnings = $1614000

b-2) Calculation of earning figures to be used for calculating Diluted Earning per share

After tax net Income 1614000

Interest for the 2017 =600000*7*6/12 21000

Tax effect on Interest @40% 8400 12600 1626600

Earnings = 1626600

7 0

3 years ago

Who are decision makers within organizations? (Check all that apply.)

dedylja [7]

Answer: Consultants

Explanation: They give their ideas and the company works according to that. If the company managers take decisions that suits them the employees and owners will adhere but the consultants might turn it down which affects the company immensely.

6 0

3 years ago