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4 years ago

Using the information below for Laurels Company; determine the cost of goods manufactured during the current year:

Business

1 answer:

torisob [31]4 years ago

6 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Direct materials used $5,000

Direct Labor 7,000

Total Factory overhead 5,100

Beginning work in process 3,000

Ending work in process 4,000

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 3,000 + 5,000 + 7,000 + 5,100 - 4,000= $16,100

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Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a tar

mojhsa [17]

Answer:

If Solemon wants to earn a targeted profit of $3,600, the number of units must be sold are 9,300 units.

Explanation:

In Solemon Company:

Contribution margin per unit = Sales price – Variable cost per unit = $8-$6=$2

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

In there: Total fixed cost are $15,000

Targeted profit are $3,600

The number of units must be sold = ($15,000 + $3,600)/$2 = $18,600/$2 = 9,300 units.

8 0

4 years ago

Activity based costing allocates overhead (indirect costs) to fixed costs based upon four different types of drivers. Which of t

ch4aika [34]

Answer:

c. number of labor hours

Explanation:

The direct labor hours metric can estimate the amount of time the manufacturing capacity was used for each product.

Consider the bulk unit number is not a good metric because; the products aren't homogeneous and use different quantities of materials.

Also, the direct equipment cost cannot be linked to production. The depreciation of the equipment is an overhead cost, not a cost driver.

4 0

3 years ago

Calculate the contribution to total performance from currency, country, and stock selection for the manager in the example below

alina1380 [7]

Answer:

A. Currency selection 4% loss relative to EAFE

B. Country Selection 1.80% loss relative to EAFE

C. Stock Selection -2.6%loss relative to EAFE

Explanation:

Calculation to determine the contribution to total performance from currency, country, and stock selection for the manager in the

A. Calculation for CURRENCY SELECTION

Using this formula

EAFE / Manager weight * Currency appreciation ( E1 / E0 - 1 )

Let plug in the formula

EAFE =[ 0.6 * ( 1 - 1 ) ] + [ 0.3 * ( 1.4 - 1 ) ] + [ 0.1 * ( 1.2- 1 ) ]

EAFE= 0+0.12+0.02

EAFE=14%

Manager =[ 0.6 * ( 1- 1 ) ] + [ 0.1 * ( 1.4 - 1 ) ] + [ 0.3 * ( 1.2- 1 ) ]

Manager=0+0.04+0.06

Manager=10%

Loss relative to EAFE=(10%-14%)

Loss relative to EAFE=4%

4% loss relative to EAFE

B. Calculation for COUNTRY SELECTION

Using this formula

EAFE/ Manager weight × Return on Equity Index

Let plug in the formula

EAFE = [ 0.6 * 15% + 0.3 * 16% + 0.1* 20% ]

EAFE = 0.09+0.048+0.02

EAFE = 15.8%

Manager = [ 0.6 * 12% + 0.1 * 17% + 0.3 * 17% ] Manager =0.072+0.017+0.051

Manager =14%

Loss relative to EAFE=15.8%-14%

Loss relative to EAFE=1.80%

1.80% loss relative to EAFE

C. Calculation for STOCK SELECTION

Using this formula

Stock Selection=( Manager’s return - Return on Equity Index ) × Manager weight

Let plug in the formula

Stock Selection=[ ( 12% - 15% ) * 0.6 ] + [ ( 17% - 16% ) * 0.1 ] + [ ( 17% - 20% ) * 0.3 ]

Stock Selection=-0.018+0.001+-0.009

Stock Selection=-2.6%

-2.6% loss relative to EAFE

3 0

3 years ago

Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analys

Rina8888 [55]

Answer:

B.Utilitarianism

Explanation: Utilitarianism is a Normative and persuasive Ethical phylosophy,which tends to relate the outcome or consequences of certain conditions or activities to the choices a person or an organization makes. It type of Ethical phylosophy believes in the general good of the public when certain steps are taken by Organisations or Government or the people,it looks detests selfishness.

7 0

3 years ago

Read 2 more answers

As the Choice and Consequence box on "Too Big to Fail" notes, bank regulators worry about the prospect of the failure of large

grin007 [14]

Answer: This spells negative consequences for the economy

Explanation:

Became financial intervention or intermediation will be greatly affected

3 0

3 years ago