The total profit Marjorie's mugs are = $2200
<h3>What is Variable cost?</h3>
Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.
<h3>What is fixed cost?</h3>
Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.
<h3>According to the given information:</h3>
Total mugs sold = 300
mugs sold at = 20
variable cost = 7
total fixed cost = 1700
find the profit:
profit = (300*(20-7) - 1,700)
= $2,200
The total profit Marjorie's mugs are = 2200
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Answer:
The correct answer is letter "C": multifactor productivity.
Explanation:
Multifactor productivity refers to how the combination of <em>labor </em>and <em>capital </em>is translated in the maximization of manufacturing goods or rendering services. Changes in the factor of multifactor productivity reflect fluctuations in <em>management, adjustment costs, and economies of scale</em>.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Condelezza Co. expects to produce 10,000 units of Product A and 20,000 units of Product B in the coming year.
Budgeted factory overhead costs for the coming year are:
Assembly $310,000
Finishing 240,000
Total $550,000
The machine hours expected to be used in the coming year are as follows:
Assembly Dept.
Product A 15,100
Product B 4,900
Total 20,000
Finishing Dept.
Product A 9,000
Product B 11,000
Total 20,000
A) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 550,000/40,000= $13.75 per machine hour
B) Departamental rates:
Assembly= 310,000/20,000= $15.5 per machine hour.
Finishing= 240,000/20,000= $12 per machine hour.
