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sertanlavr [38]

3 years ago

6

Analyzing Data In June, Snead’s Snack Bar sold 1,000 fruit smoothies at a price of $2.50 each. In July, they sold 1,300 fruit sm

oothies at a price of $2.

1 answer:

Verizon [17]3 years ago

5 0

Overall, Snead's Snack Bar earned more in July, with $2600, while in June they only earn $2500

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Suppose Bev's Bags makes two kinds of handbags--large and small. Bev rents an industrial space where she keeps the fabric, the i

konstantin123 [22]

Answer: Zero

Explanation: As per the subject matter of cost accounting and economics. Variable cost can be defined as the cost which changes its level with the level of output produced unlike fixed cost which remain constant at all levels.

Electricity bill, raw materials and packaging are some common examples of variable cost.

So from the above explanation we can conclude that if Bev produce no bags there variable cost would be zero.

7 0

3 years ago

Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment

sergij07 [2.7K]

Answer:

The answer is option (b). $250,000

Explanation:

Step 1: Determine total market value

The expression for the total market value is;

Total market value=land value+building value+equipment value

where;

land value=$300,00

building value=$600,000

equipment value=$300,000

replacing;

Total market value=(300,000+600,000+300,000)=$1,200,000

Total market value=$1,200,000

Step 2: Determine fraction of the total market value that is equipment

Equipment fraction=equipment value/total market value

where;

equipment value=$300,000

total market value=$1,200,000

replacing;

Equipment fraction=300,000/1,200,000=0.25

Step 3: Determine cost assigned to the equipment

Cost assigned to the equipment=equipment fraction×lump sum

where;

equipment fraction=0.25

lump sum=$1,000,000

replacing;

Cost assigned to the equipment=(0.25×1,000,000)=250,000

Cost assigned to the equipment=$250,000

3 0

3 years ago

Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a

KiRa [710]

Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000 + $22,000 + $10,000

Cost of performing engine repair work = $205,000

Direct Labor Hours = Direct Labor/Direct Labor rate

Direct Labor Hours = 500,000/$20 per hour

Direct Labor Hours = 25,000 hours

Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

5 0

3 years ago

Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other

Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical in years 7, 14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= $\frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22$

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= $\frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279} +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}$

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

= $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0

3 years ago

4. What aspect of project management was omitted from the PMI definition that is included in the definition proposed by Meredith

lukranit [14]

Answer:

Fulfilling client's expectations

Explanation:

Project management can be defined as the use of skills, tools and knowledge to effectively execute a project.

The Project Management Institute (PMI) aims to develop the project management profession.

PMI definition proposed by Meredith and Mantel has included client satisfaction as a criteria for project success.

Initially client satisfaction was not included in Project Management definition.

According to them project management is the use of skills, tools, and knowledge to meet and exceed customer expectations.

This definition now different from the previous one that focuses on meeting project specifications

6 0

3 years ago