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IgorC [24]
3 years ago
7

Dake Corporation's relevant range of activity is 5,200 units to 6,000 units. When it produces and sells 5,600 units, its average

costs per unit are as follows: Average Cost per Unit Direct materials $ 6.55 Direct labor $ 3.80 Variable manufacturing overhead $ 2.15 Fixed manufacturing overhead $ 3.50 Fixed selling expense $ 1.05 Fixed administrative expense $ 0.75 Sales commissions $ 0.85 Variable administrative expense $ 0.75 If 5,400 units are produced, the total amount of direct manufacturing cost incurred is closest to:
Business
1 answer:
arlik [135]3 years ago
6 0

Answer:

Total direct manufacturing cost= $55,890

Explanation:

Giving the following information:

5,600 units:

Average Cost per Unit Direct materials $ 6.55

Direct labor $ 3.80

The manufacturing overhead is an<u> indirect cost.</u> It is allocated based on a predetermined rate. <u>We will take into account only the direct materials and direct labor.</u>

<u>For 5,400 units:</u>

Total direct manufacturing cost= 5,400*(6.55 + 3.8)

Total direct manufacturing cost= $55,890

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Carla Vista Corp. has total current assets of $11,420,000, current liabilities of $4,354,000, and a quick ratio of 0.99. How muc
amid [387]

Answer:

Carla Vista Corp. has Inventory of $7,109,540

Explanation:

Carla Vista Corp. has current liabilities of $4,354,000, and a quick ratio of 0.99

The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities  = $4,354,000 x 0.99 = $4,310,460

Total current assets = (Cash & equivalents + Short Term investments + Accounts receivable) + Inventory

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $11,420,000 - $4,310,460 = $7,109,540

3 0
3 years ago
Approximately how many new small businesses does the Small Business Administration estimate close during their first year of ope
Kryger [21]

Answer:

answer B

Explanation:

the US Bureau of Labor Statistic estimates that roughly 20% of all small businesses will fail/close during thir first year, meaning B is the only correct option

hope this helps!!

8 0
2 years ago
Read 2 more answers
a company saw a drop in sales after negative publicity around a scandal involving safetry reports. the strategic changes the com
Montano1993 [528]

Answer:

The question is not complete, below is the complete question:

A company saw a drop in sales after negative publicity around a scandal involving safety reports. the strategic changes the company makes to deal with this situation are reactive changes?

(A) True

(B) False

Correct answer is (A) True

Explanation:

This shows that a company external environment, as an impact on the company sales of goods and services.

5 0
3 years ago
Old Economy Traders opened an account to short-sell 1,550 shares of Internet Dreams at $74 per share. The initial margin require
svetlana [45]

Answer:

A.37%

B.No because the margin is above the requirement at 37%.

C.-118%

Explanation:

Old Economy Traders

a.

1,550 shares*$74 per share = 114,700

margin requirement is 52% so equity =59,644

1 year later price increase to 81

$1550 shares*$81 per share = 125,550

Dividend = $4*1550 = 6,200

Margin = 114,700/131750 = 37%

b.

No because the margin is above the requirement at 37%.

c.

Price of 1550 stock year 1 at 81$/share = 125,550

114,700 – 125,500 = -10800

Rate of return = (-10800 -59,644)/59,644= -118%

8 0
3 years ago
A $250,000 loan is to be amortized over 8 years, with annual end-of-year payments. Which of these statements is CORRECT? a. If t
Anarel [89]

Answer:

The answer is "Option b".

Explanation:

In this scenario, the second option, which would be the percentage within each transaction that's also interest instead of the full amount, would've been lower if the rate of interest were lower because interest-related transactions would have been higher at lower rates and conversely, as opposed to the main refunds.

7 0
3 years ago
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