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4 years ago

Short Inc has 5,200 machine hours available each month. The following information on the company's three products is available:

Business

1 answer:

Masteriza [31]4 years ago

4 0

Answer:

a) Production schedule

Product 3 - 3000 hr × $22.5 = 67,500

Product 2 - 2000 × $ 17/hr = 34,000

Product 1 -- 200 units × $15/ hr = 3,000

b) Possible maximum contribution margin

= $104,500

Explanation:

The production schedule that will be maximize the profit for Short Inc is that which maximizes the contribution per unit if the scarce machine hours.

Since Short Inc faces a limiting a factor in form of machine hours, it should allocate its its resources in such a way that maximises the contribution per unit of machine hours.

This is done below using a table:

Product 1 2 3

Contribution 45.00 54.00 22.50

Machine hour /unit 3 2 1

Contribution per hr 15 17/hr $22.5/hr

Ranking 3rd 2nd 1st

Production schedule:

Prroduct units Machine hours required

3 3000 3000×1 = 3000

2 1000 1000× 2 = 2000

1 200 66.7 200

5,200

Amount of machine hours available for product 1 is the a balance after allocation to Product 3 and Product 2. It is determined as follows:

=5,200 - ( 3000 + 2000)

= 200 hours

Units of product 1 to be produced = 200/3 = 66.7 units

Optimum production schedule

Product 3 - 3000 units

Product 2 - 1000 units

Product 1 --66.7 units

B) Maximum possible contribution margin

Product 3 - 3000 hr × $22.5 = 67,500

Product 2 - 2000 × $ 17/hr = 34,000

Product 1 -- 200 units × $15/ hr = 3,000

Total maximum contribution = $67,500 + $34,000 + $3000

= $104,500

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Ryan attends a seminar on environmental conservation, and afterward decides to contribute to the conservation of the environment

Nostrana [21]

Answer: 1) Planting trees around him 2) Using bio and solar powered appliances

Explanation:

They are many ways to conserve the environment. Conserving the environment helps the earth and nature to grow better. Amongst all Ryan would have learnt from the training, here are some things he would do when he's back;

- Planting of trees; this helps preserve and purify the air around, reducing cabon monoxide as the plant takes it in, then gives oxygen.

- Use bio and solar powered appliances; fuel(petrol) has had a long run in the industry for energy, although it has it's advantages but it's disadvantages is more as it's the major contributor to the depreciation of the environment based on lots of toxic element it emits to the society

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3 years ago

) when originally issued, an investment in bonds of Flushing Dough, Inc., promised to provide an annual coupon of 7.50%. The bon

galina1969 [7]

Answer:

The likely yield to maturity on the bonds is 10.23%.

Explanation:

The likely yield to maturity on the bonds can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = likely yield to maturity on the bonds = ?

nper = number of periods = number of years until maturity = 4

pmt = annual coupon payment = annual coupon rate * Face value = 7.50% * $1,000 = $75 = 75

pv = present value = market price = $735 = 735

fv = face value or par value of the bond = 1000

Substituting the values into equation (1), we have:

YTM = RATE(40,75,-735,1000) ............ (2)

Inputting =RATE(40,75,-735,1000) into a cell in an excel (Note: as done in the attached excel file), the YTM is obtained as 10.23%.

Therefore, the likely yield to maturity on the bonds is 10.23%.

Download xlsx

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3 years ago

Planning a meal that includes many different-colored foods is an example of which characteristic of a healthful diet? adequacy m

lara31 [8.8K]

Answer:

Variety

Explanation:

Planning meal beforehand , is a very important and healthy practice , in order to incorporate the meal with all the healthy elements i.e. , which enable to get sufficient amount of nutritions , i.e. , proteins , carbohydrates , fats etc. , is referred to as a variety of healthy diet.

Hence, from the given information of the question, the correct term is variety.

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4 years ago

Pina Colada Corp. had 150 units in beginning inventory at a total cost of $16,500. The company purchased 300 units at a total co

ICE Princess25 [194]

Answer:

FIFO = $17,000

LIFO = $9,350

Average-cost = $14,450

Explanation:

Initial inventory: 150 units, at a total cost of $16,500 ($110 per unit).

Purchases: 300 units, at a total cost of $60,000 ($200 per unit).

Final inventory: 85 units.

Unit sold: 150+300-85=365 units

FIFO (first in, first out)

In this method, we considered that the units that were first in the inventory were sold first.

Initial inventory: 150 u. x $110 per unit = $16,500 $16,500

Variations: 300u. x $200 per unit = $60,000 $76,500

-150 u. x $110 per unit = -$16.500 $60,000

-215 u. x $200 per unit = -$43,000 $17,000

Final inventory 85 u. x $200 per unit = $17,000

LIFO (last in, first out)

In this method, we considered that the first units that leave the inventory are the last that have arrived.

Initial inventory: 150 u. x $110 per unit = $16,500 $16,500

Variations: 300u. x $200 per unit = $60,000 $76,500

-300 u. x $200 per unit = -$60,000 $16,500

-65 u. x $110 per unit = -$7,150 $ 9,350

Final inventory 85 u. x $110 per unit = $9,350

Average cost

In this method, every unit that left the inventory is valuated with an average-cost per unit of the inventory.

Initial inventory: 150 u. x $110 per unit = $16,500 $16,500

Variations: 300u. x $200 per unit = $60,000 $76,500

-365 u. x $170* per unit = -$62,050 $14,450

Final inventory 85 u. x $170 per unit = $14,450

*average cost = (150*110+300*200)/(150+300)=76500/450=$170

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Answer:

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