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Semenov [28]
4 years ago
11

Martin Enterprises needs someone to supply it with 110,000 cartons of machine screws per year to support its manufacturing needs

over the next five years, and you’ve decided to bid on the contract. It will cost you $745,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. You estimate that, in five years, this equipment can be salvaged for $93,000. Your fixed production costs will be $335,000 per year, and your variable production costs should be $9.65 per carton. You also need an initial investment in net working capital of $60,000. If your tax rate is 21 percent and you require a return of 9 percent on your investment, what bid price should you submit?

Business
1 answer:
shusha [124]4 years ago
4 0

Answer:

Explanation:

the picture attached below shows the solution to the problem.

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Explanation:

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3 years ago
Lefave, Inc., manufactures and sells two products: Product Q1 and Product D5. Data concerning the expected production of each pr
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Answer:

Predetermined manufacturing overhead rate= $29.59 per direct labor hour

Explanation:

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Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

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