Answer:
Product X Product Y
Contribution Margin per $10 $12
Production Hour
Explanation:
The hours used in the product X and product Y is computed as:
Product X Product Y
Units produce in per hour 2 3
Hours used per units 1/2 = 0.5 1/3 = 0.333
The contribution margin per production hours is calculated as, divide the contribution margin by hours as shown below:
Product X Product Y
Contribution margin $5 $4
Hours used 0.5 0.333
Contribution margin per 5/0.5 = 10 4/0.333 = 12
Production Hour
Answer: Interest Maturity Date
(a) 78110×7%×(60/360) = $911 August 9
(b) 46200×8%×(90/360)= $924 October 12
(c) 11700×9%×(75/360) = $219 July 11
Explanation:
To compute the interest we apply the following formula:
Interest= (Principal) × (Interest Rate) ×(Terms ÷360)
For the Maturity date, we add Terms to the Date of note .
By using the above formula for the given table, we get the following values
Interest Maturity Date
(a) 78110×7%×(60/360) = $911 August 9
(b) 46200×8%×(90/360)= $924 October 12
(c) 11700×9%×(75/360) = $219 July 11
Answer:
$12,112.048
Explanation:
As for the information provided:
Lease payment amount = $3,000 each.
Period of lease = 5 years
Date of payment = 1 January each year
Rate of discount = 12%
Since first payment is made today the present value factor will be 1
Thereafter the present value cumulative discount factor for other four years @ 12% = 3.037
Now net cumulative factor for all the years included the present payment to be made today = 3.037 + 1 = 4.037
Therefore, present value of all the lease payments today = $3,000
4.037 = $12,112.048
Note: Present value discount factor shall be for 5 years as follows:
= 
Net income = revenue - expenses.
The revenue was $100,000 + $19,000 = $119,000
Expenses was $56,000
$119,000 - $56,000 = $63,000
The net income is $63,000.
Answer:
equivalent unit of production for period in conversion cost is 42000 EU
Explanation:
Given data
during period P = 35000 units
ending work W = 14000 units
complete C% = 50%
to find out
equivalent units of production
solution
we know that 35000 units work is complete and transferred during period and
50% complete with ending work 14000 units
so that
Equivalence unit production is W x C% + P
= 14000 x 50% + 35000 = 42000
so equivalent unit of production for period in conversion cost is 42000 EU