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3 years ago

The following events took place at a manufacturing company for the current year:

Business

1 answer:

PilotLPTM [1.2K]3 years ago

6 0

Answer: $25,369.50

Explanation:

GIVEN THE FOLLOWING :

Purchased direct material = $97,000

(2) Incurred labor costs as follows: (a) direct, $58,000 and (b) indirect, $15,600.

(3) Other manufacturing overhead was $109,000, excluding indirect labor.

(4) Transferred 80% of the materials to the manufacturing assembly line.

(5) Completed 65% of the Work-in-Process during the year.

(6) Sold 85% of the completed goods.

(7) There were no beginning inventories.

Ending work in process inventory is calculated by;

(Beginning inventory + 0.8(direct material purchased) + direct Labor + (indirect labor + other manufacturing overhead)) × percentage Work in process

($0 + (0.8×97000) + 58000 + (15600+109000))×0.65

=($0 + $77,600 + $58,000 + 124600)×0.65 = $169,130

Ending WIP Inventory = (100-85)% × $169,130

0.15 × $169,130 = $25,369.50

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A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market ba

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Answer:

Usage Rate.

Explanation:

A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market based on usage rate. It is one of the type of behavioral segmentation where markets are segmented on the basis of consumers knowledge, response towards product, usage rate and attitude. Marketers divide the markets into nonusers, ex-users, potential users, first time users and regular users in order to target them accordingly.

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2 years ago

The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly.

katen-ka-za [31]

Answer:

Allocated MOH per unit= $45.94

Explanation:

Giving the following information:

Product Number of Units Labor Hours Per Unit

Blinks 1,178 2

Dinks 2,060 3

Estimated overhead costs for the period= 108,300 + 87,800= $196,100

Total direct labor hours= (1,178*2) + (2,060*3)= 8,536

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 196,100 / 8,536

Predetermined manufacturing overhead rate= $22.97 per direct labor hour

Now, we allocate overhead to Blinks:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 22.97*2= $45.94

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3 years ago

both capital and labor double, given the production function, output will double . If output doubles when inputs double, the

Sergeu [11.5K]

Answer:

If output doubles when inputs double, the production function will be characterized by a constant returns to scale.

Explanation:

In economics, returns to scale refers to a long run situation that reveals to the proportionate change in output when capital and labor inputs become variable or change.

The three possible types of returns to scale are as follows:

1. Increasing returns to scale: This occurs when the proportionate change in output is greater than the proportionate change in capital and labor inputs.

2. Decreasing returns to scale: This occurs when the proportionate change in output is less than the proportionate change in capital and labor inputs.

3. Constant returns to scale: This occurs when the proportionate change in output is the same as the proportionate change in capital and labor inputs.

Based on the above explanation therefore, if output doubles when inputs double, the production function will be characterized by a constant returns to scale. This is because the the proportionate change (double) in output is the sames as the proportionate change (double) in inputs.

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3 years ago

Adamson, Inc. has the following cost data for Product X: Direct materials Direct labor Variable manufacturing overhead Fixed man

stepan [7]

Answer and Explanation:

The computation of the unit product cost using absorption costing and variable costing is shown below

Under absorption costing

Particulars 2,000 units 2,500 units 5,000 units

Direct materials per unit $41 $41 $41

Direct labor per unit $57 $57 $57

Variable manufacturing

overhead per unit $7 $7 $7

Fixed manufacturing

overhead per unit $10 $8 $4

($20,000 ÷ 2,000 units) ($20,000 ÷ 2,500 units) ($20,000 ÷ 5,000 units)

Unit product cost $115 $113 $109

Under variable costing

Particulars 2,000 units 2,500 units 5,000 units

Direct materials per unit $41 $41 $41

Direct labor per unit $57 $57 $57

Variable manufacturing

overhead per unit $7 $7 $7

Unit product cost $105 $105 $105

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3 years ago

An efficient way to move toward the Nash equilibrium is called:

laiz [17]

Answer:

A convention

Explanation:

Nash equilibrium is a theory or a concept of equilibrium, which is in the game theory ,where the possible result or the best outcome of the game and there is no incentive which could deviate from the strategy.

So, it is an effective way to move toward the Nash equilibrium is known or referred to a convention, which is a non- cooperative game.

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2 years ago