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ira [324]
3 years ago
7

ShipCo. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per h

our. Overhead is assigned at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card? a. $25.02. b. $11.52. c. $2.40. d. $2.52. e. $3.42.
Business
2 answers:
kiruha [24]3 years ago
5 0

Answer:

The correct answer is E.

Explanation:

Giving the following information:

ShipCo. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per hour. Overhead is assigned at the rate of $9 per direct labor hour.

Direct material= 1.2*0.85= $1.02

Direct labor= 0.1*15= $1.5

Overhead= 0.1*9= $0.9

Total= $3.42

Nana76 [90]3 years ago
3 0

Answer:

E. $3.42

Explanation:

Standard cost is the charge/cost to be budgeted to be incurred on a process, unit or manufacturing activity based on reliable estimates. The standard cost is usually compared with the actual cost after production has taken place.

It comprises of:

Direct material Cost : The standard quantity/unit of material to be used at a standard price.

Direct Labor Cost: The standard hours to be utilised at the standard rate for labour.

Overhead Cost: The estimated overhead fixed overhead charge and the variable overhead rate and the number of hours for applying the fixed and variable overhead rate.

Calculation

Material Cost = 1.2metres × $0.85 = $1.02

Labour Cost = 0.1 × $15 = $1.5

Overhead Cost = 0.1 × $9 = $0.90

Total Standard Cost = $[1.02 + 1.5 + 0.90] = $3.42

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Answer:

I think ur answers are A, B, and C.

Explanation:

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2 years ago
Bennett Co. has a potential new project that is expected to generate annual revenues of $255,800, with variable costs of $141,20
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b. $124,120

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2 years ago
Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/19, net 60. Mr. Warner never takes t
vekshin1

Answer:

35.92%

Explanation:

The computation of cost of not taking the cash discount is shown below:-

Discount percentage ÷ (100 - Discount percentage) × (360 ÷ (Full Allowed Payment Days - Discount Days))

= 3% ÷ 97% × 360 ÷ (50 - 19)

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=  0.03093 × 11.61290

= 0.359187

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Therefore for computing Mr. Warner's cost of not taking the cash discount we applied the above formula.

3 0
2 years ago
Summarize the different ways someone could earn money by owning a share of Exxon.
zhenek [66]

Answer:

its a pretty reliable stock, depends if youre going for long term or short term. It could earn you in the long term, but short term isnt really going to make you hundreds. Tesla is a good bet

Explanation:

3 0
3 years ago
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation
skelet666 [1.2K]

Answer:

1. The stand-alone price for installation service using adjusted market assessment is $180

2. The stand-alone price for installation service using expected cost plus margin is $182

3. The stand-alone price for installation service using residual is $182

Explanation:

1. According to the given data the market price at which similar vendors charge installation service should be taken as the stand-alone price which is $180

Therefore, The stand-alone price for installation service using adjusted market assessment is $180

2. The stand-alone price of the installation service using expected cost plus margin would be a follows:

Stan−alone price=Estimated Cost+Estimated margin

=$130+(40%×$130)

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Therefore, The stand-alone price for installation service using expected cost plus margin is $182

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Stand−alone price=Total transaction price−Stand−alone price for T.V−

−Stand−alone price for compensation and other costs

=$2,020−$1,810−$130

=$80

Therefore, The stand-alone price for installation service using residual is $182

8 0
3 years ago
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