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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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<h2>Lean Production Perspective</h2>

Explanation:

There are 6 Business management perspective. They are:

  1. An ethics perspective
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Here the Lean production perspective does not come under the business management perspective.

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Explanation:

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4 years ago
The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket and is used by an average of 513 riders a d
ki77a [65]

Answer:

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Using midpoint formula;

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= \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{363 - 513}{\frac{513 + 363}{2} }\\\\= -0.342

Change in Price;

= \frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{0.99 - 0.88}{\frac{0.99 + 0.88}{2} }\\\\= 0.118

Price elasticity of demand = -0.342/0.118

= -2.90

Demand is elastic, so decreasing ticket prices will increase revenue.

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Avocado Incorporated just paid a dividend of $3. An analyst expects this dividend to grow at a rate of 12% for the next 3 years.
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Answer:

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The dividend in years 1 – 3 will grow at 12% and then at 5% forever.  

We had to get the PV for the dividends in years 1-3 (year 3 also includes the estimated future value of the stock).

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We find the future dividends using g =12%

Dividend in year 0 --->

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