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gavmur [86]
3 years ago
15

Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labot is $55 per unit. Variable

Manufacturing Costs are $25 per unit. Fixed Manufacturing Costs are $200,000. Toys Unlimited sold 3,500 units. They produced 4,000 units. Using Absorption costing, what is the production cost per unit?
a. $154
b. $179
c. $229
d. $236
Business
1 answer:
Eduardwww [97]3 years ago
5 0

Answer:

c. $229

Explanation:

Using absorption costing, the total production cost per unit is given by the sum of the costs of: direct materials per unit, direct labor per unit, variable manufacturing per unit and fixed manufacturing per unit. At 4,00 units produced, the cost per unit is:

C= 99+55+25+\frac{200,000}{4,000}\\ C= \$229

The production cost per unit is $229

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Answer and Explanation:

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3 0
3 years ago
Alejandro has many business ideas that could satisfy the unfulfilled needs of people who live in his community. However, there a
WITCHER [35]

Answer:

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Explanation:

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5 0
3 years ago
Rogue Outfitters Inc. has outstanding $1,000 face value that make semiannual payments, and have 10 years remaining to maturity.
Novosadov [1.4K]

Answer:

The coupon rate of these bonds is 4%

Explanation:

The coupon rate is the interest rate written on the face of the bond and the interest payment is made on this rate.

Use the following formula to calculate the coupon rate of the bond

Price of the bond = [ C x ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Where

F = Face value =  $1,000

Price of the bond = $938.57

r = Yield to maturity = 4.78% x 6/12 = 2.39%

n = Numbers of periods =  10 years x 12/6 = 20 periods

C = Periodic coupon payment =  ?

Placing values in the formula

$938.57 = [ C x ( 1 - ( 1 + 2.39% )^-20 ) / 2.39% ] + [ $1,000 / ( 1 + 2.39% )^20 ]

$938.57 = [ C x 15.75237625 ] + $623.52

C x 15.75237625 = $938.57 - $623.52

C x 15.75237625 = $315.05

C = $315.05 / 15.75237625

C = $20 semiannually

C = $20 x 12/6 = $40 annually

Coupon rate = Coupon Payment / Face value = $40 / $1,000 = 0.04 = 4%

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2 years ago
ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending inventory equal to 20% of the next m
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4 0
3 years ago
Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is pequals=
KengaRu [80]

Answer: $1800

Explanation:

Here is the correct question:

Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is p=140-2q, where q is the number of rounds of golf that he plays per year. The manager of the Northlands Club negotiates separately with each person who joins the club and can therefore charge individual prices. This manager has a good idea of what​ Joe's demand curve is and offers Joe a special​ deal, where Joe pays an annual membership fee and can play as many rounds as he wants at ​$20, which is the marginal cost his round imposes on the Club. What membership fee would maximize profit for the​ Club? The manager could have charged Joe a single price per round. How much extra profit does the Club earn by using​ two-part pricing? The​ profit-maximizing membership fee​ (F) is ​$nothing. ​(Enter your response as a whole​ number.)

Answer:

p = 140 - 2q

The profit-maximizing membership fee​ will be equal to total surplus

Therefore, the number of rounds that Joe played will be,

P = MC

20 = 140 - 2q

2q = 140 - 20

2q = 120

q = 120/2

q = 60

Total surplus = 1/2 × (vertical intercept of the demand curve - marginal cost) × the quantiy of rounds.

Total surplus = 1/2 × (140 - 20) × 60

= 1/2 × 120 × 60

= 3600

Therefore, the maximum membership fee will be = $3600.

If the firm charge Joe a single price , then the rounds provided will be such that MR = MC

Total revenue = price × quantity

TR = (140 - 2q) × q

TR = 140q - 2q²

MR = dTR/dQ = 140 - 4q

We then equate MR = MC

140 - 4q = 20

4q = 140 - 20

4q = 120

q = 120/4

q = 30

P = 140 - 2q

P = 140 - (2 × 30)

P = 140 - 60

P = 80

Therefore, the profit if a single price is charge will be:

= TR - TC = pq - MC×q = (P-MC)×Q

= (80-20) × 30

= $1800

Therefore, the increase in the profit by two-par pricing will be:

=Membership fee - Profit of single price charge

= $3600 - $1800

= $1800

4 0
3 years ago
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