Complete Question:
Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 8 grams of a special alloy per ring. This special alloy has a standard cost of $65.40 per gram. In the past month, the company purchased 8,700 grams of this alloy at a total cost of $567,240. A total of 8,300 grams were used last month to produce 1,000 rings. Read the requirements. Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $
Answer:
Collegiate Rings
The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $65.20
Explanation:
Calculations:
Actual Cost per gram of special alloy = Total Actual Cost/Total Actual Quantity
= 567,240/8,700 grams
= $65.2
This value represents the cost of the special alloy per gram. It is obtained as calculated above. Price or cost per unit is always equal to the actual cost divided by the total quantity. The actual cost will be equal to the price charged by the supplier less any discounts or special allowances.
Answer:
Bond price= = $869.84
Explanation:
Given data:
Face value (F)=$1000
Interest rate (i)=10%
Coupon rate (c)= 7% annually
No of year n = 14
we know that bond price is given as
putting all value to get the desired value
= $869.84
condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.
In order for a court to exercise authority over a particular dispute", "there must be an actual case or controversy", the case must be ripe for resolution, and the parties must have <u>Standing </u>to bring the case.
Explanation:
The term <u>Standing</u> is also referred to as <u>Locus Standi. </u>
<u>The term refer to the ability </u>of a party to provide sufficient proof to the court about the harm caused to the party due to the legal action challenged in the court.
The Doctrine of Standing or standing to sue, is a court-created “doctrine” helps to determine whether or not the court will hear a particular federal lawsuit.
<u>The doctrine of standing has three elements: </u>
(1) The plaintiff who has suffered a concrete injury;
(2) that injury is fairly traceable to actions of the defendant
(3) it must be likely—that the injury caused will be redressed by a favorable decision
Answer:
$ 896,000.00
Explanation:
September $800,000
October $920,000
November $840,000
December $760,000
Payments for November:
30percent purchase for November: = 30/100 x $ 840,000.00
= $ 252,000.00
70 percent payment for the previous month
=70/100 x $ 920,000.00
= 644,000.00
Total payments = $ 252,000 + $ 644,000.00
=$ 896,000.00