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marysya [2.9K]
4 years ago
15

Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate

sale to the consumer. Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company.Direct Labor $20906Sales and Marketing Expenses $23289Metal to make the exterior shell of the washing machines $50181 Electricity to run the machinery in the factory $18939Salary of the manager who oversees manufacturing $8204Salary of the Chief Operating Officer of the Company $16665Water bill for the building that houses corporate headquarters $2100
Business
1 answer:
amm18124 years ago
3 0

Answer:

The total product cost is $98,230

Explanation:

The product cost is that cost which is related to the manufacturing of a product

The computation of the total product cost is shown below:

= Direct labor + Metal to make the exterior shell of the washing machines + Electricity to run the machinery in the factory + Salary of the manager who oversees the manufacturing

= $20,906 + $50,181 + $18,939 + $8,204

= $98,230

So, this cost which are considered in the computation part is product cost and the rest cost are ignored.

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Three people invest in a business. The first two invest in the ratio 2:3, and the third person
Diano4ka-milaya [45]

Answer:

$15 million

Explanation:

The three investors' total investments would add up to  100% or 1.

The first two invested in the ration of 2:3

It means ;

Investor 1:  2/5

Investor 2: 3/5

If investor 3 invested twice as investor 1 and 2, then we can deduce that he invested ( 2/5 + 3/5) x 2

the  new denominator is 10, meaning

Investor 1 had 2/10,

investor 2 had 3/10

investor 3 had 5/10

If total investments were $30 million, then the highest investor invested

5/10 x $30million

=0.5 x $30 million

=$15 million

5 0
3 years ago
Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year
Radda [10]

Answer:

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 40,000

Estimated fixed overhead= $466,000

Estimated variable overhead rate= $3.00 per direct labor-hour.

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

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

Predetermined manufacturing overhead rate= (466,000/40,000) + 3

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

5 0
3 years ago
First, regardless of the strategy, _____ storage and _____ storage must be secured.
shepuryov [24]

Answer:

The correct answer is offsite and onsite.

Explanation:

When implementing Business Continuity the preservation of company data comes first.

Business Continuity Plan/Strategies are those measures that a company puts in place to ensure that regardless of the threat, and or disruption to the existing model that allows them to provide goods or services, (e.g. tsunamis or earthquakes, riots and civil unrests, compulsory government curfew) they can continue to function, reach their customers and remain operational.

The first rule of Business Continuity Plan is to protect all information assets. Off-site data or information refer to those information and or data that are remotely stored. That is, they are secured far away from the physical location of the business such as a data or server farm, cloud storage etc.

Onsite data storage refers to storing data on the premises or site of the business. Some fo the tools used are Hard Disk Drivers, Solid State Drives, DVDs etc.

Cheers!

3 0
3 years ago
Use the words innovative and ambitious in one sentence
Ilia_Sergeevich [38]

Answer:

As a team, and as company,  we try to be forward thinking, and ambitious in our approach with the technology , and innovative with new products to market to the consumer.

Explanation:

Able to use both words in a solid sentence structure.

8 0
3 years ago
You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of
Goshia [24]

Answer: $4.24

Explanation:

According to the Put-Call Parity, the value would be expressed by;

Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)

T is 90 days out of 365 so = 90/365

= 2.65 - 26 + 28 * 2.71 ^ (-0.06 * 90/365)

= $4.24

4 0
3 years ago
Read 2 more answers
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