Answer:
Variable overhead= $44,330
Fixed overhead= $29,600
Total overhead= $73,930
Explanation:
Giving the following information:
Total variable overhead= $45,760
Total fixed overhead= $29,600
Total overhead cost= $75,360
<u>First, we need to calculate the variable predetermined overhead rate:</u>
Variable predetermined overhead rate= 45,760/3,200= $14.3 per machine hour
<u>Now, for 3,100 hours:</u>
Variable overhead= 14.3*3,100= $44,330
Fixed overhead= $29,600
Total overhead= $73,930
Answer:
extortion
Explanation:
extortion is the practice of obtaining something, especially money, through force or threats.
Answer:
Profit for holiday month is $4,000
Explanation:
Given:
Average sales in a typical month = $1,600
Fixed cost is $800 per month
Sales in festive month is 300% above average typical month sale. So, sales in festive month is $4,800 (1,600 × 300%). Fixed cost remains same irrespective of number of units sold.
Profit = Sales - Fixed cost
= 4,800 - 800
= $4,000
If profit in a typical month is $800 (1,600 - 800), retail store earns profit of $4,000 in a festive month.
Answer:
The cash conversion cycle for 2014 was 105 days.
Explanation:
To calculate the Cash Conversion Cycle you need first to calculate three indicators that are the components of the Cash Conversion Cycle.
DIO - Days of Inventory Outstanding
DSO - Days Sales Outstanding
DPO - Days Payables Outstanding
The CCC is the sum of DIO + DSO - DPO
Please see details below:
CCC - Cash Conversion Cycle = 105 days
DIO - Days of Inventory Outstanding = 99 days
Average Inventory $15.750
Cost Of Goods $58.000
DSO - Days Sales Outstanding = 57 days
Accounts Receivable $18.000
Sales $116.000
DPO - Days Payables Outstanding = 50 days
Accounts Payables $8.000
Cost Of Goods $58.000