What is DYS Camp Avery?

Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components dep

brilliants [131]

Answer:

1. Plantwide Overhead Rate $ 220.06 per machine hour

Total Cost per Unit= Model 145 $ 555.96 per unit

Total cost per unit = Model 212 $ 616.94 per unit

Profit (loss) Model 145 219.04

Loss Model 212 (26.94)

Explanation:

Real Cool

Process Activity Overhead Cost Driver Quantity

Components

Changeover $452,000 Number of batches 750

Machining 300,200 Machine hours 7,640

Setups 229,000 Number of setups 40

$981,200

Finishing

Welding $180,100 Welding hours 3,600

Inspecting 231,000 Number of inspections 850

Rework 81,250 Rework orders 210

$472,350

Support

Purchasing $136,500 Purchase orders 480

Providing space 30,300 Number of units 4,500

Providing utilities 50,910 Number of units 4,500

$227,710

Additional production information concerning its two product lines follows.

Model 145 Model 212

Units produced 1,500 3,000

Welding hours 1,400 2,200

Batches 375 375

Number of inspections 610 340

Machine hours 2,290 6,350

Setups 20 20

Rework orders 80 130

Purchase orders 320 160

We find the plantwide overhead rate by dividing the total overhead with the total machine hours.

1. Plantwide Overhead Rate= Total Factory Overhead/ Total Machine Hours

Plantwide Overhead Rate= $981,200+ $472,350+$227,710/7640

= 1681260/7640= $ 220.06 per machine hour

We multiply the machine hours of each model to get the overhead .

2. Cost of Model 145

Materials and Labor = $220 *1500= $330,000

Overhead = $220.06 *2290= $503,937.4

Total Cost = $83,3937.4

Total Cost per Unit= $83,3937.4/1500= $ 555.96 per unit

Cost Of Model 212

Materials and Labor = $150 *3000= $ 450,000

Overhead = $220.06 *6350= $ 1400,810

Total Cost = $ 1850810

Total cost per unit = $ 1850810/ 3000= $ 616.94 per unit

We find the profit or loss by subtracting the mfg cost from the market value.

3. Model 145 Model 212

Market Price $775 $590

Manufacturing Cost ($555.96) ($616.94)

Profit (loss) 219.04 (26.94)

6 0

3 years ago

Labracorp is looking to hire an unknown number of workers. jim wants to be one of those workers. what information would labracor

lys-0071 [83]

The answer is if Jim's marginal revenue is greater than his marginal cost.
Marginal revenue refers to the value that will Jim give to the company if the company decided to employ Jim. (how much profit he will create for the company)
The marginal cost on the other hand refers to the value that company must sacrifice in order to keep him working (the salary and benefit)

6 0

3 years ago

Read 2 more answers

Novak Corp. has 7400 shares of 6%, $50 par value, cumulative preferred stock and 148000 shares of $1 par value common stock outs

wlad13 [49]

Answer:

The dividends received by the preferred stockholders in 2020 are $30400.

Explanation:

The cumulative preferred stock is the form of preferred stock that accumulates or accrues dividends in case the company does not pay or partially pay dividends to preferred stock in a particular year. This means that the dividends are accrued and the company will need to pay these dividends first in the future whenever it declares dividends.

The total dividends per year on preferred stock is,

Preferred Stock dividends = 50 * 0.06 * 7400 = $22200 per year

The preferred stock dividend that was accrued at the end of 2019 after the dividend payment of $14000 is,

Accrued dividends - Preferred stock = 22200 - 14000 = $8200

In 2020 the company will need to pay this accrued dividend along with the dividend for 2020 on preferred stock. Thus, in 2020 the preferred stock holders will receive dividends of,

Preferred stock dividend to be paid in 2020 = 8200 + 22200 = $30400

8 0

3 years ago

Investor Palmer has a diversified portfolio consisting of equity and debt valued at $365,000 at the start of the year. During th

garri49 [273]

Answer:

The return after taxes is 7.9%

Explanation:

At the start of the year the portfolio is valued at $365,000.

At the end, his portfolio has returns by dividends ($3,579), interests ($2,783) and portolio's valuation (389,648-365,000=$24,648).

The tax is applied to the dividends and interests, as:

Tax = 0.35 * (3579+2783) = 0.35*6362 = $2,226.70

We can then calculate the investor's return as

R = profit after taxes / initial portfolio valuation

R = ((3579 + 2783 - 2226.70)+24648)/365000

R= 28,783.30 / 365,000 = 0.079 = 7.9%

5 0

3 years ago

Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over

avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0

3 years ago