1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marat540 [252]
2 years ago
14

Direct materials for the month amounted to $111,500. Direct labor for the month was $206,500. During the month, 12,500 units wer

e produced. Required: a. No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month. b. Determine the cost per unit of production for the previous month and the next month.
Business
1 answer:
Alenkinab [10]2 years ago
6 0

Answer:

1. Total Production Cost = $413400

2. Cost per unit of production for the previous month = $25.44

   Cost per unit of production for the next month = $25.44

Explanation:

GIVEN:

Direct Material for 12,500 unit = $111,500

Direct Labor for 12,500 unit = $206,500

Calculate:

Direct Material for 16,250 unit = $111,500*16,250/12,500 = $144,950

Direct Labor for 16,250 unit = $206,500*16,250/12,500 = $268,450

  • Total Production Cost =  Direct labor + Direct materials + Factory Overheads

Total Production Cost =  $144,950 + $268,450

Total Production Cost =  $413,400

Cost per unit of production = Total Production Cost / Total unit

For Previous month  = ($111,500 + $206,500) / 12,500

                                  = $318000/ 12,500

                                  = $25.44

For Next month = ($413400) / 16,250    

                           = $25.44

You might be interested in
According to kaplan and norton, _______ maps are "visual representations of a company's critical objectives and the crucial rela
Yuki888 [10]
Strategy Map  - A strategy map is very crucial for an organization to accomplish its objectives. It allows businesses to devise and implement a good company strategy, find gaps in the strategy, describe the strategy to employees, and test the strategy to allow for adjustments if necessary.
8 0
3 years ago
Which are results of regulation in a mixed-market economy? Check all that apply.
solong [7]

<u>Answer:</u> Option 1 and Option 5

<u>Explanation:</u>

In mixed economies under the government regulation most of the production is done by private ownership. There is very little government intervention. The main aim of the government intervention is to make sure that the private business activities comply with the law of the country.

Another result of government regulation is to control the externalities created by these business structures. Government ensures there is no externality which affects the market as well as the people. Due to these regulations there is no advantages for producer or government. Also the markets cannot be controlled with these regulations in mixed market economy.

8 0
3 years ago
Read 2 more answers
Viva, Inc. bought machine X for $18,000 two years ago. The machine had no residual value and had an estimated useful life of 10
FinnZ [79.3K]

Answer:

$14,400

Explanation:

The computation of the current book value of the machine is shown below:-

Value of the Machine two Years ago = $ 18,000

Annual Depreciation = Cost - Salvage Value ÷ Useful Life

= ($18,000 - 0) ÷ 10

= $ 1,800  

Depreciation for two years = $1,800 × 2

= $ 3,600  

The Current Book Value = Cost - Depreciation for two years

= $18,000 - $3,600

= $14,400

4 0
3 years ago
List five goods that are likely to be sold in a monopolistically.competitive market.
Alexeev081 [22]

Answer:

Cars

Toothpaste

Toilet paper

Hairspray

Televisions

4 0
3 years ago
The reason a professional such as a lawyer or doctor would incorporate his/her business is
Nesterboy [21]

Answer:

(3) to protect his/her other assets with limited liability.

Explanation:

The reason a professional such as a lawyer or doctor would incorporate his/her business is to protect his/her other assets with limited liability. Limited liability will be very good option for the professionals such as lawyer and doctors because it provides a sense of security. Limited liability secures the owners from any kind of loss if happens in business. Although, it is obviously much costlier but personal assets of the owners are also secured in the case if the business goes bankrupt therefore, it is the very best option for the professionals.

7 0
2 years ago
Other questions:
  • ________ are obstacles in which the design of organization structure, information processing, and reporting relationships, imped
    9·1 answer
  • December 31. Adjusting for the salaries and benefits expense for the last three days of the accounting period would
    8·1 answer
  • Proper marketing objectives have required elements to make them effective. Which of the following is the best example of how a m
    13·1 answer
  • According to the textbook, government price controls fail because: A. they are not enforced. B. legislation cannot repeal basic
    6·1 answer
  • Bozeman sold equipment that it uses in its business for $80,000. Bozeman bought the equipment two years ago for $75,000 and has
    12·1 answer
  • The highest value of total cost was $ 710 comma 000 in June for Horchata​ Beverages, Inc. Its lowest value of total cost was $ 5
    9·1 answer
  • A written customer complaint is received by mail about an error made by the firm that the firm resolves to the customer's satisf
    15·1 answer
  • Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet accounts for the year appear below:
    12·1 answer
  • Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $200,000 and
    6·1 answer
  • The expected proceeds from accounts receivable, determined by taking accounts receivable less the allowance for doubtful account
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!