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Marysya12 [62]
3 years ago
8

produces class rings. Its​ best-selling model has a direct materials standard of grams of a special alloy per ring. This special

alloy has a standard cost of per gram. In the past​ month, the company purchased grams of this alloy at a total cost of . A total of grams were used last month to produce rings. Read the requirementsLOADING.... Requirement 1. What is the actual cost per gram of the special alloy that 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 $
Business
1 answer:
lozanna [386]3 years ago
7 0

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.

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Presented below are three transactions. Mark each transaction as affecting common stock, dividends, revenue, expense, or not aff
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Answer:

a)Received cash for services performed.

+ Assets  (cash)

+ revenues (fees earned)

This has impact on stockholders equity as the revenues increase the earnings of the business. The company receives an asset (cash increasease of their services, that asset received is what icnrease the value of the company)

b)Paid cash to purchase equipment.

+ Assets (equipment)

- Assets (cash)

This transaction doesn't involve Equity It is just a change in the Assets compositions. It has no impact on the income neither.

Explanation:

6 0
3 years ago
An asset (not an automobile) put in service in June 2019 has a depreciable basis of $40,000 and a recovery period of 5 years. As
arlik [135]

Answer:

$40,000

Explanation:

Maximum amount of cost that can be deducted is full amount of $40,000. The maximum amount that can be claimed as bonus depreciation is the cost of the asset under consideration. The percentage of claim might be different and applicable according to announced by the Tax department, but the total amount that a person can claim as Depreciation Bonus is the Total cost of that asset.

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3 years ago
Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.
storchak [24]

Answer:

Ans. your monthly payment, for 30 years is $9,257.51 if you buy a property worth $1,000,000 and you make a down payment of $100,000

Explanation:

Hi, first we have to change the fixed rate in terms of an effective monthly rate, which is 1% effective monthly (12% nominal interest/12 =1% effective monthly). After that, take into account that the property is going to be paid in 30 years, but since the payments are going to be made in a montlhly basis, we have to turn years into months (30 years * 12 = 360 months).

After all that is done, all we have to do is to solve the following equiation for "A".

PresentValue=\frac{A((1+r)^{n} -1)}{r(1+r)^{n} }

Where:

A= Annuity or monthly payment

r= Rate (effective monthly, in our case)

n= Periods to pay (360 months)

Everything should look like this.

900,000=\frac{A((1+0.01)^{360} -1}{0.01(1+0.0.1)^{360} }

900,000=A(97.2183311)

\frac{900,000}{97.2183311} =A

A=9,257.51

Best of luck.

6 0
3 years ago
The exponential smoothing forecasting technique slowly responds to changes in the mean level of demand when A. a small alpha val
VLD [36.1K]

Answer:

a small alpha value is used.

Explanation:

The exponential smoothing forecasting technique is used for forecasting a time series when there is no trend or seasonal pattern, but the mean of the time series is slowly changing over time.

The choice of the smoothing constant α (alpha) is important in determining the operating characteristics of exponential smoothing. The smaller the value of α (alpha), the slower the response. Therefore when a small alpha value is used the exponential smoothing forecasting technique slowly responds to changes in the mean level of demand.

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5 0
3 years ago
Northwestern Lumber Products currently has 17,500 shares of stock outstanding. Patricia, the financial manager, is considering i
SpyIntel [72]

Answer:

<em>15,101.15 shares</em>

Explanation:

<em>Northwestern Lumber products has =17,500 shares of stock</em>

<em>The Manager Patricia considers issuing  $135,000 of debt, at an interest rate of 6.6%</em>

<em>Let us find how many shares of stock will be outstanding once the debt is issued,</em>

<em>Given that </em>

<em>$65,000/17,500 =  ($65,000 − 135,000(.066))/X </em>

<em>Then X = 15,101.15 shares</em>

5 0
3 years ago
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