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4 years ago

Bloom’s has the following estimates for the upcoming year:

Business

1 answer:

atroni [7]4 years ago

8 0

Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.

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4 years ago

Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reser

astra-53 [7]

Answer: $2,400; $2,400

Explanation:

If a deposit of $6,000 is made, the reserve requirement is 20% so the bank will have to reserve this amount of:

= 6,000 * 20%

= $1,200

The bank will be left with:

= 6,000 - 1,200

= $4,800

The bank lends all of this out.

The public holds 50% of the currency so they will keep:

= 50% * 4,800

= $2,400

The rest - which is $2,400 - will be deposited as checkable deposits.

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3 years ago

A stock has had returns of 12 percent, 19 percent, 21 percent, −12 percent, 26 percent, and −5 percent over the last six years.

11111nata11111 [884]

Answer:

Average rate of return= 10.17 %

Geometric return = 9.23%

Explanation:

Geometric average return

This is compounded annual rate of return which is used to measure the performance of an asset over a certain number of years. It helps to measure the return generated by an investment taking into account the volatility .

Unlike the arithmetic average the geometric average gives an idea of the real rate taking into account of volatility

The formula below

Geometric Return =(1+r1) (1+r2) ...... (1+rn)^1/n

Geometric Average return =

(1.12× 1.19× 1.21× 0.88× 1.26× 0.95)^(1/6) - 1 =0.09233168

Geometric return =0.0923 × 100= 9.23%

Geometric return = 9.23%

Average rate of return

The average return is the sum of the returns over the years dividend by the Numbers of returns

Average return = sum of return / No of returns

(12% + 19% + 21% + (12%) + 26% + (5%))/6 =10.17 %

Average rate of return= 10.17 %

Geometric return = 9.23%

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3 years ago

Why shouldn’t i let someone else use my business name

Strike441 [17]

Hello,

Not sure if this is a school related question but i have the answer for ya (:

There are multiple reasons on why you shouldn't let another person use your business name.
1. They can make YOUR profit off of what you sell
2. It can lead to a law suit in the future
3. 2 businesses using the same name always leads to unwanted problems, finance cases, business claims, and the possibility of being sued by the other person.

Best option would be for you to make your own business name and get it trademarked so that nobody will copy you! (:

4 0

3 years ago

On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The

lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

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3 years ago