All categories

3 years ago

Monthly production costs in Dilts Company for two levels of production are as follows.

Business

1 answer:

ivann1987 [24]3 years ago

8 0

Answer:

Indirect labor= variable cost

Supervisory salary= fixed cost

Maintenance= mixed cost (it should have a minimum amount and then increase with an increase in production)

Explanation:

Giving the following information:

Cost 2,000 Units 4,000 Units:

Indirect labor $10,000 $20,000

Supervisory salaries 5,000 5,000

Maintenance 4,000 6,000

Variable costs changes according to production.

Fixed costs don't vary with production.

Mixed costs have a fixed component and a variable component.

Indirect labor= variable cost

Supervisory salary= fixed cost

Maintenance= mixed cost (it should have a minimum amount and then increase with an increase in production)

You might be interested in

Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning

Zarrin [17]

Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold = $548,600

Beginning inventory of the year = $31,283

Ending inventory of the year = $35,538

Now,

the Inventory turnover ratio is calculated as;

⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )

Also,

Average inventory of the year = $\frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}$

= $\frac{\$31,283+\$35,538}{\textup{2}}$

= $33,410.5

Therefore,

Inventory turnover ratio = $548,600 ÷ $33,410.5

= 16.42

6 0

3 years ago

Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000

Arisa [49]

Answer:

Total variable cost= 90,000

Total fixed costs= 8,000

Total costs= $98,000

Explanation:

Giving the following information:

Production of 15,000 units:

Fixed costs= $8,000

Total variable cost= $75,000

We have no reason to believe that the fixed costs will change. If 18,000 units remain in the relevant range, the fixed costs are constant.

<u>We need to calculate the unitary variable cost:</u>

Unitary variable cost= 75,000/15,000= $5

Now, for 18,000 units:

Total variable cost= 5*18,000= 90,000

Total fixed costs= 8,000

Total costs= $98,000

5 0

3 years ago

In order to produce a new product, a firm must lease new equipment. The managers feel that they can sell 10,000 units per year a

kogti [31]

Answer:

The most the firm can spend to lease the new equipment without losing money=$75,000

Explanation:

The point at which the revenue in terms of sales equals the cost is the break-even point. This can be expressed as;

R=C

where;

R=revenue from sales

C=cost

And;

R=P×N

where;

R=revenue from sales

P=price per unit

N=number of units

In our case;

P=$7.5 per unit

N=10,000 units

replacing;

R=7.5×10,000=$75,000

Total revenue from sales=$75,000

C=p×n

where;

p=cost per unit

n=number of units

In our case;

p=$5

n=unknown

replacing;

C=5×n=5 n

At break-even point, R=C;

5 n=75,000

n=75,000/5=15,000

The break-even cost=5×15,000=$75,000

The most the firm can spend to lease the new equipment without losing money=$75,000

5 0

3 years ago

You are choosing between these four investments and you want to be 95% certain that you do not lose more than 8.00 % on your in

Ainat [17]

Answer:

Corporate Bonds and T-Bills will have return above 8%

Explanation:

given data

investments = 4

investment = 8 %

solution

first of all we get 95% confidence interval that is as

and here investment returns and standard deviation are attach so

95% confidence interval = Return - 2 × SD to Return + 2 × SD ................a

so here

we can see here as per table attach

here only Corporate Bonds and T-Bills will have return above 8%

8 0

3 years ago

The highest level of awareness occurs when customers mention a specific brand name when asked about a product or service. Market

DIA [1.3K]

Answer:

top-of-mind awareness

Explanation:

the highest level of awareness, occurs when customers mention a specific brand name first when they are asked about a product or service

6 0

3 years ago