Answer: The the minimum price that would induce this company to produce the 601st heart rate monitor is <u>$70</u>.
Explanation: The marginal cost of producing one more unit is equal to 30070 - 30000 = 70.
A company produces to the point where the price is equal to the marginal cost. In other words, the cost of producing one more unit does not exceed the benefit to be obtained from the sale of one more unit.
Answer:
Material Quantity Variance = $18,000 Favorable
Explanation:
Material Quantity Variance = (Standard Quantity - Actual Quantity) Standard Rate
Provided information
Here, Standard Rate = $3.00 per pound of raw material
Standard Quantity for Actual Output of 60,000 batches = 60,000 1.4 pound = 84,000
Actual Quantity = 78,000
Material Quantity Variance = (84,000 - 78,000) $3.00
= 6,000 $3.00 = $18,000
Since standard quantity is more than actual it is a favorable variance.
The depreciation expense to the machine that Mohr Company purchased, in year 2, based on the cost of the machine and the units of production method is $4, 000
<h3>How to find the depreciation expense?</h3>
When using the units-of-production method to find depreciation, the focus would be on the amount of products that a machine or equipment was able to produce in a year, and then comparing this to the total amount of units the machine was to produce over its lifetime.
Firstly, there is a need to find the useful value of the machine by the formula:
= Cost of machine- Salvage value
= 48, 000 - 5, 000
= $43, 000
The depreciation expense in year 2 would then be:
= Number of units produced in year 2 / Total number of units expected over lifetime x Useful value of machine
= 8, 000 / 86, 000 x 43, 000
= $4, 000
Find out more on the units-of-production method at brainly.com/question/15731283
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Answer:
Explanation:
Wage replacement ratio is the ratio of a person's gross income after retirement divided by his gross income before retirement.
We use the given information to asses his spending on his lifestyle
Salary = 100000
Saving = 15% of 100000 = 15000
Mortgage payment = 2350
The amount spent on lifestyle = 100000 - 15000 - 2350
= 82650
Thus considering only the available information
Wage replacement ratio = 82650/100000 = 82.65%
Hence,
among the given option
Jack must have 80% wage replacement ratio