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barxatty [35]
3 years ago
12

For 2015, Bakers Manufacturing uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $3.00 per u

nit. The selling price of the product is $20.00. The estimated manufacturing overhead costs are $240,000 and estimated 40,000 machine hours. The actual manufacturing overhead costs are $300,000 and actual machine hours are 50,000. What is the profit margin earned if each unit requires two machine-hours?
Business
1 answer:
Vlad1618 [11]3 years ago
4 0

Answer:

The profit margin earned if each unit requires two machine-hours is 25%

Explanation:

For computing the profit margin, first, we have to compute the estimated overhead rate per unit which is shown below:

Estimated Overhead rate = (Estimated manufacturing overhead costs) ÷ (estimated machine hours)

= ($240,000) ÷ (40,000 machine hours)

= $6

Now the profit per margin would equal to

= Selling price per unit - direct cost per unit - overhead cost per unit × number of required machine hours

= $20 - $3 - $6 × 2

= $5

Now the profit margin would equal to

= (Profit per unit) ÷ (selling price per unit) × 00

= ($5 ÷ $20) × 100

= 25%

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Lerok [7]

Answer:

e) Corporate Citizenship Moral Standard

Explanation:

Social responsibility is defined as the ethical framework that guides companies and individuals to give back to the environment in which they operate. It is a balance between pursuing economic benefits and protecting the ecosystem.

In this secanrio when the community started a protest because of the negative impact the factory would have, Meg's company promised to prevent and pay for any negative impact to the community. It also offers to build a community park to balance out the negative impact the factory might cause.

The moral used here is corporate citizenship moral standard. Where a company is ameliorating negative effect of its processes and also building a community park for the community

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3 years ago
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Federated investors has a , with each mutual fund being managed by several portfolio managers who together take responsibility f
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Federated investors has a LOAN , with each mutual fund being managed by several portfolio managers who together take responsibility for the fund's performance.
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3 years ago
Which of the following is one of the actual requirements in order to obtain a management position in agriculture?
Over [174]

It is 2, "Experience".

7 0
3 years ago
A brewery produced regular beer and a low carb "light beer". Steady Customers of the brewery buy 10 units of regular beer and 15
Svet_ta [14]

Answer:

                                                Regular     Low Carb      Total

a) Units to be produced               20              22             42

(to minimize total production cost)

b) Total production costs    $704,000   $1,150,000   $1,854,000

Explanation:

a) Data and Calculations:

                                                Regular     Low Carb

Monthly customers demand         10              15

Ratio of customers demand        40%           60%

Cost per unit                           $32,000      $50,000

Revenue per unit                    120,000      300,000

Contribution per unit            $88,000    $250,000

Total required revenue = $9,000,000

With 20 additional units of beer, total units produced = 45 (25 + 20)

To minimize production costs and generate a total revenue of $9,000,000, more of the units that cost less should be produced.  Units should be produced according to the following ratio:

                                                   Regular       Low Carb       Total

New Production and Sales units  20                   22             42

                                         

Total production cost =       $640,000         $1,100,000         $1,740,000

                                       ($32,000 * 20)       ($50,000 * 22)

Total revenue =               $2,400,000        $6,600,000     $9,000,000

                                      ($120,000 * 20)      ($300,000 * 22)

To achieve a minimum revenue of $9,500,000,

New production units                  22                   23                  45

Total production cost =     $704,000         $1,150,000        $1,854,000

Total revenue =                2,640,000         6,900,000         9,540,000

3 0
3 years ago
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xxMikexx [17]

Answer:

The given statement is true, that can be defined as follows:

Explanation:

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