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Sauron [17]
3 years ago
13

Amanda is trying to decide whether to get a job after graduation or to spend another year in school to get her master's degree.

She has two job offers of $65,000 and $80,000, and she expects tuition and fees to be $24,000. She expects to spend $12,000 on food and housing regardless of her choice. What is her opportunity cost of spending another year in school
Business
1 answer:
Alenkinab [10]3 years ago
5 0

Answer:

36,000

Explanation:

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Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost
lora16 [44]

a) The computation of the single plantwide predetermined overhead rate for Tent Master is $6 per DLH ($252,000/42,000).

b) The computation of the overhead cost per unit for Pup and Pop-up Tents for Tent Master is computed as follows:

                               Pup Tents     Pop-up Tents

Overhead cost     $24 ($6 x 4)    $18 ($6 x 3)

c) The computation of the product cost per unit for Pup and Pop-up Tents is as follows:

Per Unit      Selling     Direct     Direct  Overhead     Product

                    Price   Materials   Labor    per unit    Cost / Unit

Pup tent       $ 78         $ 20      $ 45        $24             $89

Pop-up tent    73             25         30         $18             $73

d) The computation of the gross profit per unit (selling price per unit minus the product cost per unit) of Pup and Pop-up Tents is as follows:

Per Unit      Selling     Direct    Direct  Overhead   Product    Gross Profit

                    Price   Materials  Labor    per unit   Cost / Unit  (Loss) per unit

Pup tent      $ 78       $ 20      $ 45         $24             $89     ($11) ($78 - $89)

Pop-up tent   73          25          30          $18             $73       $0 ($73 - $73)

<h3>What does a product cost?</h3>

The determination of the product cost includes the costs of direct materials, direct labor, and overhead.  The overhead cost is allocated to each unit based on a predetermined overhead rate (budgeted overheads/budgeted usage) or using an activity-based costing technique.

<h3>Data and Calculations:</h3>

Budgeted overhead costs = $252,000

Budgeted direct labor hours = 42,000

<h3>Question Completion:</h3>

Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows:

Per Unit      Selling Price  Direct Materials  Direct Labor  DL Hours

Pup tent          $ 78                   $ 20                   $ 45            4

Pop-up tent       73                       25                      30            3

<h3>Required: </h3>

1. Compute a single plantwide overhead rate assuming the company allocates overhead costs based on 42,000 direct labor hours.

2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.

3. Compute the product cost per unit for each product.

4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).

Learn more about calculating the predetermined overhead rates at brainly.com/question/26372929

4 0
2 years ago
All of the following create problems with accurate product or job costing​ except: A. bar coding is used to record materials use
lukranit [14]

Answer:

A. bar coding is used to record materials used on the job.

Explanation:

Bar coding is used to record materials used on the job.

Bar code is a small image of lines appended on goods for easy identification, thereby increasing efficiency in businesses.

5 0
3 years ago
Focusing a supply chain on ________________ is a modern way of ensuring high-quality inputs and extending an organization’s cont
Vladimir79 [104]

Answer:

The correct answer is letter "D": close, collaborative ties with suppliers.

Explanation:

A Supply Chain is a network of organizations that work in the production and distribution of a good. The network is managed by the manufacturer from gathering the raw materials until a final good is provided to end-consumers. The relationships between<em> suppliers, producers, distributors, retailers, </em>and <em>customers</em> are vital for the sustainability of the firm.  

<em>To ensure the high-quality of the production, most companies aim to establish strong bonds with their suppliers by promoting mutual efforts in an attempt to maximize each others' profits.</em>

3 0
3 years ago
Write the planning process for a profession.​
Goryan [66]

Answer:

1) Explore career options

2) conduct field research

3) determine your job target

4) Build your credentialsand resume

5) Prepare for your job search

4 0
2 years ago
Kingbird, Inc. purchased a piece of equipment for $72,200. It estimated a 8-year life and a $3,400 salvage value. At the end of
Ainat [17]

Depreciation Expense 3,060

Accumulated Depreciation 3,060

72,200-3,400=68,800/8yr=8,600*4yrs=34,400-72,200=37,800

37,800-7,200=30,600/10yr=3,060 annual depreciation

7 0
2 years ago
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