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Gnom [1K]
3 years ago
12

The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours 12 feet 1.5 hours Stan

dard Price or Rate Direct materials Direct labor Variable manufacturing overhead 1.5 per foot S 12 per hour $ 8per hour hours If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is:
A)S3
B) $5
C)$2
D)S4
Business
1 answer:
mixas84 [53]3 years ago
7 0

Answer: $4. That is D

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The town of Draper, with a population of 20,000, sits adjacent to State University, which has an enrollment of 27,000 students.
madam [21]

Answer: See explanation

Explanation:

a. Let the break even sales be represented by x.

Firstly, we will calculate the total fixed cost which will be:

Investment = $4.5million/30 = $150,000

Add: Annual labor cost = $140,000

Add: Interest = 8% × $4.5million = $360,000

Total Fixed cost = $650000

The total variable cost will be: = 0.60 × x = 0.60x

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= fixed cost + variable cost

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Therefore, number of cars that would have to park in the lot on an annual basis to pay off the project is 250000.

b. The approximate number of cars that would have to park in the lot on a daily basis will be:

= 250000/365 days

= 684.91

=685 cars

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3 years ago
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