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slavikrds [6]
3 years ago
7

Geneva Company manufactures dolls that are sold to various customers. The company works at full capacity for half the year to me

et peak demand, and operates at 80% capacity for the other half of the year. The following information is provided: Units produced and sold 600,000 units Selling price $ 35 / unit Variable manufacturing costs $ 20 / unit Fixed manufacturing costs $ 1,200,000 / yr. Variable selling and administrative costs $ 6 / unit Fixed selling and administrative costs $ 950,000 / yr. Geneva receives a purchase order to make 5,000 dolls as a one-time event. The good news is that this order is during a period when Geneva does have excess capacity. What is the lowest selling price Geneva should accept for this purchase order?

Business
2 answers:
SpyIntel [72]3 years ago
7 0

Answer: <u><em>So, the minimum selling price will be $26.</em></u>

Explanation:

The fixed cost are incurred regardless of the production volume, they're tangential to decision making.

Now,  

Minimum selling price that should be accepted for the product is given as follow:

Variable manufacturing cost = $20

Variable selling and admin  = $6

Total cost incurred = Variable manufacturing cost + Variable selling and admin = $26.

<u><em>So, the minimum selling price will be $26.</em></u>

erik [133]3 years ago
5 0

Answer:

The answer is $26

Explanation:

Please see attachment.

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International organizations prefer to rely on Blank______ for measuring the value produced in an economy.
Ilia_Sergeevich [38]

Answer:

I thinks it's gross national income

Explanation:

I am guessing

3 0
2 years ago
Four months ago, you purchased 1,300 shares of lakeside bank stock for $23.32 a share. you have received dividend payments equal
Marina CMI [18]
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7 0
3 years ago
Blumen Textiles Corporation began April with a budget for 22,000 hours of production in the Weaving Department. The department h
tankabanditka [31]

Answer:

A. 1300 Favorable

B. $7,200 UnFavorable

Explanation:

A. Calculation to determine the variable factory overhead controllable variance

First step is to calculate the Budgeted rate of variable overhead

Budgeted rate of variable overhead = $50,600/22,000

Budgeted rate of variable overhead= $2.3per hour

Second step is to calculate the Standard variable overhead for actual production

Standard variable overhead for actual production = 23,000 x $2.3

Standard variable overhead for actual production = $52,900

Now let calculate the Variable factory overhead controllable variance using this formula

Variable factory overhead controllable variance = Standard variable overhead - Actual variable overhead

Let plug in the formula

Variable factory overhead controllable variance= $52,900 - ($86,400 - 34,800)

Variable factory overhead controllable variance= 1300 Favorable

Therefore Variable factory overhead controllable variance is 1300 Favorable

B. Calculation to determine the fixed factory overhead volume variance.

First step is to calculate the Predetermined fixed overhead rate using this formula

Predetermined fixed overhead rate = 34,800/29,000

Predetermined fixed overhead rate = $1.20 per hour

Second step is to calculate the Fixed overhead applied

Using this formula

Fixed overhead applied = Standard hours x Standard rate

Let plug in the formula

Fixed overhead applied= 23,000 x $1.20

Fixed overhead applied= $27,600

Now let calculate the Fixed overhead volume variance using this formula

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

Let plug in the formula

Fixed overhead volume variance= $27,600 - 34,800

Fixed overhead volume variance= $7,200 UnFavorable

Therefore The Fixed overhead volume variance is $7,200 UnFavorable

5 0
3 years ago
A food product is pulled from the consumer market after preliminary testing, before data conclusively proves that it causes panc
raketka [301]

Answer:

The precautionary principle

Explanation:

7 0
3 years ago
What is the total value of Company H's stock?
dmitriy555 [2]

Answer:

Insufficient data

Explanation:

Suppose x represents the total value of Company H's stock

Here, we need to find out : value of x.

(1) Investor P owns \small \frac{1}{4} of the shares of Company H's total stock

i.e. Investor P's amount in H's stock  = \frac{1}{4}x

We did not give P's investment.

Thus, data is insufficient to find value of x.

(2)  The total value of Investor Q's shares of Company H's stock is $16,000.

Q's share in company H's stock = $16,000

There is no relation between x and Q's share given,

Thus, data is insufficient to find value of x.

Now, when we combined the data (1) and (2),

We still can not find the value of x.

Because, there are also other investors in stock H other than P and Q.

Hence, the data is inadequate to find total value of Company H's stock.

6 0
3 years ago
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