Answer:
Standard production is more profitable.
Most profitable sales mix = 264,000 standard units (and 0 premier unit)
Explanation:
As per the data given in the question,
For standard product :
Contribution margin for every hour = 8 × $22
= $176
For premier product :
Contribution margin for every hour = 5 × $30
= $150
As, contribution margin of standard product is greater than premier product, Therefore, Logan company should employ all the production hours to produce only standard product to get the maximum profit.
Therefore, Most profitable sales mix = 33,000 hours × 8 unit per hour
= 264,000 standard units (and 0 premier unit)
The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the: Weighted average inventory method.
<h3>
What is Weighted average inventory method?</h3>
The COGS and inventory amounts are determined using a weighted average in the Weighted Average Cost (WAC) technique of inventory valuation in accounting. The weighted average cost method divides the price of the items up for grabs by the quantity of them. Under IFRS accounting as well as GAAP, the WAC approach is acceptable. Beginning inventory value plus acquisitions are used to compute costs of products that are offered for sale.
The number of units a business can sell, or the total number of units in inventory, is determined by adding the beginning inventory in units plus the purchases in units.
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Answer:
Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.
Explanation:
Answer:
b. decrease in the demand for the good.
Explanation:
An inferior good is a good whose demand falls when income increases and rises when income decreases.
A decrease in demand would lead to a leftward shift of the demand curve.
Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.
Only a change in the price of a good leads to movement along the demand curve for that good.
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Answer:
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1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor
2. Analysis of cost per set for Job 12:
Raw materials:
Electronic parts: 40 units at $20 per unit = $800
Plastic: 10 kilograms at $10 per kilogram 100
Labor hours: 60 hours at $25 per hour 1,500
Manufacturing overhead applied $10 per 600
labor hour
Total Cost $3,000
Divided by 30 sets = $100 per set
Explanation:
The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.