Answer:
a. The total manufacturing cost assigned to Job 313 is $49,600
b. The unit product cost for Job 313 is $32
Explanation:
a. The computation of the total manufacturing cost is shown below:
= Direct materials cost + direct labor cost + overhead cost
= $27,656 + $10,400 + 111% of direct labor cost
= $27,656 + $10,400 + $11,544
= $49,600
b. The formula to be used for calculating the unit product cost which is shown below
= Total manufacturing cost ÷ number of units produced
= $49,600 ÷ 1,550 units
= $32
Answer:
Using credit will cost Bill more money over time.
Using credit may tempt Bill to buy more than he can afford.
Operational plans.
These are plans that spell out the processes and tactics that each department will use to achieve its goals
Answer:
hurt, benefit
Explanation:
The basis in a future contract is defined as the difference between the spot price of the asset in the cash market and the price of the same assets future contract.
A short hedge is an investment strategy that is used to protect hedge, against the risk of future decline in asset price or basically to hedge against potential losses by selling at a determined rate. This means that when one is in possession of a commodity and in order to protect against a decline, in the market, you sell (go short) the future contract , while long hedge is when you anticipate a need for the underlying commodity in the future. It means that to protect against an increase in the market price, you buy (go long) the future contract. Then when you are ready to buy the commodity, any increase in the market price is offset by your gain on the future contract.
The above means that where an asset and a contract are liquidated before due dates , there would be basis risk hence both the future and spot price need not move in lockstep before delivery date. This means that a decrease in the basis will benefit the short hedger and hurt the long hedger.
