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Vinvika [58]
3 years ago
10

Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and b

enefits $120,000 $- Parts manager’s salary and benefits - 45,000 Office employee’s salary and benefits 30,000 15,000 Other overhead 15,000 40,000 Invoice cost of parts and materials - 400,000 Total budgeted costs $165,000 $500,000 The materials loading charge is 65% and the labor charge per hour is $47. Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. The total cost of the repairs is
Business
1 answer:
liraira [26]3 years ago
4 0

Answer:

Explanation:

Total cost of repairs:

Material = 3,500

Material loading charge = 3,500 * 65% = 2,275

Labor (45hrs* $47per hr) = 2,115

Thus, total cost =(3500 + 2275 + 2115) = $7,890

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If a company produces many different products, it will develop a standard cost for each type of product. true false
saveliy_v [14]

True. A company will develop a standard cost for each product type if it produces many different products.

The process cost system should be used when manufacturing is efficient and continuous. This system's equivalent units method successfully represents the challenging problem of determining how much work the Work in Process entails.

Process costing explains how to use the concept of equivalent units to assign manufacturing costs to the units produced. Businesses may create and market various goods, or at the very least, multiple versions of the same product. Most of the time, manufactured goods are connected in terms of consumption or production. The firm's output and pricing decisions must consider the relationships between the items when they are related.

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2 years ago
Luca's parents set firm rules but are responsive to his needs. They give him a chance to explain himself and also explain their
Zina [86]

Answer:

This is a typical super-protective parenting style. In my opinion this parent´s behavior is not positive and is out  of use. Nowadays parents try to talk more, explain dangerous to teens and give them some freedom to have a good time with friends.

Explanation:

6 0
3 years ago
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Which formula best describes the amount an insurance company will pay you for your loss?
Aleksandr-060686 [28]
A) Payment = Loss - Deductible
because you always need to pay your deductible so you won't get this amount of money back
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Without middlemen like Travelocity, Orbitz, and other travel Web sites, a consumer would have to check all airline Web sites in
wolverine [178]

Answer: The introduction of middlemen in business models is an example of REINTERMEDIATION.

Explanation: REINTERMEDIATION can be defined as the introduction of an agent acting as a mediator between a producer and the consumer.

An example can be a bakery that sells products directly adding retailer to help in the sale of their products. Which is also the case in the question whereby the travel websites are the intermediary between the airlines and the customers.

4 0
3 years ago
Crane Company incurs the following costs to produce 8500 units of a subcomponent: Direct materials $7140 Direct labor 9605 Varia
Temka [501]

Answer: Net income would increase by $6,230

Explanation:

Cost if offer is not accepted and Crane produces inhouse;

= 7,140 + 9,605 + 10,710 + 16,200

= $43,655

Cost if Crane accepts offer;

Crane could avoid $3,000 of fixed overhead = 16,200 - 3,000 = $13,200

Purchase price = 2.85 * 8,500 units = $24,225

Total cost = 24,225 + 13,200

= $37,425

Difference = 43,655 - 37,425

= $6,230

<em>Income would increase by $6,230.</em>

3 0
2 years ago
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