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Lera25 [3.4K]
3 years ago
6

Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make

one handle bar of either type. During the most recent accounting period, Barr Company made 6,600 steel bars and 3,400 titanium bars. Setup costs amounted to $46,000. One batch of each type of bar was run each month. If a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
Business
1 answer:
alexdok [17]3 years ago
7 0

Answer:

Overhead cost allocated to steel bars = $4.6 \times 6,600 = $30,360

Explanation:

Provided information,

Two products manufactured

Steel Bars and Titanium bars

Number of hours = 1 hour each

Total units produced

Steel = 6,600

Titanium = 3,400

Total hours @ 1 hour for each = 6,600 + 3,400 = 10,000

Total Setup cost = $46,000

Cost per hour based on direct labor hours = $46,000/10,000 = $4.6

Overhead cost allocated to steel bars = $4.6 \times 6,600 = $30,360

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Given the following data:
DIA [1.3K]

Answer:

B.9.0%

Explanation:

The Return on investment (ROI) of any entity/corporation/firm  can be calculated using the following mentioned formula:

ROI=Net operating income/cost of investment

Assuming in this question

Cost of investment =average operating assets=$504,000

Net operating income=$45,360

ROI=$45,360/$504,000=9%

So based on the above discussion the answer is B.9.0%

6 0
3 years ago
Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2019 Christmas season and get married around
Tanzania [10]

Answer:

It would be better to get marry on 2019 that way they will saved in income taxes $138

Explanation:

We have to compare their two single taxable income

against marry filing jointly:

<u>Martina:</u>

15,000 - 12,200 standard deduction = 2,800

It willbe taxed at 10% = 280

<u>Raphael:</u>

45,000 - 12,200 standard = 32,800

It will be taxed 10% of 9,700 = 970

and 12% above: (32,800-9,700) x 12% = 2,772

total income tax for Raphael: 3,742

Total if married in 2020: 4,022

<u>Jointly:</u>

60,000 - 24,400 = 35,600 taxable income

it will be taxes at 10% for the first 19,400 = 1,940

and at 12% for the above: (35,600 - 19,400) x 12% = 1,944

Total: 3.884‬

Difference:

4,022 - 3,884 = 138

3 0
3 years ago
We can use the Cournot model to derive an equilibrium industry structure. For this purpose, we will define an equilibrium as tha
Nina [5.8K]

Answer:

a. long run equilibrium numbers of firms in the industry are 4

b. Output of each firm will be 16

Explanation:

Under cournot’s equilibrium, the cost function of an individual firm is written as:

C(q) = F + cq

In our case, C(q) is given as

C(q) = 256 + 20q

Therefore, F = 256 and c = 20

At the same time, the demand function is written as:

P(Q) = a - bQ

In our case, P is given as

P = 100 – Q

Therefore, a = 100, b =1

a. Long run equilibrium number of firms in the industry

N = ((a-c)/(bF)^0.5) – 1

N = ((100-20)/(1*256)^0.5) – 1

N = (80/16) – 1 = 4

Therefore, long run equilibrium numbers of firms in the industry are 4

b. Output of each firm will be q = (a-c)/b*(1+N) = (100-20)/1*(1+4) = 80/5 = 16

Therefore, total output of industry is 16*4 = 64

Price = 100-64 = 36

Profit = Revenue – Cost

Revenue of each firm = Price * Output = 36*16 = 576

Cost = 256+20*16 = 576

Therefore, profit = 0

5 0
3 years ago
Which of the following circumstances usually comes before a period of economic contraction?
erik [133]
C
A low GDP for two or more consecutive quarters is usually followed by economic contraction. 
8 0
3 years ago
Describe a social enterprise
adelina 88 [10]

A social enterprise is a  business that tries to solve

social problems, improve  people’s lives, or the environment.

Social enterprises are  businesses. They produce goods and services that earn money and  make profits like any business but they are working to make a  bigger difference, reinvesting  the profits they make to do more  good.

8 0
3 years ago
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