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Scrat [10]
3 years ago
5

Q 24.9: Fisher Steel produces steel plates for manufacturing and construction. They generally use a static budget with the follo

wing costs based on 50,000 units per month: indirect materials, $105,000; indirect labor, $98,000; utilities, $14,000; supervision, $5,000; depreciation, $22,000. If Fisher wanted to create a flexible budget for 60,000 units, what value would they record for fixed costs
Business
1 answer:
Nat2105 [25]3 years ago
4 0

Answer:

$27000

Explanation:

In order to make flexible budget for 60000 units we need differentiate between fixed and variable cost.

The Variable cost consist of:

Indirect Labor = $98000

Indirect materials = $105000

utilities = $14000

The Fixed cost consist of :

Depreciation Expense = $22000

Supervision = $5000

Hence, Adding Depreciation expense + Supervision (22000+5000) gives the total value of $27000 for fixed cost.

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IgorLugansk [536]

Answer:

What share of U.S. total income in 2013 consisted of Wages and salaries?

The share = Wages and salaries /Total income * 100

The share = $8,868 / $16,800 * 100

The share = 0.5278571 * 100

The share = 52.79%

What share of U.S. total income in 2013 consisted of Corporate profits?

The share = Corporate profits /Total income * 100

The share = $1,686/$16,800 * 100

The share = 0.100357 * 100

The share = 10.03%

4 0
3 years ago
Pierce Company incurred $150,000 of research and development costs in its laboratory to develop a new product. It spent $20,000
mr Goodwill [35]

Answer:

A. $35,000

Explanation:

The first $150,000 were invested in research and development of the product itself, not the patent. Thus, this amount should be debited to research and development expenses.

The only expenses directly related to the patent itself are the $20,000 spent on legal fees on January 2, 2017, and the $15,000 for legal fees in a successful defense of the patent on July 31, 2017.

Therefore, the total amount that should be debited to Patents (P) is:

P = $20,000 + $15,000 = $35,000

8 0
4 years ago
This video speeds through over 10 common mistakes people make that leave them open to identity theft. list at least 5 of them he
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liraira [26]

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4 0
3 years ago
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tensa zangetsu [6.8K]
In such a case Shawn's company cannot and should not give out a dividend.

Since the company has just raised money, is growing and profitable and it is becoming hard to keep up with demand, this is the best time for the company to reinvest its profits to:

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2. Improve processes

3. Use the profits to invest in R&D

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So no dividend should be given since it can hamper the growth of a young company. The money should be used to grow the company for now and in the future all shareholders can enjoy good dividends.




8 0
3 years ago
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