Answer:
For now, it is better to keep producing in house. If demand increases, Pottery Ranch must outsource some of the production.
Explanation:
Giving the following information:
The variable manufacturing overhead is charged to production at a rate of 63% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $3.51 and $4.73, respectively. Normal production is 28,300 curtain rods per year.
A supplier offers to make a pair of finials for $13.20 per unit.
Fixed costs are a sunk cost, therefore it is not taken into account.
Make in house:
Unitary cost= 3.51 + 4.73 + (4.73*0.63)= $11,22
Outsource:
Unitary cost= 13.20
For now, it is better to keep producing in house. If demand increases, Pottery Ranch must outsource some of the production.
Answer:
480 inches (40 feet)
Explanation:
Studs are boards placed on walls so as to support the walls. Studs are used in framing the wall and they are vertical.
Studs are usually spaced on walls with wall framing at either 16 inches on center, 19 inches on center or 24 inches on centers.
Given that on center spacing = 16 inches, number of studs = 31
The length of the wall is given by the formula:
number of studs = (length of wall in inches / on center spacing in inches) + 1
Length of wall (inches) = (number of studs - 1) * on center spacing
hence:
Length of wall (inches) = (31 - 1) * 16 inches = 480 inches
Length of wall = 480 inches = 40 feet
The price-earnings ratio for Hennessey Chicken and Waffles would be 4.90
<h3>What is price-earning ratio(PE)?</h3>
PE ratio is known as the price per earnings ratio. It is the ratio of share price of a company to its earnings per share. The higher the PE ratio, the higher the prospects of higher future performance.
The Price/Earnings Ratio (P/E Ratio) can be calculated as:
= Market Value / Earnings per Share.
First, we need to calculate the net income
Net Income
= Sales x profit margin
= 594500 * 4%
= $23,780
Earnings per share
= (Net profits after taxes – Preferred dividends) / Number of shares of common stock outstanding
= ($23,780 - 0) / 2,750
= $8.65
Therefore,
P/E ratio :
= Market Value / Earnings per Share.
= $42.40 / $8.65
= 4.90
Hence, the price-earnings ratio would be : 4.90
Learn more about price-earnings ratio here: brainly.com/question/18802904
Answer:
None of the above
Explanation:
Given that the question is about Payment of $1,000 payables, then in a journal account, there will be a record of "Decreases in account payable $1,000; increases in cash $1,000"
Hence, considering the available options, the right answer to the question is "None of the above"
