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3 years ago

Beartowne Enterprises uses an activityminusbased costing system to assign costs in its autominusparts division.

Business

1 answer:

zysi [14]3 years ago

5 0

Answer:

Total manufacturing costs for Part 003 is:_________ $ 38625

Explanation:

Beartowne Enterprises

Activity Based Costing

We multiply the rate of of each activity with allocation base to get the indirect activity costs.

Total manufacturing costs for Part 003 is:_________

Materials Costs $ 8,000

Materials handling = 2,300 moves *$3.00/move= $ 6900

Assembling = 1,650 machine hours * $ 6.0= $ 9900

Packaging = 3,950 units * $3.50/finished unit = $ 13825

Total Manufacturing Costs $ 38625

Given Data

Part # # Produced Materials Costs # Moves Machine Hrs.

Part 001 1,450 $1,500 300 500

Part 002 5,500 $4,000 500 300

Part 003 3,950 $8,000 2,300 1,650

Activity . Indirect Activity Allocation Cost allocation rate

Est Costs base

Materials $55,000 Material moves $3.00/move

Assembling $195,000 Machine hours $6.00/machine hour

Packaging $70,000 # of finished units $3.50/finished unit

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Lasch Co. recorded a right-of-use asset of... I. Lasch Co. recorded a right-of-use asset of $200,000 in a 10-year operating leas

svet-max [94.6K]

Answer:

187, 450.00

Explanation:

Cost of the asset : $ 200,000.00

Interest rate at 10 %

Payment per year = 32,550.00

First year total amount due = 10% plus asset cost

= ($200,000x 10/100)= 200,000

=$20,000+200 000

=$220,000.00

After deduction = $220,000- 32, 550

=$ 187, 450.00

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4 years ago

Using the variable cost method, determine the selling price (rounded to the nearest dollar) for 30,000 units using the following

Brilliant_brown [7]

Answer:

c. $8

Explanation:

Calculation to determine the selling price

First step is to calculate the Markup percent

Markup percent= (90,000 + 150,000) / (30,000 x 15)

Markup percent = .533

Now let calculate the selling price

Selling price=533 x $15 per unit

Selling price= $8

Therefore the Selling price will be $8

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3 years ago

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither

DiKsa [7]

Answer:

a. Even though I was willing to pay up to $40 for a jersey sweater, I bought a jersey sweater for only $31.

Consumer Surplus;

= 40 - 31

= $9

When the amount that a consumer is willing to pay for something is more than the amount they actually pay, the difference is the Consumer surplus.

b. I sold a used laptop for $137, even though I was willing to go as low as $130 in order to sell it.

Producer Surplus

= 137 - 130

= $7

When the amount that a producer is willing to sell something for is less than the amount they actually sell it for, the difference is the Producer surplus.

c. I was willing to go as low as $130 in order to sell it A local store was having a sale on watches, so I bought a watch for my brother. Neither.

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3 years ago

The cob Douglas production function is given by Q(K,L)=AK^1.4*L^1.6

Alexeev081 [22]

Part a) The Cob Douglas production function is given as:

$Q(K,L)=AK^{1.4} L^ {1.6 } .$

To show that this function is homogeneous with degree 3, we introduce be a parameter, t.

$Q(tK,tL)=A(tK)^{1.4} (tL)^ {1.6 } .$

Using properties of exponents, we on tinder:

$Q(tK,tL)=At^{1.4}K^{1.4} t^ {1.6 }L^ {1.6 } .$

This implies that:

$Q(tK,tL)=t^{1.4} \times t^ {1.6 }(AK^{1.4} L^ {1.6 } )$

$Q(tK,tL)=t^{1.4 + 1.6}(AK^{1.4} L^ {1.6 } )$

Simplify the exponent of t to get;

$Q(tK,tL)=t^{3}(AK^{1.4} L^ {1.6 } )$

Hence the function is homogeneous with degree, 3

Part b) To verify Euler's Theorem, we must show that:

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L}=3AK^{1.4}L^{1.6}$

Verifying from the left:

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =K(1.4AK^{0.4} L^{1.6}) + L(1.6AK^{1.4} L^{0.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =1.4(AK^{1.4} L^{1.6}) + 1.6(AK^{1.4} L^{1.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =(1.4 + 1.6)(AK^{1.4} L^{1.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =3(AK^{1.4} L^{1.6})$

Q•E•D

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3 years ago

Digital assets encompass any computer-related resources that are owned by an organization if the assets were created on the comp

german

Answer:

The statement is: True.

Explanation:

Digital assets represent all the virtual creations of individuals made on computers within an organization. Digital assets are intangible, meaning they cannot be perceived with the senses but they are stored and displayed in servers (or the cloud) for its corporate use. Digital assets include illustrations, logos, presentations, reports, spreadsheets, e-mails, and websites, among others.

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3 years ago