Which of the following best describes the primary reason for implementing a new information system, from a
1 answer:
You might be interested in
Answer:
$7,200
Explanation:
The computation of the total manufacturing overhead assigned is shown below:
= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368
= 375% per direct-labor dollar.
Now
= $514,368 ÷ 8,037
= $64 per DL hour.
And,
= $64 × 30 direct labor hours
= $1920.
So,
Manufacturing overhead is
= 1920 × 375%
= $7,200
Answer:
1. $1,821.76
2. 7.87%
Explanation:
We use the PMT formula that is shown in the attachment below:
Provided that
Present value = $75,200
Future value = $0
Rate of interest = 7.6% ÷ 2 = 0.6333333%
NPER = 48 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $1,821.76
2. Now the effective annual rate is
= (1 + APR ÷ number of months)^number of months - 1
= (1 + 7.6% ÷ 12)^12 - 1
= 7.87%
Answer: $903.13
Explanation:
The marginal cost should be $20 and not $2020
Given the following;
Marginal cost = $20
Q = 105 - 1P
Therefore ;
P = 105 - Q
Total revenue (TR) = Price(P) * Quantity(Q)
TR = (105 -Q)Q
Marginal revenue= 105 - 2Q
For optimal Monopoly;
MR = MC
105 - 2Q = 20
2Q = 105 - 20
Q = 85 ÷ 2
Q = 42.5
Therefore,
P = 105 - Q
P = 105 - 42.5 = 62.5
Social cost = area of triangle
Social cost = 0.5 * 42.5 * 42.5 =903.125
Social cost= $903.13
