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3 years ago

Ply-Disc makes Frisbee-type plastic discs. Each 12 inch diameter plastic disc has the following manufacturing costs

Business

1 answer:

Fudgin [204]3 years ago

6 0

Answer:

The total budgeted cost of units produced $1,425,000

Explanation:

Total unit cost includes all the manufacturing costs like material, labor and overhead. It is used to calculating the inventory value.

As there is no beginning and ending inventory of work in process. The given beginning and ending inventory is Finished goods inventory.

Beginning Inventory = 16,000 units x $4.75 per unit = $76,000

Total Budgeted cost =

Unit produced = 300,000 units

Cost of Goods sold Budget

Direct material $501,000

Direct labor $168,000

Variable overhead $216,000

Fixed overhead $540,000

Total Manufacturing cost $1,425,000

Add: Beginning Finished goods inventory $76,000

Less: Ending Finished goods inventory $147,250

Cost of Goods Sold $1,353,750

Workings:

Direct material = $1.67 x 300,000 units = $501,000

Direct labor = $0.56 x 300,000 units = $168,000

Variable overhead = $0.72 x 300,000 units = $216,000

Fixed overhead = $1.80 x 300,000 units = $540,000

Total Budgeted cost = $501,000 + $168,000 + $216,000 + $540,000 = 1,425,000

Ending Finished goods inventory = Beginning Finished goods inventory + Production in the period - Sales in the period = 16,000 + 300,000 - 285,000 = 31,000 units

Value of Ending Finished goods inventory = 31,000 units x 4.75 = $147,250

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Tom can solve 10 math problems or write 2 short stories in an hour. Susan can solve 15 math problems or write 2 short stories in

sdas [7]

Answer: A) The absolute advantage is the ability of a person, company or country to produce a good, having to use less production factors than another. Therefore Susan has an absolute advantage in math.

B) The basis for trade between Susan and Tom is that Susan should devote herself to specializing in solving math problems since she is more efficient at it, and Tom must write stories.

C) First the opportunity costs must be taken into account:

For Susan 7.5 mathematical problems = 1 story.

For Tom 5 math problems = 1 story

In this way Tom has the possibility of changing Susan 1 story for between 5 and 7.5 math problems and if Susan changes 6 math problems for 1 story.

Susan would have 9 math problems and 1 story which she wouldn't be able to get by herself.

5 0

3 years ago

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the b

erastovalidia [21]

Answer:

B. $124,000

Explanation:

The balance for Maxwell's capital account will be $124,000 i.e the total Market value of the building he is investing minus the mortgage that is supposed to be paid by the partnership.

$180,000 - $ 56,000 = $124,000

3 0

4 years ago

On the basis of the following production possibilities tables for two countries, North Cantina and South Cantina.

insens350 [35]

Answer:

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

To determine which country has a better technology in production, the opportunity cost has to be calculated. The country with the lower opportunity cost has the better technology

At point B for North Cantina:

The opportunity cost of producing one 4 units of capital good = 10/4 = 2.5 units of consumer goods

The opportunity cost of producing 10 units of consumer good = 4/10 = 0.4 units of capital goods

At point B for South Cantina

The opportunity cost of producing one 4 units of capital good = 8/4 = 2units of consumer goods

The opportunity cost of producing 8 units of consumer good = 4/8 = 0.5 units of capital goods

South Cantina has a lower opportunity cost in the production of capital goods while North Cantina has a lower opportunity cost in the production of consumer goods

3 0

3 years ago

Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation

Anarel [89]

What are you asking in this question I’m just confused, could you write it in the comments

4 0

3 years ago

Sugarcane is vulnerable to the cane beetle, which can substantially reduce crop yields. Suppose that a new beetle‑resistant spec

Vanyuwa [196]

Answer:(1) Decrease (2) Increase (3) Decrease (4) Decrease (5) Not chanhe

Explanation: This tries to describe a free market economy,where price, quantity demanded and quantity supplied are influenced by the market forces. The improved productivity of the Sugarcane which is a major raw material for sugar production is increased,the cost of production of Sugarcane will decrease as productivity increases,the quantity supplied to the market will increase leading to decreased price for all sugar value chain. The price for Honey a sweetener will also decrease responding the increased demand for sugar but the price for textile will not change because it is not a substitute for sugar.

5 0

3 years ago