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frutty [35]
3 years ago
12

Skolnick Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.40 Direct labor

$ 3.60 Variable manufacturing overhead $ 1.70 Fixed manufacturing overhead $ 112,000 Sales commissions $ 1.50 Variable administrative expense $ 0.50 Fixed selling and administrative expense $ 32,200 Required: a. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 7,000 units are produced, what is the total amount of indirect manufacturing costs incurred?
Business
1 answer:
hichkok12 [17]3 years ago
4 0

Answer:

Direct cost= $63,000

Indirect cost= $123,900

Explanation:

Giving the following information:

Direct materials $ 5.40

Direct labor $ 3.60

Variable manufacturing overhead $1.70

Fixed manufacturing overhead $112,000

<u>The overhead component of production is an indirect cost.</u>

Direct cost= (5.4 + 3.6)*7,000= $63,000

Indirect cost= (1.7*7,000) + 112,000= $123,900

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Keniey, a company that manufactures and supplies home appliances, launches a fully automatic advanced food processor that perfor
kkurt [141]

Answer:

C. Incremental Change

Explanation:

Incremental change is an innovation technique that focuses on making small-scale adjustments or improvements with a specific target or result in mind. The strategy focuses on changes that do not have a very significant effect on existing products, because of this innovation is guaranteed by current production methods are not radically altered and can still be used.

Incremental change based innovation would have more likelihood to succeed and be adopted than a radically new product that is very different from what consumers are used to. Keniey has introduced an innovation but by using incremental change, the users are still familiar with the functions and as such are encouraged to patronise.

As time goes on, Keniey will introduce more changes, one at a time until completely new food processor can be fully put in the market.

6 0
3 years ago
You received a signed broker-to-broker transfer initiation form (TIF) from an established customer desiring to transfer a specif
almond37 [142]

Your firm must submit the transfer instruction to the carrying member through the ACATS <u>A) Immediately.</u>

<h3>What is the Automated Customer Account Transfer Service (ACATS)?</h3>

The Automated Customer Account Transfer Service (ACATS) is a standardized and automatic system sanctioned by the Financial Industry Regulatory Authority (FINRA) that transfers financial securities in customers' accounts from one brokerage firm or bank to another.

Under the FINRA's Uniform Practice Code, a customer may transfer some or all of their securities.

Thus, the FINRA's Uniform Practice Code requires that your firm <u>immediately</u> forwards the TIF to the next broker.

Learn more about Financial Industry Regulatory Authority (FINRA) at brainly.com/question/8777317

#SPJ1

<h3>Question Completion with Answer Options:</h3>

What does FINRA's Uniform Practice Code require?

A) Immediately.

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C) within 3 business days.

D) within 2 business days.

4 0
2 years ago
A goal of physical distribution is to reduce ____ or how long it takes to complete a process. a. time standards b. processing ti
Serjik [45]

Answer:

c. cycle time

Explanation:

The cycle time is defined as the total time taken to complete a process or in other words time taken from the start of the process to the end of the process.

It is the total of the time time taken by the individual tasks to complete a process.

Hence,

The physical  distribution reduces the time taken for the same quantity in an individual process.

5 0
4 years ago
Watters Umbrella Corp. issued 20-year bonds 2 years ago at a coupon rate of 6.4 percent. The bonds make semiannual payments. If
kozerog [31]

Answer:

2.78%

Explanation:

The YTM formula is:

YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

  • coupon = $32
  • face value = $1,000
  • market value = $1,000 x 110 = $1,100
  • n = 18 x 2 = 36

YTM = {$32 + [($1,000 - $1,100)/36]} / [($1,000 + $1,100)/2] = $29.222 / $1,050 =  2.78%

5 0
3 years ago
Based on predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs. If
aleksley [76]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Based on the predicted production of 24,000 units, a company anticipates $300,000 of fixed costs and $246,000 of variable costs. The company produces 20,000 units.

There is no reason or information to determine any change in fixed costs.

Fixed costs= 300,000

Variable costs= (246,000/24,000)*20,000= $205,000

5 0
3 years ago
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