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3 years ago

Determine the total cost for this plan given the following forecast:

Business

1 answer:

goblinko [34]3 years ago

3 0

Answer:

Month

1 2 3 4 5 6

Units

Forecasted Demand 380 400 420 440 460 480

Regular Production 400 400 400 400 400 400

Overtime 0 0 0 40 40 40

Subcontracting 0 0 0 0 20 40

Inventory at end of month 20 20 0 0 0 0

Cost

Regular Production $10,000 $10,000 $10,000 $10,000 $10,000 $10,000

Overtime production cost $0 0 $0 $1,600 $1,600 $1,600

Subcontract cost $0 0 $0 $0 $1,200 $2,400

Inventory holding cost $300 $300 $0 $0 $0 $0

Total Cost $69,000

Explanation:

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A process cost accounting system is most appropriate when

mixer [17]

Answer:

When Manufacturing of a Product involves several processes.

Explanation:

When several processes are involved in manufacturing a product, costs need to be accumulated in these processing departments. Thus, A process cost accounting system is most appropriate

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3 years ago

Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and

NemiM [27]

You would get 20 basketballs at $30 and 30 basketballs at $20.

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2 years ago

Merging and milking brands are examples of? creating brand extensions. increasing brand loyalty. liquidating brands from a produ

kompoz [17]

Merging and milking brands are examples of creating brand extensions.

Brand extension refers to the process in which a firm markets a new product by using its established brand names. It is a way to take advantage of the company’s already established brand equity to increase the market and reach of the new product.

The assumption is that consumer loyalty, familiarity, brand popularity and reputation of the producer will ensure that the product is readily integrated into the market. Product extension can further help in expanding the reach of the product to new markets and consumer base, and increase overall profit margins as a result.

To learn more about brand extensions: brainly.com/question/13949619

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1 year ago

On March 31, 2018, Susquehanna Insurance purchased an office building for $11,700,000. Based on their relative fair values, one-

irakobra [83]

Answer:

2018:

building: 296,400

Furniture and fixtures: 270,000

Office Equipment: 340,000

Total: 906,400

Explanation:

11,700,000 1/3 to land: 3,900,000

11,700,000 2/3 to building: 7,800,000

Office Equipment: 204,000

Total: 11,904,000

Building depreciation: 

(historic cost - salvage value)/useful life

(7,800,000 - 7,800,000 x 5%)/25 = 296,400

As this is straight-line depreciation will be constant for both years.

Furniture and fixtures: double-declining

the assets depreciate at a rate double of straight line of the carrying value

carring value: 2/useful life

2018: 1,350,000 x 1/10 x 2 = 270,000

2019: (1,350,000-270,000) x 1/10 x 2 = 216,000

Office Equipment: double-declining

2018: 850,000 x 2/5 = 340,000

2019: (850,000 - 340,000) x 2/5 = 204,000

3 0

3 years ago

Ryan exchanged a car that he used in his business for the past 3 years for a new truck with a FMV of $25,000. This transaction t

alexandr1967 [171]

Answer:

The gain on the transaction is $5,500

Explanation:

Gain on Transaction = Fair Value of Truck - Cash Paid - Note Payable - carrying value of car exchanged

= $25,000 - $4,000 - $10,000 - ( $8,000 - $2,500)

= $25,000 - $4,000 - $10,000 - $5,500

= $5,500 Gain

3 0

3 years ago