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3 years ago

Costing the type of job costing

1 answer:

3 0

<h3>Answer: <em>To apply job costing in a manufacturing setting involves tracking which "job" uses various types of direct expenses such as direct labor and direct materials and then allocating overhead costs (indirect labor, warranty costs, quality control, and other overhead costs) to the jobs..</em></h3>

Explanation:

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Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and s

Amiraneli [1.4K]

Answer:

(a). Total variable Cost = $2,890,000

Total variable Cost Per Unit = $289

(b). Variable Cost Markup Percentage = 12.46%

(c). Selling Price Per Unit = $325

Explanation:

According to the scenario, computation of the given data are as follow:-

a). Total Fixed Cost = Selling and Administrative Expenses + Factory Overhead

= $140,000 + $350,000 = $490,000

Fixed Cost Per Unit = Total Fixed Cost ÷ Cost of Produced and Selling Units

= $490,000 ÷ 10,000 = $49

Total variable Cost Per Unit = Fixed Cost Per Unit + Variable Cost Per Unit

= $49 + $240 = $289

Total variable Cost = Cost of Produced and Selling Units × Total Cost Per Unit

= 10,000 × $289 = $2,890,000

b). Desired Profit = Invested Assets × 30%

= $1,200,000 × 30÷100 = $360,000

Variable Cost Markup Percentage = Desired Profit ÷ Total Cost

=$360,000 ÷ $2,890,000 = 0.1246 = 12.46%

c). Selling Price Per Unit = (1 + Variable Cost Markup Percentage) × Total Cost Per Unit

= (1 + 12.46%) × $289

= 1.1246 × $289

= $325

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3 years ago

1-Started business with Cash OMR 100000

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Finger enter me . Named asnumber 8

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2 years ago

Suppose the United States removes the sugar quotas and the market price of sugar drops. Since sugar is an input in chocolate, we

8090 [49]

Answer:

The consumer surplus will definitely increase.

Explanation:

The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.

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3 years ago

The town of Gracie has established a permanent fund to account for numerous significant gifts intended to maintain a cemetery in

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Answer: B. Restricted Fund Balance

Explanation:

A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.

The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.

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3 years ago

Jessica Adams is 21 years old and has just graduated from college. In considering the retirement investing options available at

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Answer:

The summary as per the given query is summarized in the explanation section below..

Explanation:

The given values are:

The nominal rate of return,

= 7%

i.e.,

= 0.07

Inflation,

= 4%

i.e.,

= 0.04

Lengthy-term inflation would lessen the return on investment that lowers the net return as long-term investments are made.
It can also aim to obtain a higher return that will comfortably exceed the rate of inflation and therefore is beneficial towards diminishing the average return.

Now,

The rate of return will be:

= $(\frac{1+ nominal \ rate \ of \ return}{1+Inflation}) -1$