Answer:
The unit cost for materials and conversion is $17.08 and $13 respectively
Explanation:
The computation of per unit cost is shown below:
For material:
= (Material cost received + additional material cost) ÷ (equivalent units of material)
= ($7,000 + $78,400) ÷ (5,000 units)
= ($85,400) ÷ (5,000 units)
= $17.08
For conversion:
= (Conversion cost received + additional conversion cost) ÷ (equivalent units of conversion
= ($5,000 + $47,000) ÷ (4,000 units)
= ($52,000) ÷ (4,000 units)
= $13
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In order to write the proposal, i will first count all the expense that should be paid for using both off-site storage and the computerized system.
After that, i will compare the cost to the benefit that the department will get if we're changing into the computerized system (such as larger space, faster processing, more secure, etc)
Answer:
Direct labor rate variance= $2,525 favorable
Explanation:
Giving the following information:
Standard labor rate $15.50 per hour
Actual hours worked 10,100 hours
Actual total labor cost $ 154,025
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 154,025 / 10,100= $15.25
Direct labor rate variance= (15.5 - 15.25)*10,100
Direct labor rate variance= $2,525 favorable
The answer would be A. Shoes.
It is implied that a good has an inelastic supply if the supplier does not have a choice other than producing it despite the change in production cost. This would as well apply to the buyer, who needs the product no matter the pricing.No one can live without shoes, despite a spike in prices, we still need to buy them.