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4 years ago

A product that is very labor intensive assembled at Boyds Aero Structure in Memphis has an average labor cost of $20/hr.

Business

1 answer:

Nuetrik [128]4 years ago

4 0

Answer:

correct answer for learning curve percentage is A. 90%

Explanation:

given data

average labor cost = $20/hr

Time 1st unit = 10 hours

Time 4th unit = 8.1 hours

solution

we apply here formula for learning curve that is

Time (x) units = Time 1st unit × $x^{\frac{ln\ leaning\ rate }{ln\ 2}}$

time 4th unit = Hours 1st unit × $4^{\frac{ln\ leaning\ rate }{ln\ 2}}$

8.1 = 10 × $4^{\frac{ln\ leaning\ rate }{ln\ 2}}$

ln 0.81 = ${\frac{ln\ leaning\ rate }{ln\ 2}}$ × ln 4

solve it we get

learning rate = 90%

so correct answer is A. 90%

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Prepaid expenses are

sergiy2304 [10]

Answer:

The correct answer is letter "A": paid and recorded in an asset account before they are used or consumed.

Explanation:

A Prepaid Expense is an asset on the Balance Sheet. These expenses are paid in advance in full for goods that have not been received yet or services that have not been rendered still. For accounting purposes, the amount reported as a current asset decreases every month until the total amount of the prepaid expense is used up.

3 0

4 years ago

A business cycle can indicate that an economy is in a recession if:

Drupady [299]

Answer:

C the economy remains in a contraction for two quarters.

Explanation:

A recession is a period characterized by a decline in the level of economic activities. A decrease in the GDP value indicates the slowing down of economic activities. Should be GDP value decline for two or more consecutive quarters, the economy is said to be in a recession. Slowing down or decline in economic activities is referred to as contraction.

During a recession, the level of unemployment rises, demand for goods and services reduces, and income levels also decline. Recessions usually last between six to eighteen months. A prolonged recession results in depression.

3 0

3 years ago

Schultz Electronics manufactures two ultra high-definition television models: the Royale which sells for $1,580, and a new model

Sergio [31]

Answer:

Schultz Electronics

Royale Majestic

Cost per unit cost $971.35 $841.55

Explanation:

a) Data and Calculations:

Information about overhead for the year ended December 31, 2017.

Activity Cost Cost Drivers Estimated Expected Use Activity-Based

Pools Overhead of Cost Drivers O/H Rate

Purchasing No. of orders $1,261,700 40,700 $31/order

Machine

setups No. of setups 874,120 16,810 $52/setup

Machining Machine hours 5,440,500 120,900 $45/hour

Quality Number of

control inspections 872,900 30,100 $29/inspection

Total overhead costs $8,449,220

The cost drivers used for each product were:

Cost Drivers Royale Majestic Total

Purchase orders 17,600 23,100 40,700

Machine setups 14,510 2,300 16,810

Machine hours 75,300 45,600 120,900

Inspections 11,900 18,200 30,100

Allocation of overhead costs:

Cost Drivers Royale Majestic Total

Purchasing $545,600 (17,600*$31) $716,100 (23,100 *$31) $1,261,700

Machine setup 754,520 (14,510*$52) 119,600 (2,300*$52) 874,120

Machining 3,388,500 (75,300*$45) 2,052,000 (45,600*$45) 5,440,500

Quality Control 345,100 (11,900*$29) 527,800 (18,200*$29) 872,900

Total $5,033,720 $3,415,500 $8,449,220

Quantity 25,000 10,000

Overhead per

unit $201.35 $341.55

Cost per unit of each model, using ABC Costing Technique:

Royale Majestic

Direct materials $650 $420

Direct labor ($20 per hour) 120 100

Manufacturing overhead 201.35 341.55

($42 per DLH)

Total per unit cost $971.35 $841.55

6 0

3 years ago

Write a short essay about inventory control( involves kind of inventory reason and approach)

svlad2 [7]

<h3>Inventory Control</h3>

Inventory control is a process of maintaining the right amount of parts and products in stock to avoid shortages, overstocks, and other expensive problems that might arise in the future.

The purpose of inventory control is to reduce the number of slow-selling products that a company purchases and to increase the number of high-selling products that are purchased. As a result, businesses are able to save time and money. This is because they don't have to spend a lot of time and effort reordering goods that they don't really need, or receiving goods they don't actually need. As an additional benefit, these products are not stored in warehouses at all, which means that transportation costs are reduced and space is freed up for fast-moving finished goods, which is a further benefit.

It is critical to understand that using inventory control can help you avoid making rash decisions, as well as avoiding the pain and expense associated with overstocking your shelves. As its name suggests, inventory control helps you maintain control over your inventory level. This helps you make the best use of your resources and avoid product spoilage and obsolescence.

<em>Hope this helps :)</em>

6 0

2 years ago

For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the fol

Veseljchak [2.6K]

Answer:

Income Tax Expense (Dr.) $49,080,000

Deferred Tax Liability (Cr.) $49,080,000

Explanation:

Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate

Income Tax expense = ( $117,000,000 + $14,700,000 + $2,300,000 - $11,300,000) * 40%

Income Tax expense = $49,080,000

8 0

3 years ago