What are the four types of costs that a business must consider in making business decisions

Flynn Industries has three activity cost pools and two products. It estimates production 2,000 units of Product BC113 and 1,000

cupoosta [38]

Answer:

Follows are the instructions to this question:

Explanation:

Given:

Configuration of machine = $\$16,000 \ \ \ \ 40 \ \ \ \ 25 \ \ \ \ 15$

Machine hours= $\$110,000 \ \ \ \ 5,000 \ \ \ \ 1,000 \ \ \ \ 4,000$

Order on Packing= $\$30,000\ \ \ \ 500 \ \ \ \ 150 \ \ \ \ 350$

We have to use the following formula in order to measure the expected production overhead rate:

Estimated overhead production rate= Total projected production expenses and for period/Total base allocation sum

Machine Configuration $=\frac{16,000}{(40+25+15)}= \frac{16,000}{80} =\$200 / \ setup$

Machining hour= $=\frac{110,000}{(5,000 + 1,000 + 4,000)} =\frac{110,000}{(10,000)}= \$11 / \ machine \ hour$

Packing $= \frac{30,000}{(500 + 150 + 350)}= \frac{30,000}{1000}= \$30/ \ order$

6 0

2 years ago

When entrepreneurs bring a new product to market or use a new production method, they are?

Tamiku [17]

Entrepreneurs are people who design, launch and run new businesses that are initially small with an aim of making profit. When entrepreneurs are bringing a new business or a new production method to the market they are innovating. Innovation is the process of implementing new idea or method of production in a business to create or increase value of a organization.

6 0

2 years ago

You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 equal annual installments. The first payme

EastWind [94]

The prize is really worth $1,006,512.21.

<h3>What is present value?</h3>

Present value is the sum of cash flows discounted at the rate of interest or the discount rate. The annual cash flows for the next 10 years = $1.5 million / 10 = 150,000

The present value can be determined using a financial calculator

Cash flow from year 1 to 10 = $150,000

Discount rate = 8%

Present value = $1,006,512.21

Here is the complete question: You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 an¬nual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent.

To learn more about present value, please check: brainly.com/question/25748668

3 0

2 years ago

You are 18 years old, opening your first savings account, and are considering three options: BANK A is not FDIC insured, has an

leonid [27]

Answer:bank b

Explanation:

6 0

3 years ago

You are the manager of a retail store. You believe the economy is in a recession and that sales for the month will be unusually

Schach [20]

Answer:

C) False consensus

Explanation:

False consensus refers to the trust what one feel regarding other and think as similar for other person as he thinks. Also in this the opinions of the other persons would not be considered

Since in the question it is mentioned that the majority of the other store managers would feel the same way so here the false consensus would be applied

hence, the correct option is c.

4 0

2 years ago