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hammer [34]
3 years ago
12

Micro Tech, Inc. made the following cash expenditures during current-year related to the development of a new technology which w

as patented at the end of the year:Materials and supplies used - $38,000R&D salaries - 120,000Patent filing fees - 3,000Payments to external consultants - 50,000Purchase of R&D equipment - 140,000
The equipment purchased has no future use beyond the current project. $10,000 of the materials and supplies used and $32,000 in salaries relate to the construction of prototypes. In its current-year financial statements, Micro Tech should report research and development expenses of:
a. $348,000b. $306,000c. $208,000d. $351,000
Business
1 answer:
lilavasa [31]3 years ago
3 0

Answer:

a.$348,000

Explanation:

Research & Development Cost=Materials and supplies+R&D Salaries+Consultant fees+purchase cost of equipment=38,000+120,000+50,000+140,000

=$348,000

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A long-term competitive advantage that is not easily to duplicate or surpassable by the competitors.

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The objectives of U.S. monetary policy are to achieve​ ______.
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Read 2 more answers
A.C. Tech Manufacturing Appliances manufactures three sizes of kitchen appliances: small, medium, and large. Product information
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Answer:

A.C. Tech Manufacturing Appliances

Product Models to produce first, if management incorporates a short-run profit-maximizing strategy:

                                                 Small      Medium     Large

Selling price                             $430       $610          $1,210

Variable cost                            $270       $280         $530

Contribution                            $160        $330         $680

Fixed Costs:

Fixed manufacturing                 $40         $170          $270

Fixed selling & admin                $70         $75            $140

Unit Profit                                   $50         $85            $270

Demand in units                         150         170              150

Total profit                               $7,500     $14,450      $40,500

Machine hours/unit                     60           60             150

Total machine hours required 9,000      10,200        22,500

Unit profit per machine hour   $0.83      $1.42         $1.80

If management incorporates a short-run profit maximizing strategy, given maximum machine hours available, it should first produce the large model.

Explanation:

The large model offers better contribution per unit, better profit per unit and in total, and most importantly better profit per unit of hour (major constraint).

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