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2 years ago

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows:

Business

1 answer:

baherus [9]2 years ago

6 0

Answer:

$3.30 per pound

Explanation:

The computation of the variable cost portion of their cost formula is shown below:

= Product cost + wages + utilities cost

= $1.15 per pound + $1.95 per pound + $0.20 per pound

= $3.30 per pound

The above cost i.e product cost, wages, and the utilities cost are terms as the variable cost portion so all these three would be considered and others are ignored

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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

777dan777 [17]

Answer:

Results are below.

Explanation:

Match each of the following formulas and phrases with the term it describes.

A) (Actual Direct Labor Hours - Standard Direct Labor Hours) × Standard Rate per Hour

This is the formula for Direct labor time (efficiency) variance

B) (Actual Rate per Hour - Standard Rate per Hour) × Actual Hours

This is the formula for Direct labor rate variance

C) (Actual Price - Standard Price) × Actual Quantity

This is the formula for Direct materials price variance

D) (Actual Quantity - Standard Quantity) × Standard Price

This is the formula for Direct materials quantity variance

E) Standard variable overhead for actual units produced

Budgeted variable factory overhead

4 0

2 years ago

The chess club has a goal of 36 new members. so far they have 30. what percent of the clubs goal have they achieved

Harrizon [31]

83.333%
or 5/6 in a calculator. Please give me Brainliest answer. Thank you a bunch.

4 0

3 years ago

You must pick one of two wagers, for an outcome based on flipping a fair coin. 1. You win $440 if it comes up heads and lose

UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

Wager 1:

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

Wager 2:

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

4 0

2 years ago

Accounting systems that use standards for product costs are called budgeted cost systems. True False

Yuri [45]

Answer:

False.

Explanation:

Accounting systems that use standards for product costs are standard cost systems.

In Financial accounting, various business firms or companies use the standard cost systems to determine the variances or differences between the actual (real) cost of goods produced and the estimated cost for the goods that were produced by the company.

Hence, standard cost systems are used by business firms or companies as a strategic tool or technique for the management and control of costs, budget planning, and analyzing cost management performance at a specific period of time.

7 0

3 years ago

The management of Nebraska Corporation is considering the purchase of a new machine costing $490,000. The company's desired rate

ankoles [38]

Answer:

The payback period is more than 5 years

Explanation:

Net present value is the Net value of all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Year Cash flow PV factor Present Value

0 ($490,000) 1 ($490,000)

1 $40,000 0.909 $36,360

2 $10,000 0.826 $8,260

3 $120,000 0.751 $90,120

4 $90,000 0.683 $61,470

5 $180,000 0.621 $111,780

Net Present Value ($182,010)

NPV of this Investment is negative so, it is not acceptable.

Payback period

Total Net cash inflow of the investment is $440,000 and Initial investment is $490,000. This investment will take more than 5 years to payback the initial investment.

6 0

2 years ago