All categories

4 years ago

EA2.

Business

1 answer:

motikmotik4 years ago

7 0

Answer:

$40

Explanation:

Overhead per machine hour = Overhead ÷ 250,000 machine hours

= $750,000 ÷ 250,000

= $3

Cost of each unit:

= Direct material + Direct labor + Overhead

= $14 + $20 + (machine hours per unit × Overhead per machine hour)

= $14 + $20 + (2 × $3)

= $40

Therefore, the cost of each unit produced is $40.

You might be interested in

Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that

Virty [35]

Answer: 21.32 per hour

Explanation:

Guitars produced each month = 100

considered good enough to sell = 82%

Remaining are scrapped = 18 %

Selling price of each guitar = $260

Each guitar requires = 10 labor hours

Each employee works an average = 160 hours per month

Labor is paid = $11 per hour

materials cost = $40 per guitar

overhead = $4,200

Therefore,

Number of guitars are good enough to sell = 82% of 100

= 82 guitars

Value of output = Number of guitars sell × Selling price of each guitar

= 82 × $260

= $21,320

Input in labor hours = Guitars produced each month × Labor hour employed in each guitar

= 100 × 10

= 1,000 hours

Labor productivity = $\frac{output}{input}$

= $\frac{21,320}{1,000}$

= 21.32 per hour

7 0

3 years ago

Joe Keho and Mike McLain share income on a 6:4 basis. They have capital balances of $90,000 and $70,000, respectively, when Lind

lions [1.4K]

Answer:

Joe’s Capital (existing partner) = $90,000

Mike’s Capital (existing partner) = $70,000

Profit-sharing ratio = 6:4

Admission of Linda (new partner) with bonus to existing partners:

$100,000 cash contributed for 25% share

So, implied value of partnership firm after admission = $100,000 / 25% = $400,000

However, actual value of partnership firm after admission will be = $90,000 + $70,000 + $100,000 = $260,000

Linda’s Capital in new partnership = 25% * $260,000 = $65,000

However, Linda is contributing $100,000

So, bonus accruing to existing partners = $100,000 - $65,000 = $35,000

Bonus to be split in profit sharing ratio

Bonus accruing to Joe = $35,000 * 6/10 = $21,000

Bonus accruing to Mike = $35,000 * 4/10 = $14,000

Joe'sCapital

$21,000

Mike'sCapital

$14,000

Lindia's Capital

$65,000

b. Admission of Linda (new partner) with bonus to the new partner:

$36,000 cash contributed for 25% share

So, implied value of partnership firm after admission = $36,000 / 25% = $144,000

However, actual value of partnership firm after admission will be = $90,000 + $70,000 + $36,000 = $196,000

Linda’s Capital in new partnership = $196,000 * 25% = $49,000

However, contribution by Linda= $36,000

So, bonus accruing to Linda = $49,000 - $36,000 = $13,000

Joe’s share in bonus to Linda = $13,000 * 6/10 = $7,800

Mike’s share = $13,000 * 4/10 = $5,200

Joe'sCapital

$7,800

Mike'sCapital

$5,200

Lindia's Capital

$49,000

6 0

3 years ago

“ She turned to her shoulder partner to make sure that she had all that was presented” This is a active sentence how do you turn

Tpy6a [65]

Answer:

A shoulder was turned towards her partner to make sure everything that was presented was taken by her.

Explanation:

In order to change the active sentences into passive sentences, the object in the active sentence is changed into the subject. For example in the above given example, the object is shoulder which is changed into the subject and then the sentence is formed accordingly.

So now it becomes "A shoulder was turned towards her partner to make sure everything that was presented was taken by her."

I hope the answer is helpful.

Thanks for asking.

7 0

4 years ago

Christian Wolff, an infamous accountant (and martial artist), is injured while shutting his computer desk drawer in his office a

elena55 [62]

Answer:

Explanation:

Whether or not workers compensation applies to this situation depends on the office policy regarding the proper closing of computer desk drawers.

6 0

3 years ago

What is the distinction between cross-sectional data and time-series data?

AleksAgata [21]

Answer:

B. Cross-sectional data provides information about economic behavior at an instant in time, while time-series data provides information about how an economic variable behaves over time.

Explanation:

There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.

4 0

3 years ago