1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elanso [62]
3 years ago
6

Seven Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be 100,

000 units of Product Fast. To produce these units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor.
Required:
Compute the estimates for a standard cost.
Business
1 answer:
Slav-nsk [51]3 years ago
8 0

Answer:

Unitary cost= $14

Explanation:

Giving the following information:

Production= 100,000

To produce these units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor.

<u>First, we need to calculate the total cost and then the unitary cost:</u>

Total cost= 600,000 + 800,000= $1,400,000

Unitary cost= 1,400,000/100,000= $14

You might be interested in
Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Free_Kalibri [48]

Answer:

Variable cost=$750,000

Fixed costs=  $13,000

Explanation:

Giving the following information:

The firm must purchase ​$60 in raw meat and pay ​$50 in wages for labor and ​$40 in fuel costs. Also, the firm rents a factory for ​$10,000 per month and makes ​3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.

Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000

Fixed costs= rent + packaging equipment= 13,000

7 0
4 years ago
Hammer Time Company sells hammers that it purchases at a cost of $5. Hammer Time sells the hammers for $15. Last year, it sold 1
emmainna [20.7K]

Answer:

The sales revenue would be 170,000 if Hammer Time implements the decrease in selling price.

This would generate a decrease of $10,000 in the sales revenue

Explanation:

Understanding the way sales revenue is generated:

Units Sold * Unit Price = $Sales Revenue

If the selling price drops to $10

and units sold increase by 5,000

(12,000 + 5,000) * ( 15 - 5 ) = 17,000 * 10 = 170,000

Comparing with the previous year:

12,000 * 15 = 180,000

This policy decrease the sales revenue which makes the business less profitable.

8 0
3 years ago
Which of the following is not a requirement of a practical fuel
Svet_ta [14]
Do you have a picture or something yes or no
3 0
3 years ago
Cullen Company has $235,000 in credit sales, and $164,200 in its Accounts Receivable at the end of the year. The company uses th
S_A_V [24]

Answer:

Net Realizablel Value of Account receivable = $142,850

Explanation:

Particulars                                                             Amount

Total Accounts Receivable                                  $164,200

- Pre-adjusted Uncollectable Account balance  $7,250

- Current Year Uncollectable Amount                 <u>$14,100   </u> ($235000*6%)

Net Realizable Value                                            <u>$142,850</u>

4 0
3 years ago
What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.
andrezito [222]

Answer:

about 12 percent

Explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • The following table shows a tool and die company's quarterly sales for the current year. What are sales for the first quarter of
    8·1 answer
  • For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. E
    9·1 answer
  • Joey sells a clock from his store through an online auction website. He has never met the buyer, Rod, and had no communication w
    10·1 answer
  • Friends, a convenience store, has recently begun to redesign and restock its stores to offer a more upscale environment with hig
    9·1 answer
  • 6. Despite multimillion-dollar investments, many IT organizations cannot respond quickly to evolving business needs. Also, they
    5·1 answer
  • Donald, a 40-year-old married taxpayer, has a salary of $55,000 and interest income of $6,000. He is an active participant in hi
    6·1 answer
  • 1. How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016? 2. Wh
    11·1 answer
  • In a free-market economic system if the consumers perceive the price
    7·2 answers
  • The three primary policy tools available to those officials in charge of our country's monetary policy are a reserve requirement
    12·2 answers
  • Under the terms of a net lease, a commercial tenant would usually be responsible for paying all of the following property expens
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!