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irga5000 [103]
3 years ago
8

K-Too Everwear Corporation can manufacture mountain climbing shoes for $13.5 per pair in variable raw material costs and $13.44

per pair in variable labor expense. The shoes sell for $102 per pair. Last year, production was 160,000 pairs. Fixed costs were $900,000.
What were total production costs?
Business
2 answers:
Alborosie3 years ago
8 0

Answer:

Production costs= $4,310,400

Explanation:

Giving the following information:

$13.5 per pair in variable raw material costs and $13.44 per pair in variable labor expense.

<u>The production costs are the sum of direct material, direct labor, and variable overhead.</u>

Production costs= (13.5 + 13.44)*160,000= $4,310,400

aniked [119]3 years ago
6 0

Answer:

$4,310,400

Explanation:

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Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Compu
nasty-shy [4]

Answer:

if YTM at 4% price :  $2,902.1237

if YTM at 8% price :  $1,788.0448

The bonds are above face value asthey offer a higher coupon payment than the market yield therefore the bond holders are willing to pay above theri face value

Explanation:

the market price of the bond will be the present value of coupo payment and maturity:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 150.000

time 30

rate 0.04

150 \times \frac{1-(1+0.04)^{-30} }{0.04} = PV\\

PV $2,593.8050

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   30.00

rate  0.04

\frac{1000}{(1 + 0.04)^{30} } = PV  

PV   308.32

PV c $2,593.8050

PV m  $308.3187

Total $2,902.1237

No we repeat the process with the yield at 8%

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 150.000

time 30

rate 0.08

150 \times \frac{1-(1+0.08)^{-30} }{0.08} = PV\\

PV $1,688.6675

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   30.00

rate  0.08

\frac{1000}{(1 + 0.08)^{30} } = PV  

PV   99.38

PV c $1,688.6675

PV m  $99.3773

Total $1,788.0448

7 0
3 years ago
O’Bryan Company began the year with a balance of $18,000 in Salaries and Wages Payable and ended the year with $11,000 in the ac
Sidana [21]

Answer:

cash payments for salaries and wages = $98,000

correct option is $98,000

Explanation:

given data

began salaries payable = $ 18,000

closing salaries payable = $ 11,000

Entity incurred expense = $ 91,000

to find out

O’Bryan will report cash payments for salaries and wages

solution

we get here cash payments for salaries and wages that is express as

cash payments for salaries and wages = began salaries payable - closing salaries payable +  Entity incurred expense     ..................1

put here value we get

cash payments for salaries and wages = $18000 - $11000 + $91000

cash payments for salaries and wages = $98,000

correct option is $98,000

8 0
3 years ago
You can locate magazine articles about specific careers in the:
AleksAgata [21]
You can find them in the <span>Readers' Guide to nPeriodic Literature.

Hope this helps..</span>
5 0
3 years ago
Gibson company began august with 200 units of product br having a unit cost of $8 in inventory. relevant information is listed a
In-s [12.5K]

ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month.

Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.

7 0
3 years ago
These are selected account balances on December 31, 2014:Land $100,000Land (held for future use) $800,000Buildings $800,000Inven
Fantom [35]

Answer:

The total amount of property, plant, and equipment that will appear on the balance sheet is $$1,950,000

Explanation:

The computation of the total amount of fixed assets are shown below:

= Land + Land (held for future use) + building + equipment + furniture - accumulated depreciation

= $100,000 + $800,000 + $800,000 + $450,000 + $100,000 - $300,000

= $1,950,000

The inventory is a current assets so it would not be included while computing the total value of the fixed assets.

6 0
3 years ago
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