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castortr0y [4]
3 years ago
6

Oriole Company has old inventory on hand that cost $24750. Its scrap value is $33000. The inventory could be sold for $82500 if

manufactured further at an additional cost of $24750. What should Oriole do
Business
1 answer:
lara [203]3 years ago
6 0

Answer:

Manufacture further and sell it for $82,500

Explanation:

Profit in such case will be:

Sales amount                  $33,000

Less: Cost of Inventory   $24,750

Profit                                 $8,250

Process further and sell.

Profit will be:

Sales value:                              $82,500

Less: Further processing cost $24,750

Less: Cost of Inventory           $24,750

Profit on Inventory                   $33,000

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At the beginning of the year, Zinc Inc. estimated that overhead would be $115,000 and direct labor hours would be 23,000. At the
Basile [38]

Answer:

a. $ 900 underapplied

Explanation:

Based on the data provided we conclude that the factory overhead is applied on the basis of direct labour hours.

Determination of Overhead rate

Estimated overhead                                                             $ 115,000

Direct labour hours                                                                  23,000 hours

Overhead rate per direct labor hour is $ 115,000/ 23,000 = $ 5 per direct labor hour

Amount of applied overhead = Direct Labor hours * Overhead rate per hour

Applied Overhead = $ 5 * 35,000                                        $ 175,000

Actual Overhead                                                                    <u>$ 175,900</u>

Underapplied Overhead                                                        $(     900)

6 0
4 years ago
Can South Africa afford to have a totally free trade with the rest of the world?
kow [346]
No. Because if it does, our country will lose alot of money plus what if there are alot of goods.
4 0
4 years ago
Read 2 more answers
A​ monopoly's cost function is CQ and its the demand for its product is pQ where Q is​ output, p is​ price, and C is the total c
Elan Coil [88]

Answer:

The answer is "70 units".

Explanation:

In the given question some equation is missing which can be defined as follows:

C = 1.5Q^2+40Q\\\\P=320-0.5Q  

Monopolistic functions are used where Marginal Profit = Marginal Cost where marginal revenue and marginal cost stand for the MR and  MC.

Finding the value of MR :

\ MR = \frac{\partial TR}{\partial Q} \\\\

       = \frac{\partial PQ}{\partial Q} \\\\= \frac{\partial (320-0.5Q)Q}{\partial Q}

       = \frac{\partial (320Q -0.5Q^2)}{\partial Q}\\\\ = \frac{\partial Q (320 -0.5Q)}{\partial Q}\\\\  \ by \ solving \ we \ get \\\\ = 320 - Q...(1)

Calculating the value of the MC:

MC = \frac{\partial TC}{\partial Q} \\

        =\frac{\partial (1.5Q^2 + 40Q)}{\partial Q} \\\\=\frac{\partial Q (1.5Q + 40)}{\partial Q}\\\\ \ by \ solve \ value \\\\ = 3Q + 40....(2)

compare the above equation (i) and (ii):

\to 320 -Q = 3Q+40\\\\\to 320 -40 = 3Q+ Q\\\\\to 280 = 4Q\\\\\to  4Q =280 \\\\\to Q= \frac{280}{4}\\\\\to Q= 70 \\

8 0
3 years ago
Identify the features of stocks and bonds.
motikmotik
<h3>Answers:</h3><h2>(A) Face Value</h2><h2>(D) Maturity Date </h2><h3>Explanations:</h3>
  • Par value, in finance and accounting, suggests stated value or face value. From this come the words at par (at the par value), over par (over par value) and under par (under par value).
  • The maturity date is the date on which the principal value of a note, draft, receiving bond or another debt instrument becomes payable and is repaid to the investor and interest payments end. It is also the end or due date on which an instalment loan must be repaid in full.
6 0
3 years ago
Read 2 more answers
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges
jeyben [28]

Answer:

77%

Explanation:

Total debt to total capital ratio = Total liabilities / Total assets

Total debt to total capital ratio = $53,900 / $70,000

Total debt to total capital ratio = 0.77

Total debt to total capital ratio is the ratio of its total debt to its total capital, its debt and equity combined and it is use to measure a company financial solvency.

3 0
4 years ago
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