Answer: $130.69
Explanation:
Colgate made a Net Income of $167,000 in 2014 and sold 13,000 units.
Variable costs were $663,000 and fixed costs were $730,000.
Variable costs are to increase by $8 per unit and fixed costs by $35,000.
Price to sell at to maintain same profit as last year will be x
167,000 = 13,000x - (Old + New Variable cost) - ( Old + New Fixed Cost)
167,000 = 13,000x - (663,000 + (8* 13,000)) - ( 730,000 + 35,000)
167,000 = 13,000x - 767,000 - 765,000
167,000 = 13,000x - 1,532,000
13,000x = 1,699,000
x = 1,699,000/13,000
x = $130.69
Answer:
$16 increase on income
Explanation:
Cost of purchase - $125
Direct materials - $ 38
Direct labor - $ $50
Overhead - $ 75
Incremental variable cost -$21
Relevant cost = $(38 + 50 +21)= $109
Cost saved = $(125-109) = $16
It is cheaper to manufacture than buying.
Answer:
Yes they can be used to purchase goods or invest in a business.
Explanation:
Loans from formal channels like banks and government agencies are usually given for an specific purpose if you own a business or can be handed out for any type of personal use if you request them as an individual. This applies to developed and developing countries.
Loans from informal channels can also be used by a business, specially small businesses, and obviously personal use. Large businesses will probably not take a loan from an informal channel since the interest rates will probably be higher and the amounts will be too small. But even on developed countries, someone who has just graduated can ask his/her parents or a friend for a loan to start a small business or buy a car. Informal channels are based on personal relationships and even though they don't represent a large percentage of loans in developed countries, they also exist.
Answer:
Explanation:
Poverty Is the biggest enemy of education on every level. Poor students fall victim to health issues and lifestyle that hinder their ability to study or learn.
Education can help in eradication of poverty, those in poverty can only be benefit from education. Right education can lift people from poverty and can also improve their health issues, financial crisis, it can change their lives. It is the fact that poverty is both cause and effect of lack of access to education.
Lack of education causes many issues such as:
Poor health or nutrition deficiency is seen among people due to illiteracy.
Lack of education causes gender inequality.
lack of skilled labor and less productivity is seen.
Lack of opportunity as people are ignorant. Hence lifestyle is low.
These are some problems faced by the poors, as their common characterstics include - Nutritional deficiency, low standard of living, large size of family, unemployment.
“Education is not a way to escape poverty,it is a way to fight it” - J. Nyerere
I believe, it is not easy to explain the relation between poverty and education, yet I tried my best.
Thank you.
Answer and Explanation:
The computation is shown below:
a. The labor rate variance is
= actual labor cost - (standard rate × actual hours)
= ($131,340) - ($12.75 × 6,600 hours)
= $47,190 unfavorable
b. The labor efficency variance is
= (actual hours - standard hours) × standard rate
= (6,600 - (1,600 × 16) × $12.75
= $242,250 favorable
In this way it can be calculated and the same is to be considered and relevant