Answer:
$33,000
Explanation:
The calculation of the fixed cost and the variable cost per machine hour by using high low method is shown below:
Variable cost per hour = (High manufacturing overhead cost - low manufacturing overhead cost) ÷ (High machine hours - low machine hours)
= ($198,000 - $153,000) ÷ (110,000 hours - 80,000 hours)
= $45,000 ÷ 30,000 hours
= $1.5
Now the fixed cost is
= High manufacturing overhead cost - (High machine hours × Variable cost per hour)
= $198,000 - (110,000 hours × $1.5)
= $198,000 - $165,000
= $33,000
Answer:
$23.50 per share
Explanation:
The computation of the price per share after considering the stock dividend for the 6% is shown below:
= (Number of shares outstanding × market price per share) ÷ (Number of shares outstanding × 1 + stock dividend )
= (36,800 shares × $24.91) ÷ (36,800 shares × 1.06)
= $916,688 ÷ 39,008 shares
= $23.50 per share
Hence, the price per share is $23.50 per share
Answer:
the cost of goods sold to be recorded at January 14 is: $230 .
Explanation:
LIFO (Last in First out) method, assumes that the last goods purchased are the <em>first ones</em> to be issued to the final customer.
This means that valuation of inventory will begin using the value of the <em>earliest</em> goods purchased.
The Cost of goods sold is calculated as follows :
Cost of goods sold : 9 units × $14 = $126
13 units × $8 = $104
Total = $230
Answer:
the monitor role
Explanation:
As stated by Henry Mintzberg, managerial roles can be divided into three basic categories:
- informational roles: includes monitor, disseminator and spokesperson roles.
- interpersonal roles: includes figurehead, leader and liaison roles.
- decisional roles: includes the entrepreneur, disturbance-handler, resource-allocator and negotiator roles.
The monitor role requires the manager to seek out information related to the organization and industry, and monitor the organization's productivity and well-being.
