paper industry, chemistry industry, pharmaceutical industry, fashion industry, electronic industry
Answer:
Total unit cost= $736.5
Explanation:
Giving the following information:
Units in beginning inventory 0
Units produced 20,000
Units sold 17,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $160
Direct labor $470
Variable manufacturing overhead $58
Variable selling and administrative$25
Fixed costs:
Fixed manufacturing overhead $970,000
Fixed selling and administrative $570,000
Absorption costing:
Variable direct material= 160
Direct labor= 470
Variable manufacturing overhead= 58
Fixed MOH= 970000/20000= 48.5
Total unit cost= $736.5
Let us see how many cars had both of these 2 extras; since there were 78 cars with air conditioning and 56 with airconditioning only, we get that there were 22 cars with both of these features (automatic transmission/ air conditioning). If we add the cars that had only AC and the cars that had only AT, as well as the cars that had both, we get all the cars that satisfy the described event. This is equal to 56+46+22=124. Thus, the probability is given by 124/136=91.2%.
We could also claim that since 12 of the cars do not have any of the features, any of the remaining 136-12 cars would have at least one feature; hence the probability would be given by (136-12)/136 and we have obviously the same result.
Answer:
The correct answer to the following question will be "$43,303.34". The further explanation is given below.
Explanation:
The given value is:
Subscription price = $23 per share
Now,
First measure Net earnings per share
=
On putting the values in the above expression, we get
=
=
Current shares on sale =
Amount of rights required =
Share price would be ex-right:
=
On putting the values in the above formula, we get
=
=
= $
As we know,
The value of a right = Selling price per share - Ex-rights stock price,
=
= $
And the proceeds from the right to sell would be:
Number of shares × Value of a right
=
= $