1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yakvenalex [24]
3 years ago
6

Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the com

pany has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11,000 Insurance on factory building 1,500 Raw materials (plastics, polystyrene, etc.) 75,000 Utility costs for factory 900 Supplies for general office 300 Wages for assembly line workers 58,000 Depreciation on office equipment 800 Miscellaneous materials (glue, thread, etc.) 1,100 Factory manager's salary 5,700 Property taxes on factory building 400 Advertising for helmets 14,000 Sales commissions 10,000 Depreciation on factory building 1,500 Margin check figures provide key numbers to confirm that you are on the right track. Instructions
(a) Prepare an answer sheet with the following column headings. Product Costs Cost Item Direct Materials Direct Labor Manufacturing Overhead Period Costs Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns. DM $75,000 DL $58,000 MO $22,100 PC $25,100
(b) Compute the cost to produce one helmet. P1-2A Classify manufacturing costs into different categories and compute the unit cost. (LO 2), AP Bell Company, a manufacturer of audio systems, started its production in October 2017.
Business
1 answer:
melomori [17]3 years ago
5 0

Answer:

a)

Cost Item Direct       Direct             Manufacturing       Period

                       materials         labor               overhead               costs

Rent on                                                          $11,000

factory equip.

Insurance on                                                 $1,500

factory building

Raw               $75,000

materials                

Utility costs                                                    $900

for factory        

Supplies for                                                                                   $300

general office

Wages for                               $58,000

assembly line

Dep. on office                                                                                $800

equip.  

Miscellaneous                                                 $1,100

materials

Factory manager's                                          $5,700

salary

Property taxes                                                 $400

on factory building

Advertising                                                                                   $14,000

for helmets

Sales                                                                                             $10,000

commissions

Dep. on factory                                               $1,500

building

TOTAL            $75,000          $58,000           $22,100            $25,100

b) the cost to produce one helmet = total manufacturing costs / total output = ($75,000 + $58,000 + $22,100) / 10,000 helmets = $15.51

You might be interested in
The team-centered decision-making model is preferred when: relevant information and expertise is found in a few select individua
Law Incorporation [45]

Answer:

Participation is needed to obtain necessary commitment

Explanation:

Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.

During evaluation, risk, time and the efficiency of these alternatives are checked.

Team-centred decision making style is preferable when;

1. Relevant information and how to go about issues cannot be not properly arranged by one person

2. Participation is needed for commitment

3. Making one individual as the central power hurts the team

4. If an uncommon decision is to be made

8 0
3 years ago
Problem 2-15 (Algorithmic) Life Insurance (LO 2.8) Sharon transfers to Russ a life insurance policy with a cash surrender value
skelet666 [1.2K]

Answer:

$38,440

Explanation:

Calculation to determine How much of the proceeds, if any, is taxable to Russ

Face value of policy $74,400

Less: Cash Surrender value ($24,800)

Less: Premium paid ($11,160)

Taxable Proceeds $38,440

Therefore the taxable Proceeds are $38,440.

6 0
2 years ago
For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify
olga2289 [7]

Answer:

I have solved part a) because question contains only part a) however it has 3 more parts as well but that are not mentioned in the question. Part a) is explained below.

Explanation:

a) The distribution should be right skewed as most of the numbers lies at that side while using the median to correctly represent an observation in the distribution.

To represent the variability of the observations, interquartile range could be used. Since, there is a good number of expensive houses and this would increase the mean and standard deviation. So, it is better to use interquartile range to represent it, i.e. upper quartile for expensive houses, and lower quartile for less expensive houses and middle quartile for mid-range priced houses.

8 0
3 years ago
Consider the following statement: ''Real GDP is currently $17.7 trillion, and potential real GDP is $17.4 trillion. If Congress
Elena L [17]

Answer:

C. more than $300 billion.

Explanation:

As it is given that

Decrease in government purchase by $300 billion

Tax increased by $300 billion

Based on this we can interpret that if there is a more decrease in gross domestic product which leads to the decrease in government expenditure or the government tax is increased is because of multiplier effect as it shows the positive relationship between the spending and the final income

Therefore, the third option is correct

Hence, the above statement is false

6 0
3 years ago
In which of the following would cooperation be most likely to work in a repeated​ prisoners' dilemma​ game?
levacccp [35]

Answer:

Option C is correct.

<u> When the game will be repeated infinitely.</u>

Explanation:

The collaborations will undoubtedly work in a repeated​ prisoners' dilemma  game when the game will be rehashed infinitely.  

A rehashed detainees problem games alludes to a game technique wherein the game is either rehashed finitely or infinitely..  

The collaborations choose to work with boundlessly rehashed games by participating and embracing a socially ideal methodology.  

The principle point of cooperations is to expand their settlements in future and this is conceivable just through the selection of the interminably rehashed game system in which they need to co-work endlessly with different firms.  

As per this gaming procedure, if any of the Cooperation or firm digresses from the agreeable system, they will get decreased settlements in future.

8 0
3 years ago
Other questions:
  • Tonneau Corporation had the following information available for October 2018: Work in Process, October 1 $20,000 Materials place
    7·1 answer
  • If you are accused of a criminal act, you can substantially lower your legal costs by _____.
    12·2 answers
  • 'Nagia Steel Pvt. Ltd.' has divided the whole of its business into five departments. Now the
    10·1 answer
  • Laura and Leon were granted a divorce in 2013. In accordance with the decree, Leon made the following payments to Laura in 2018:
    8·1 answer
  • Kayak is a company that allows customers to efficiently search databases to find the best airline and hotel deals all over the W
    9·1 answer
  • If you need to keep track of a large number of published or scheduled messages sent to a variety of social networks, hootsuite _
    12·1 answer
  • The Garden Shop had a cost of goods sold of $108,000, operating expenses of $40,000, and net sales of $210,000. Find the cost of
    14·1 answer
  • A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change
    15·1 answer
  • According to a proper production function, if adding one unit of capital increases output by 10 units, adding an another unit of
    8·1 answer
  • A licensed real estate broker who shall by choice elect to work under the name and supervision of another individual broker or a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!