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meriva
3 years ago
7

Castillo​ Corporation, a​ manufacturer, reports costs for the year as​ follows: Direct Materials Used $ 540,000 Wages to Line Wo

rkers 470,000 Office Rent 29,000 Indirect Materials Used 575,000 How much is the total period costs for​ Castillo?
Business
1 answer:
OLEGan [10]3 years ago
4 0

Answer:

$29,000

Explanation:

Given that,

Direct Materials Used = $540,000

Wages to Line Workers = 470,000

Office Rent = 29,000

Indirect Materials Used = $575,000

The direct material used, wages to line workers and Indirect material used are  the product costs for the Castillo​ Corporation. Hence, they are not considered as the period costs.

Therefore, the office rent is considered as the period cost for Castillo because it is associated with the time period.

Period cost = office rent = $29,000

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Smith Company gives the following information on the financial statements: Net Income $50,000 Preferred Dividends 8,000 Average
ch4aika [34]

Answer: The rate of return on common stockholder’s equity is 23%.

Explanation:

Given that,

Net Income = $50,000

Preferred Dividends = 8,000

Average Common Stockholder’s Equity = 180,000

Average number of Common Shares Outstanding = 250,000 shares

Market Price = $2 per share

Therefore,

Return on equity = \frac{Net\ income - Preferred\ Dividends}{stockholder\ equity}

=  \frac{50000 - 8000}{180000}

= 23%

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3 years ago
Why do companies offer health and wellness programs to their employees?
Sholpan [36]

Answer:

Cause if they get hurt they don't want to be in a court case

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3 years ago
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4 years ago
An aircraft factory manufactures airplane engines. The unit cost (the cost in dollars to make each airplane engine) depends on t
nataly862011 [7]

Answer:

Incomplete question

Complete question:

An aircraft factory manufactures airplane engines. The unite cost C ( the cost in dollars to make each airplane engine) depends on the number of engines made. If x is the number of engines made, then the unit cost is given by the function C(x)=0.8x^2-160x+26848. What is the minimum unit cost? not rounded

Answer: $18848

Explanation:

Since we have the function

C(x) = 0.8x²-160x+26,848

Firstly, we differentiate

C'(x) = 1.6x - 160

The minimum cost will occur where x = 100.

The vertex of a parabola (quadratic equation) occurs where X = -b/2a, in this case we have that

X = 160/(2×0.8) = 100

Therefore, we substitute x = 100 into the original equation

We have that

C(x) = 0.8(100)²-160(100)+26848

C(x) = 8000-16000+26848

C(x) = $18848

8 0
3 years ago
Which of the following is not a source of funding
Snezhnost [94]

Answer:

Correct option is

C. Issue of bonus shares

By source of funds we mean that money is coming in the business. In the given question all of them are sources of funds except issue of bonus shares. The company issues bonus shares out of its own reserves and hence there is no money received by the company for such shares. Rest all being sale of fixed assets, issue of share capital and issue of shares for consideration other than cash are a part of sources of funds.

4 0
3 years ago
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