Products is a manufacturer of large flower pots for urban settings. The company has these standards: LOADING...(Click the icon
to view the standards.) Requirements 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. 2. Determine the standard cost of one flower pot. Requirement 1. Compute the standard cost of each of the following inputs per pot: direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. (Round your answers to the nearest cent.) ▼ x = Standard cost of input
1 answer:
Answer and Explanation:
The computation is shown below:
1. The standard cost for each one is as follows
For Direct materials, it is
= 9.6 pounds × $4.55 Per pound
= $43.68
For Direct labour, it is
= 1 hour × $15.80 per hour
= $15.8
For Variable manufacturing overhead, it is
= 1 hour × $3.40 per hour
= $3.40
For Fixed Manufacturing overhead, it is
= 1 hour × $6 per hour
= $6
2. The standard cost of one flower pot is shown below:
= $43.68 + $15.80 + $3.40 + $6
= $68.88
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The question is incomplete. The complete question is :
On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is deposited. At time t, in years, (4/12 < t < 1) the value of the fund has increased to 62,000 and 10,000 is withdrawn. On January 1 of the next year, the investment account is worth 55,000. The approximate dollar-weighted rate of return (using the simple interest approximation) is equal to the time-weighted rate of return for the year. Calculate t.
Solution :
It is given that :
Worth of investment account on 1st Jan = 50,000
Worth of investment account on 1st Jan next year = 55,000
New principal deposited = 8000
Therefore the interest earned = 55,000 - 50,000 - 8,000 + 10,000
= 7,000
Therefore,
= 0.13667
7000 = 0.13667(55,333.33 - 10000 + 10000t)
= 0.5885
Thus, time - weighted rate of the return = 0.5885