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3 years ago

Compute the total manufacturing cost for a manufacturer with the following information for the month.

Business

1 answer:

Karo-lina-s [1.5K]3 years ago

8 0

Answer:

$78,500

Explanation:

Given;

Raw materials purchased = $32,400

Direct materials used = $53,750

Direct labor used = $12,000

Factory supervisor salary = $8,000

Salesperson commissions = $6,200

Depreciation expense—Factory building = $3,500

Depreciation expense—Delivery equipment = $2,200

Indirect materials = $1,250

Total manufacturing cost = $53,750 + $12,000 + $8,000 + $3,500 + $1,250

= $78,500

Depreciation expense—Delivery equipment and Salesperson commissions are elements of selling cost. Raw materials purchased is part of direct material cost.

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An employee has gross earnings of $1,200 and withholdings of $91.80 for social security and medicare taxes and $120 for income t

satela [25.4K]

Given the following parameters:

The employer pays the employee (gross earnings) – $1,200

The employer pays for social security and medicare taxes – $91.80

The employer pays for the Federal Unemployment Tax Act (FUTA) – $9.60

The employer pays for the State Unemployment Tax Act (SUTA) – $64.80

The total cost of this employee to the employer is the summation of all these costs
1,200 + 91.80 + 9.60 + 64.80 = $1366.20

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2 years ago

Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear

Serggg [28]

Answer:

A. $800

B. $1,000

C. a. The quantity of money demanded decreases as the interest rate rises

Explanation:

A. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 8%

Opportunity Cost for 8% interest rate=$8%*$10,000

Opportunity Cost for 8% interest rate= $800

Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 8% will be $800

B. Computation for the opportunity cost of holding the $10,000 as money if Interest Rate is 10%

Opportunity Cost for 10% interest rate =10%*$10,000

Opportunity Cost for 10% interest rate = $1,000

Therefore the opportunity cost of holding the $10,000 as money if Interest Rate is 10% will be $1,000

C. Based on the information given the previous analysis suggest about for money: THE QUANTITY OF MONEY DEMANDED DECREASES AS THE INTEREST RATE RISES.

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3 years ago

Consider a city of 200 people (100 rich and 100 poor) and two neighborhoods (100 people in each). Both groups generally prefer t

Mekhanik [1.2K]

Answer:

Explanation:

Step 1. Given information.

City of 200 people
100 rich, 100 poor.

Step 2. Formulas needed to solve the exercise.

P(poor) = 0.9x^2
P(rich)= 35x-0.1x^2

Step 3. Calculation and step 4. Solution.

P(poor) = p (rich)

0.9x2 = 35x - 0.1x2

1x2 = 35x

x = 35

x is the percentage of rich above 50%, thus there are 35% rich people above 50%.

P (poor) = 1102.5

P (rich) = 1102.5

The equilibrium premium is $1,102.5

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3 years ago

The cost of borrowing money is called _____. risk deposit interest

GaryK [48]

The cost of borrowing money is called the interest. Interest is what you pay to the loan company or lender when you borrow money from them. The interest is what they are charging when they give you money for a purchase now while you pay them back overtime.

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3 years ago

Read 2 more answers

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Alecsey [184]

Answer:

True

Explanation

seems right

6 0

2 years ago