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Lynna [10]
3 years ago
8

Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Dri

vers for the four activities are as follows:
Vaquero Vaquera
Cutting hours 4,000 5,400
Assembly hours 2,850 4,650
Inspection hours 945 2,430
Rework hours 150 450

Required:
Calculate the consumption ratios for the four drivers. Round your answers to two decimal places.

Activity Driver Vaquero Vaquera
Cutting hours
Assembly hours
Inspection hours
Rework hours
Business
2 answers:
RUDIKE [14]3 years ago
6 0

Answer:

Attached is the complete questions containing the missing variables:

The activity rates for each activity are stated thus:

Cutting activity rate =$24/cutting hour

Assembly activity rate =$40/ assembly hour

Inspecting activity rate =$20/ inspecting hour

Reworking activity rate=$75/reworking hour

Explanation:

Cutting activity rate =$225600/(4000+5400)=$24/cutting hour

Assembly activity rate =$300000/(2850+4650)=$40/ assembly hour

Inspecting activity rate=$67500/(945+2430)=$20/ inspecting hour

Reworking activity rate=$45000/(150+450)=$75/reworking hour

Obviously you did not include the overheads incurred for each activity in your question,but I have the overhead for each activity in the attached full question with which I computed the required overhead activity rates

Download xlsx
Hatshy [7]3 years ago
6 0

Answer:

                                 Vaquero               Vaquera

Cutting hours            42.55%                  57.45%

Assembly hours        38%                       62%

Inspection hours      28%                         72%

Rework hours         25%                           75%

Explanation:

The question is incomplete, it does not have total capacity for the four activities available but i will assume that the activities maximize consumption and shares it amongst themselves hence to get the consumption ratio from their total.

cutting hours 4000+5400 =<u> 9400</u>

Assembly Hours 2850 + 4650= <u>7500</u>

Inspection hours 945 + 2430= <u>3375</u>

Rework hours 150 + 450 =<u> 600</u>

consumption ratio = capacity per activity / total capacity per total activities

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Answer:

Total producer surplus= $30

Explanation:

Producer surplus is the difference between the price a seller is willing to sell and the market price or actual price at which the item is bought. The producer surplus is the additional benefit the seller gets from a sale.

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Marco is willing to sell at $15 hour

Kelly is willing to pay $30 per hour

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Answer:

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Your company is considering purchasing a machine for $270,000. This machine will bring revenues of $100,000 in the second year,
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Interest Rate = 6%

Net Present Value

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Year 3      $150,000        (1+6%)^-3                 $125,943

Year 4      $75,000          (1+6%)^-4                 <u>$59,407  </u>

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Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the LIFO cost
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Answer:

a) ending inventory:     11,850,000

   cost of goods sold: 25,200,000

  gross profit               25,200,000

b)

ending inventory:     1,800,000

cost of goods sold:  23,100,000

gross profit  50,400,000 - 23,100,000 =  27,300,000

Explanation:

5,200 at $600

4,100 at $700

6,200 at $800

purchase 29,000 at $900

-sold 28,000 grills

As we use LIFO we sale from the last purchase thus, 29,000 - 28,000 = 1,000 of this units are added as another layer for the inventory account

<em><u>ending inventory</u></em>

5,200 at $  600

4,100 at $   700

6,200 at $  800

1,000  at $  900

Total    $ 11,850,000

cost of good sold:

28,000 x $900 = $25,200,000

sales revenue

28,000 x 900 x 200% = $50,400,000

gross profit sales revenue less COGS

b) 5,200 at $600

4,100 at $700

6,200 at $800

<em>purchase 15,500 at $900 </em>

-sold 28,000 grills

we check how many layer deep we go:

28,000 - 15,500 at 900= 12,500

12,500  -  6,200  at 800=  6,300

6,300 - 4,100 at 700      =  2,200  at 600

<em><u /></em>

<em><u>Ending Inventory </u></em>

3,000 at $600 = $ 1,800,000

COGS:

15,500 x 900 + 6,200 x 800 + 4,100 x 700 + 2,200 x 600 = 23,100,000

3 0
3 years ago
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