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vodka [1.7K]
3 years ago
15

At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th

e direct material cost is $30 per unit of product. Direct labor cost is $40 per unit. During January, 600 units were produced. The total cost of the units made in January was:
Business
2 answers:
Studentka2010 [4]3 years ago
6 0

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

Bond [772]3 years ago
3 0

Answer:

The total cost of units made in January is $48,000

Explanation:

The total cost of the units made in January comprises of the direct material cost,direct labor cost as well as the production overhead cost,however, the total cost is analyzed and computed thus:

Direct material cost ($30*600)                             =$18,000

Direct labor cost ($40*600)                                   =$24,000

production overhead($64,000/6400*600)          =$6000

Total cost of the units made in January                 $48,000

The costs of the 600 units produced in the month of January is $48,000'

As per the overhead,since 6400 units would cost $64,000 in overhead,600 units would $64,000/6400*600=$6000

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Arisa [49]
Cloud computing services are paid for based on consumption. The business model is analogous to the utility, the rental car, or the hotel industries, where users don’t own any of the infrastructure (power/cars/rooms) and pay only for the services they consume on a monthly basis. Similar to the examples mentioned, cloud computing resources are available on-demand. That’s my three sentence synopsis of the business concept behind cloud computing, but I also see it as a technical change in the way IT resources are delivered and consumed.

Hope this helps!
8 0
2 years ago
Cycles de Oro produces 120,000 high-tek bikes a year and orders the brake assembly from IKON for $15.40 each. The order cost is
Ket [755]

Answer:

$3,412

Explanation:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{120,000}\times \text{\$84}}{\text{\$2.31}}}

= 2,954 units

The carrying cost is

= $15.40 × 15%

= $2.31

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 120,000 ÷ 2,954 units

= 40.62 orders

Now The total cost of ordering cost is

Ordering cost = Number of orders × ordering cost per order

= 40.62 orders × $ 84

= $3,412

3 0
3 years ago
The firm initially produced 500 pants and 700 shirts. If the firm decides to increase the number of shirts by 100 units, the opp
Scrat [10]
<span>If the firm decides to increase the number of shirts by 100 units, the opportunity cost will be 200 pants. If the firm is at point E and decides to increase the production of shirts by 500 units, the opportunity cost will be 400 pants.</span>
4 0
3 years ago
Read 2 more answers
Bank A has a higher ROA than Bank B. Both banks have similar interest income to asset ratios and noninterest income to asset rat
iren2701 [21]

Answer:

A) I only

Explanation:

We can conclude that bank A will be more profitable than bank B since ROA is a measurement of profitability, and if the banks are operating in a similar manner (both interest income to asset ratios and noninterest income to asset ratios are similar), then the bank with the highest ROA is the most profitable one.

8 0
3 years ago
Gillock, Inc. uses MACRS for its income tax return and the straight-line method for its financial statements. On January 1, Year
Sloan [31]

Answer:

A deferred tax liability will be reported on the balance sheet

b) trademark

as longterm assets refers to those assets that will not become cash within a one-year period

Explanation:

As the accounting makes the depreciaiton of the asset among 8 years

while the MACRS (depreciaiton for tax purposes) does it in 5 years

the company will pay lower income taxes now but, higher in the future

creating a tax liability as the tax relief occurs now.

Calculations:

Account Depreciation Expense

(cost - salvage value )/ useful life =

(130,000 - 10,000)/ 8 years = 8,000

Tax-purpose depreciation expense

130,000 x 20% = 26,000

There is a tax difference of (26,000 - 8,000) x corporate income tax

3 0
3 years ago
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