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4 years ago

Which of the following statements about investing is FALSE?

Business

1 answer:

hoa [83]4 years ago

7 0

Answer:

Investing is a guaranteed way to grow your money. FALSE (IT is not 100% guaranteed, as all money can be lost in failed investment)

Investing is best for long-term financial goals, like paying for retirement. TRUE

Investing is riskier than putting money in a savings account. TRUE

On average, investing money in the stock market earns a higher return than putting money in a savings account: TRUE

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TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of th

Rama09 [41]

The selling price of one unit of products less the variable manufacturing expenses is the contribution margin per unit. The amount that each sale contributes to covering fixed costs is known as the contribution margin per unit. It will show the profit per unit sold once the fixed costs have been paid.

<h3>How to find the Contribution margin per unit and Contribution margin per welding hour?</h3>

Computation of Contribution margin per unit (Assuming Direct Labor exists Fixed cost)

Manufactured

Purchased WVD drums WVD drums Bike frames

Selling price $233.00 $233.00 $344.00

Variable costs:

Direct materials $201.00 $52.10 $112.00

Variable manufacturing overhead $0.00 $1.35 $1.90

Variable selling and administrative $0.75 $0.75 $3.40

Total variable cost 201.75 54.2 $117.30

Contribution margin per unit $31.25 $178.80 $226.70

Computation of Contribution margin per welding hour

Manufactured

WVD drums Bike frames

Contribution margin per unit $178.80 $226.70

Welding hours per unit 0.4 0.5

Contribution margin per welding hour $447.00 $453.40

Ranking 2 1

To learn more about contribution margin per unit refer to:

brainly.com/question/15684424

#SPJ4

4 0

2 years ago

How to calculate the total cost of a car loan.?

ExtremeBDS [4]

I think u would add it like u would add anything else mabey

6 0

3 years ago

$159 per unit $205 per unit $166 per unit $292 per unit Olds Inc., which produces a single product, has provided the following d

ruslelena [56]

Answer:

Unit product cost= $204

Explanation:

Giving the following information:

Number of units produced 10,700

Variable costs per unit:

Direct materials $108

Direct labor $51

Variable manufacturing overhead $7

Fixed manufacturing overhead $417,300

Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.

First, we need to calculate the unitary fixed manufacturing overhead

unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit

Unit product cost= 108 + 51 + 7 + 39= $204

4 0

3 years ago

Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In

yawa3891 [41]

Answer: See explanation

Explanation:

1. The total, price, and quantity variances for materials will be:

Actual Production = 11250

Standard Quantity of Direct Material Required per unit = 8

Standard Quantity of Direct Material required (SQ) = 11250*l × 8 = 90000

Standard Price per Yard (SP) = 4.4

Actual Direct Material (AQ) = 90500

Actual Price per Pound (AP) = 4.15

Total Material Variance:

= (SP × SQ) - (AP × AQ)

= (4.40 × 90000) - (4.15 × 90500)

= 396000 - 375575

= 20425

Direct Material Price Variance:

= AQ × (SP - AP)

= 90500 × (4.40 - 4.15)

= 90500 × 0.25

= 22625 Favourable

Direct materials quantity variance:

= SP × (SQ - AQ)

= 4.40 × (90000 - 90500)

= 4.40 × -500

= -2200 Unfavourable

2. The total, price, and quantity variances for labor will be:

Actual Production = 11250

Standard Hours Required per unit = 1.2

Standard Hours required (SH) = 11250 × 1.20 = 13500

Standard Rate per Hour (SR) = 13.4

Actual Hours required (AH) = 14250

Actual Rate per Hour (AR) = 14.1

Total Labour Variance:

= (SR × SH) - (AR × AH)

= (13.40 × 13500) - (14.10 × 14250)

= 180900 - 200925

= -20025 Unfavourable

Dircet Labour RateVariance:

= AH × (SR - AR)

= 14250 × (13.40 - 14.10)

= 14250 × -0.7

= -9975 Unfavourable

Direct Labour efficiency variance:

= SR × (SH - AH)

= 13.40 × (13500 - 14250)

= 13.40 × -750

= -10050 Unfavourable

6 0

3 years ago

What is GDP? What is the current GDP of the United States? What is the current GDP of China? When do you think China will surpas

elena55 [62]

Answer:

1. The GDP is the total of all value added created in an economy. The value added means the value of goods and services that have been produced minus the value of the goods and services needed to produce them, the so called intermediate consumption.

2. 20.94 trillion USD (2020)

3. 14.72 trillion USD (2020)

6 0

2 years ago