To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.
<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000
Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
Answer:
Reduction in work in progress = $7500
Explanation:
given data
time = 10 hours
time = 15 hours
worth = $1,500
to find out
reduction in work in process value
solution
we find work in progress by this formula
work in progress = Flow rate × Cycle Time .......................1
so Initial work in progress is
Initial work in progress = (1 per hour) × 10 hours = 10
and Final work in progress is here
Final work in progress = (1 per hour) × 15 hours = 15
so
Initial work in progress value = 10 × 1500
Initial work in progress value= $15000
and
Final work in progress value =15 × 1500
Final work in progress value = $22500
so
Reduction in work in progress = $22500 - $15000
Reduction in work in progress = $7500
Microeconomics is the study of the effects of changes to small individual decisions A) Is huge, study of the whole country. B) Is huge, nationwide production increase C) this effects just one industry. D) again huge, nationwide effects of interest rates on GDP. So C.
Answer:
Annual deposit= $2,803.09
Explanation:
<u>First, we need to calculate the monetary value at retirement:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {22,000*[(1.08^25) - 1]} / 0.08
FV= $1,608,330.68
Now, the annual deposit required to reach $1,608,330.68:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,608,330.68*0.08) / [(1.08^50) - 1]
A= $2,803.09
