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Romashka-Z-Leto [24]
3 years ago
5

Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wag

es Machine operators $ 300,000 Selling and Administrative personnel $ 75,000 Materials used Lubricant for oiling machinery $ 25,000 Cocoa, sugar, and other raw materials $ 225,000 Packaging materials $ 190,000 Randall's direct materials amounted to:
Business
2 answers:
marishachu [46]3 years ago
5 0

Answer:

$225,000

Explanation:

Direct materials:

Cocoa, sugar, and other raw materials $225,000

Therefore Randall's direct materials amounted to: $225,000 because the Direct materials costs include the costs of materials that can be easily and conveniently traced to products, such as the $225,000 of cocoa, sugar, and other raw materials.

While The lubricant for oiling machinery in the amount of $25,000 and the packaging materials in the amount of $190,000 would be classified as indirect materials because they are not easily and conveniently traced to products.

polet [3.4K]3 years ago
4 0

Answer:

$225,000 is the direct material cost

Explanation:

Direct cost is the cost of materials used in the production that is traceable to finished product such the flour used in making  a loaf of bread,the cost of the flour is  a direct material cost as the flour is traceable to the finished product-bread.

In this instance, the cocoa ,sugar and other raw materials are easily traced to the finished product-  chocolate bar,hence the cost of cocoa,sugar and other materials,$225,000 is the direct material cost

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All of the following are determinants of demand elasticity EXCEPT a. whether the purchase of the product can be delayed b. wheth
yKpoI14uk [10]

Answer:

The correct answer is option d. whether the product has utility.

Explanation:

The demand elasticity is a concept that explains the elasticity of the consumer in terms of buying a product while its price rises.

All of the factors given in the question are a part of this concept except whether the product has utility.

The reason is that when a consumer buys something, the utility of that desire is not measured. If people have a high demand elasticity, they would buy the most priciest of things which have no utility  as such.

3 0
2 years ago
Question 6. (10 marks)
natka813 [3]

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8 0
3 years ago
You want to buy a new sports coupe for $75,200, and the finance office at the dealership has quoted you a loan with an APR of 7.
charle [14.2K]

Answer:

1. $1,821.76

2. 7.87%

Explanation:

We use the PMT formula that is shown in the attachment below:

Provided that

Present value = $75,200

Future value = $0

Rate of interest = 7.6% ÷ 2 = 0.6333333%

NPER = 48 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,821.76

2. Now the effective annual rate is

= (1 + APR ÷ number of months)^number of months - 1

= (1 + 7.6% ÷ 12)^12 - 1

= 7.87%

4 0
3 years ago
The owner of the business where you work has asked for your advice on restructuring the organization. You know that customer ser
ehidna [41]

Answer:

Flatter structures are appropriate for organizations that empower employees to solve customer problems.

Explanation:

These are the options for the question below;

✓A taller structure will improve the speed at which decisions are implemented.

✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.

✓With a tall structure, supervisors can avoid hearing about customer complaints.

✓A flatter structure will further centralize decision making.

From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.

Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making

.

4 0
3 years ago
Which of the following does the aggregate expenditure macroeconomic model seek to​ explain?   A. inflation B. the business cycle
horsena [70]

Answer:

B. the business cycle

Explanation:

Macroeconomics studies how an economy behaves, this means, how the markets work on a large scale by analyzing inflation, economic growth, DCP, etc.

I hope you find this information useful and interesting! Good luck!

4 0
3 years ago
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