Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>
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<h3>What are direct materials?</h3>
Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.
For example, the value of glass is an immediate substance cost in light bulb manufacturing.
Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>
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Answer:
(A) Fixed exchange rate regime
(B) Fixed exchange rate
(C) Flexible exchange rate
(D) Flexible exchange rate
Explanation:
(A) A fixed exchange rate regime signals a commitment not to engage in inflationary policies. NOTE: Inflationary policies are a type of monetary policies (the type used to pump money into the economy). See answer (D).
(B) A fixed exchange rate regime provides certainty about the value of a currency, for example, when the exchange rate between Philippine Pesos and Arab Emirate Dollars is fixed at 10PHP - 1AED, traders in this currency will be certain that at any planning time in business, investment or consumption, 10 PHP will be equal to 1 AED.
(C) Flexible exchange rate distorts incentives for importing and exporting goods and services. What are these incentives? On the government side, it is either the revenue that government makes from import tariffs and duties OR the subsidy that government pays on exported goods. On the importer/exporter side, it is the custom duties paid by importers on imported goods AND the subsidies enjoyed by exporters on exported products. A flexible exchange rate distorts or fluctuates these incentives.
(D) Flexible exchange rate enables policy makers to engage in monetary policy. Now, monetary policy is a tool used by ministers of finance or policy makers in every country; to regulate (increase or reduce or bring back to normal) spending and investment. If the exchange rate between or among countries were fixed, monetary policies would have limited application or usefulness when implemented. A flexible exchange rate encourages and enables engagement in or use of monetary policies.
Answer:
The contribution margin per unit is $5.1
Explanation:
The contribution margin per unit is the amount from selling price per unit after deducting all the related variable costs per unit. This is the amount that each product contributes towards covering the fixed costs.
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<u>Contribution margin per unit:</u>
Selling price per unit 18.7
<u>Less : Variable cost per unit</u>
Direct material (7.05)
Direct labor (3.5)
Variable manufacturing Overhead (1.65)
Sales commission (1.00)
Variable Admin expense <u> (0.40)</u>
Contribution margin per unit 5.1
Answer:
$9,000
Explanation:
1.Finishing’s departmental rate based on MH
= Finishing’s costs/Finishing’s machine hours
= $90,000/2,000 = $45 per MH
2.Cost assigned to Finishing based on MH
= Finishing’s departmental rate based on MH * Finishing’s currently used machine hours
= $45 per MH * 200 MH = $9,000
Therefore If the company uses a departmental overhead rate based on machine hours, $9,000 overhead cost will be assigned to Finishing this month
Answer:
The tremen's investment in Delany company is $3,162,500
Explanation:
Tremen's investment in Delany Company account would be as follows at year ended 31st December 2021
Initial investment value $3,090,000
Delany's net income $1,300,000
Dividends paid(4*$180,000) ($720,000)
Profits after dividends $580,000
Tremen's share 25%*$580,000*6/12 $72,500
year end balance of Tremen's investment $3,162,500
First of all, the total dividends is taken away from net income and a portion of the net income after dividend payment is added to Tremen's investment which reflects its percentage shareholding and the duration of investment of six months
