Solution:
The total cost for the company is the sum of its fixed cost and variable costs.
Corporate expenditures that do not depend on the amount of goods or services provided by the company are fixed costs.
Variable costs are expenses that change when changes occur in the sum of the good or service produced by a company.
C(x) = 90000 + 100x
C(110) = 90000 + 100 ( 110 )
C(110) = 90,000 + 11, 000 = 101,000
It costs $101,000 to produce 110 bicycles.
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Answer:
B&T Company's factory overhead incurred for May is $8,890
Explanation:
Manufacturing overhead is all indirect costs incurred during the production process, includes indirect labor cost.
In B&T Company,
Factory overhead incurred for May = Indirect labor cost + property taxes on production facility cost + factory heat, lights and power cost + insurance on plant and equipment cost = $6,800 + $830 + $1,030 + $230 = $8,890
Answer:
$85.07
Explanation:
The computation of the current share price is shown below:
Year Dividend Terminal value Total cash flow PVIF at 9% Present value
1 $3.00 $3.00 0.9174 $2.75
2 $4.00 $4.00 0.8417 $3.37
3 $5.00 $5.00 0.7722 $3.86
4 $6.00 $6.00 0.7084 $4.25
5 $7.00 $102.00 $109.00 0.6499 $70.84
$85.07
The terminal value is
= 7 × 102% ÷ (9%-2%)
