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Jlenok [28]
3 years ago
12

Direct materials inventories are kept in pounds for Cat Company, and the total pounds needed for production in the current perio

d is 14,000. If the beginning inventory is 2,000 pounds and the desired ending inventory is 2,500 pounds, how many total pounds should be purchased.
Business
1 answer:
pychu [463]3 years ago
8 0

Answer:

Purchase= 14,500 pounds

Explanation:

Giving the following information:

the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds

Desired ending inventory= 2,500 pounds

To calculate the direct material purchase, we need to use the following formula:

Purchase= direct material for the period + desired ending inventory - beginning inventory

Purchase= 14,000 + 2,500 - 2,000

Purchase= 14,500 pounds

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Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th
Ket [755]

Answer:

The correct answer for option (a) is $3,080 and for option (b) is $2,141.

Explanation:

(a). Current pay = $44

After 40 hours, Pay = $44 × 1.5 = $66

So, we can calculate the gross pay by using following formula:

Gross pay = (40 hours × $44 ) + (20 hours × $66)

= $1,760 + $1,320

= $3,080

(b).

Security Tax = Gross pay × 6% =  $3,080 × 6% = $184.8

Medicare Tax = Gross pay × 1.5% =  $3,080 × 1.5% = $46.2

Federal Income Tax = $708

So, we can calculate the net pay by using following formula:

Net Pay = $3,080 - $184.8 - $46.2 - $708

= $2,141

3 0
3 years ago
At work, no one can find the digital version of a 20-page document that needs to be revised. you save the day by using a scanner
VladimirAG [237]
The answer to this question is scanning software.
In order to transform a paper document into a digital form, you need both scanning hardware and scanning software.
Scanning software will transform the document into bits and usually will give some features such as enlarging the image, change some part of the text, etc.
6 0
3 years ago
Read 2 more answers
Epsilon Co. can produce a unit of product for the following costs:Direct material $7.70Direct labor 23.70Overhead 38.50Total cos
Lesechka [4]

Answer:

Make since the relevant cost to make it is $58.35

Explanation:

\left[\begin{array}{cccc}&$produce&$buy&$Differential\\$Purchase&-&-62.35&-62.35\\$Manufacturing Cost&-58.35&-&58.35\\$Allocate Cost&-11.55&-11.55&-\\$Total Cost&-69.9&-73.9&-4\\\end{array}\right]

<u></u>

<u>The manufacturing cost will be:</u>

direct material 7.70

direct labor    23.70

Overhead 38.5 x 70% = 26.95

Total manufacturing cost 58.35

Allocated cost 11.55

The purchase cost is higher than our manufacturing cost of 58.35

It is better to make the unit.

The purchase option generates a differential loss for $4

7 0
3 years ago
A diversification strategy should enable a company or its individual business units to create value in the value chain to:
DENIUS [597]

A diversification strategy should enable a company or its individual business units to create value in the value chain to: establish differentiation and increase pricing options.

7 0
3 years ago
Draw an indifference curve that shows the diminishing marginal rate of substitution. Label it IC. Draw a point on the indifferen
Hunter-Best [27]

Answer & Explanation :

Indifference Curve is a graph showing product combinations, that give consumer the same level of satisfaction.

It is a downward sloping curve, as remaining at same level of satisfaction - if consumption of one good increase, consumption of other good decrease & vice versa.So, the two goods are inversely related and the curve downward sloping

The curve is also concave i.e inwards bowing towards origin. This is because of increasing Marginal Rate of Substitution. MRS is ratio of good sacrifised to gain an additional unit of other good, staying at same satisfaction level & same indifference curve. MRS is slope of IC ; it is decreasing because - as consumer gains more & more of a good, he/ she is willing to sacrifise lesser & lesser amount of the sacrifised good each successive time.

  • A downward sloping concave inward bowing towards origin IC shows diminishing MRS
  • Any point 'A' on PPC shows product combination that yields same level of satisfaction to consumer as all other points on PPC
  • Line of slope ΔY/ΔX reflects good sacrifised, good gained ratio i.e MRS (At point A).
7 0
3 years ago
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