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dybincka [34]
3 years ago
10

The ending inventory of finished goods has a total cost of $11,600 and consists of 600 units. If the overhead applied to these g

oods is $3,850, and the overhead rate is 70% of direct labor, how much direct materials cost was incurred in producing these units?
Business
1 answer:
Lunna [17]3 years ago
5 0

Answer:

the Direct Labor Costs are  $5500

And Direct Materials are 2,250

Explanation:

Finished Goods has a total cost of $11,600

If the overhead applied to these goods is $3,850

Then the Direct Labor Costs are  $5500

And Direct Materials are 2,250

Using the cross product rule

$3850    : 70

x          :   100

x= $3850*100/70= $ 5500 are Direct LAbor Costs

Direct Materials= Finished Goods - overhead applied -Direct Labor Costs

  Direct Materials             =$11,600- $3,850- $5500

And Direct Materials are = $2,250

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Bob operates Bob's Pizza, a small pizzeria that sells about 50 pizzas a day. Bob's daily total fixed costs are $100, and his dai
Sonja [21]

Available options are:

A. All of the choices are correct.

B. Average fixed costs would increase.

C. Marginal costs would increase.

D. Average variable costs would increase

Answer:

Option B. Average fixed costs would increase.

Explanation:

As the variable cost is the same which means that the marginal cost (All variable costs) would neither increase nor the average variable cost (Average variable cost due to fluctuating variable cost) would increase. Hence both Option C and D are incorrect.

Option B is correct because:

Average Fixed cost = (Initial Value + Value Now) / 2

Average Fixed cost = ($100 + $150) / 2 = $125

This means that the average cost has been increased.

6 0
3 years ago
New Jersey raises its minimum wage while neighboring Pennsylvania does not. Economists compared the labor market in both states
ollegr [7]

Answer:

Natural experiment

Explanation:

Natural experiment is the study of empirical, which comprise of the individuals who are exposed to the control as well as the conditions of the experimental , which are determined or evaluated by the nature or through other kinds of factors that are outside the person control.

The procedure of governing the exposures resemble the random experiment. This experiment are not controllable and are the observational studies. So, the event is naturally occurring, then it is an example of the natural experiment.

6 0
3 years ago
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor
Lorico [155]

Answer:

Total variable overhead variance is express = 2,200

Explanation:

given data

overhead rate = $6 per direct labor hour

actual direct labor hours = 6,000

actual variable overhead costs = $37,000

product manufactured = 2,900 units

to find out

total variable overhead variance

solution

we find here standard variable overhead that is

standard variable overhead = 2900 unit ×  $6 × 2 DL hours

standard variable overhead = $34,800

and

Total variable overhead variance is express as

Total variable overhead variance is express  = actual variable overhead - standard variable overhead

so

Total variable overhead variance is express = 37,000 - 34,800

Total variable overhead variance is express = 2,200

7 0
3 years ago
Brewster's is considering a project with a life of 5 years and an initial cost of $120,000. The discount rate for the project is
PSYCHO15rus [73]

Answer:

Net present value 27.792‬

Explanation:

<u>Sales</u> 2.100 units x 20 net cash flow =<em> $ 42,000 cash flow per year</em>

<u>Present value of the first three years:</u>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 42,000

time 3 years

discount rate: 0.12

42000 \times \frac{1-(1+0.12)^{-3} }{0.12} = PV\\

PV $100,876.9133

For year 4 and 5 we need to check for the expected cashflow

<u>We will multiply each outcome by their probability:</u>

1,400 units x $20 per unit x 0.5 chance =  14,000

2,500 units x $20 per unit x 0.5 chance = 25,000

expected return:    <em>39,000</em>

<u>present value of these years:</u>

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $39,000.0000

time   4 end of year 4th

rate  0.12

\frac{39000}{(1 + 0.12)^{4} } = PV  

PV   24,785.21

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $39,000.0000

time   5 end of year 5th

rate  0.12

\frac{39000}{(1 + 0.12)^{5} } = PV  

PV   22,129.65

<u>Net present value</u> will be the present value of the cash flow less the investment.

100,877 + 24,785 + 22,130 - 120,000 = 27.792‬

7 0
3 years ago
Fishing versus Boat Building. Half the members of a fishing tribe catch 2 fish per day and half catch 8 fish per day. A group of
marta [7]

Answer:

Tbh idk the answer im soo sorry.

Explanation:

4 0
3 years ago
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