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DochEvi [55]
3 years ago
14

Rapid Enterprises applies manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Job 17X had

$84,000 of manufacturing overhead applied to it during May, the direct materials assigned to Job 17X was:
a. $63,000.
b. $84,000.
c. $112,000.
d. $147,00
Business
1 answer:
lozanna [386]3 years ago
5 0

Answer:

Direct material cost = $112,000

Explanation:

<em>Pre-determined overhead absorption rate rate = Estimated overhead for the period / estimated direct material cost</em>

Pre-determined overhead absorption rate rate (OAR= 75% of direct material cost

Applied overhead = OAR × direct material cost

Applied overhead = 75%  × direct material cost

Let direct material cost be represented by y

84,000= 75% × y

y = 84,000/75%= 112000

Direct material cost = $112,000

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The expected return on Natter Corporation's stock is 14%. The stock's dividend is expected to grow at a constant rate of 8%, and
AysviL [449]

Answer:

d. The stock price is expected to be $54 a share one year from now.

Explanation:

Using dividend discount model(DDM), find next year's dividend;

P0 = D1/ (r-g)

50 = D1/(0.14-0.08)

50 = D1/ 0.06

Multiply both sides by 0.06 to solve for D1;

50 *0.06 = D1

3 = D1

Next, year's dividend is $3

Dividend yield = D1/P0;

= 3/ 50 = 0.06 or 6% hence choices A& B are incorrect.

Next year's price; P1 = P0(1+g)

P1 = 50(1.08) = $54 hence choice D is correct

7 0
3 years ago
Last month, Laredo Company sold 650 units for $125 each. During the month, fixed costs were $8,850 and variable costs were $75 p
Y_Kistochka [10]

Answer:

1. $50 and 40%

2. 177 units and $22,125

3. 473 units and 72.77%

Explanation:

Price = $125

Variable cost = $75

Fixed cost =$8,850

Contribution margin is the net of sales price and variable cost of the product. It is the cost available to recover the fixed cost and make profit afterward.

1. Contribution margin = Sales price - Variable cost = $125 - $75 = $50

Contribution margin ratio = Contribution margin / Sale price = $50 / $125 = 40%

Break-even is the level of sales at which business has no profit no loss situation.

2. Break-even point = Fixed cost / Contribution margin per unit = $8,850 / $50 = 177 units

Break-even in $ = 177 units x $125 = $22,125

Margin of safety is the level of sales at which the business is safe from making loss. Margin of safety measures the profit after the break-even point.

3. Margin of Safety = Total sales - Break-even point = 650 units - 177 units = 473 units

Margin of safety to sales = ( Margin of safety / Total sales ) = ( 473 units / 650 units ) x 100 = 72.77%

3 0
3 years ago
Product, price, promotion, and place make up the __________.
vivado [14]

Answer:

d. Marketing Mix

Explanation:

<em>Target Market</em> is the group of people with specific problem and seeking a solution and ready to spend on it.

<em>Market Segment </em>is dividing a market into sub sets of consumers, businesses or countries who have common needs.

<em>Market Position </em>is organizing for a product by clear minds of target customer relative to competing products.

<em>Marketing Mix </em>is the combination of four P's: Product, Price, Promotion and Place.

8 0
3 years ago
In the context of work team processes, cooperative teamwork skills: Group of answer choices include the ability to have access t
Arisa [49]

Answer:

(D) ​include open communication, trust, personal integrity, positive interdependence, and mutual support.

Explanation:

With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything

So as per the given situation, the above should be the answer

5 0
3 years ago
Which of the following should NOT be considered when determining a fair option fee?A. Cost of a title search B. Tenant's credit
emmasim [6.3K]

Answer:

A. Cost of a title search

Explanation:

Option B - Tenant's credit rating is a necessary thing when determining a fair option fee. So, it is not the correct answer.

Option C - Without the number of terms, it is difficult to determine a fair option fee. So, it is also incorrect.

Option D is also wrong, as property value is the main element of finding a fair fee.

Therefore, Option A is the answer as, during the determination of a fair option fee, the cost of the title search is not a necessary element.

6 0
3 years ago
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