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Mumz [18]
2 years ago
14

Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota

l Activity Fabrication 50,000 machine-hours Order processing 625 orders Other Not applicable The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Wages and salaries $ 461,000 Depreciation 123,000 Occupancy 207,000 Total $ 791,000 The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Fabricating Order Processing Other Total Wages and salaries 15% 65% 20% 100% Depreciation 15% 40% 45% 100% Occupancy 20% 75% 5% 100% The activity rate for the Fabrication activity cost pool is closest to:
Business
1 answer:
Minchanka [31]2 years ago
5 0

Answer:

$2.58 per machine hour

Explanation:

The computation of the fabrication activity cost pool activity rate is

= ($461,000 × 15%) + ($123,000 × 15%) + ($207,000 × 20%) ÷ 50,000 machine hours

= ($69,150 + $18,450 + $41,400) ÷ 50,000 machine hours

= $2.58 per machine hour

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Suppose that the total revenue received by a company selling basketballs is $600 when the price is set at $30 per basketball and
drek231 [11]

Answer: Demand is Unit - Elastic over this price range.

Explanation:

When total revenue remains the same over various price level then the demand curve is unitary elastic.

Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.

A demand curve with an elasticity of 1 is called as unitary elasticity of demand.

5 0
3 years ago
Read 2 more answers
With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos
timofeeve [1]

Answer:

A buyer in the ordinary course of business who purchased the goods from a merchant

Explanation:

In finance, perfected security interest is an interest in a property that prevents other party from having claims on it legally.

It should be noted that With regard to a prior perfected security interest in goods for which a financing statement has been filed, the parties is most likely to have a superior interest in the same collateral is buyer in the ordinary course of business who purchased the goods from a merchant.

8 0
3 years ago
Monogramm just paid a dividend of $2.19 per share. The company said that it will increase the dividend by 15 percent and 10 over
valentinak56 [21]

Answer: $38.03

Explanation:

Based on the information given in the question, dividend for first year will be:

= D1 = $2.19 × 1.15 = $2.5185

D2= $2.5185 × 1.1 = $2.77035

Then, we calculate the value after year 2 which will be:

=(D2 × Growth Rate) / (Required Return-Growth Rate)

=(2.77035 × 1.037) / (0.107-0.037)

=$41.04

Therefore, the stock price today will be:

= (2.5185/1.107) + (2.77035/1.107²) + (41.04)/1.107²

=$38.03

7 0
2 years ago
Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead cos
goldenfox [79]

Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost

= $ 4900000 + $ 8710000

= $ 13610000

A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.

Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.

Learn more about prime cost here:

brainly.com/question/26058632

#SPJ4

7 0
1 year ago
In June, an investor purchased 200 shares of Oracle (an information technology company) stock at $37 per share. In August, she p
Iteru [2.4K]

Answer:

the  weighted mean price per share is $38.76

Explanation:

The computation of the weighted mean price per share is given below:

= (200 shares × $37 per share + 270 shares × $36 per share + 490 shares × $41 per share) ÷ (200 shares + 270 shares + 490 shares)

= ($7,400 + $9,720 + $20,090) ÷ (960 shares)

= $37,210 ÷ 960 shares

= $38.76

Hence, the  weighted mean price per share is $38.76

4 0
2 years ago
Read 2 more answers
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