Answer:
1. The most that the farmer would pay to rent 20 acre is $100.
2. The price of wheat rose to $6 per bushel is $900.
Explanation:
Given the information, we have:
Total cost per acre
= $35 + $80 + $70 = $185
Revenue from wheat per acre
= 40 x $5 = $200
Contribution per acre = $200 - $185 = $15
The most that the farmer would pay to rent 20 acre is
==>20 x ($15 - $10) = $100
If the price of wheat rose to $6, the most that farmer would pay
= 20 x (240 - 185 - 10)
= $900
Answer:
$29,900
Explanation:
According to the scenario, computation of the given data are as follows:-
Predetermined Manufacturing Overhead = 130% of Direct Labor Cost
= $77,000 × 130÷100 = $100,100
Direct Material= $51,300 - $4,500 = $46,800
Direct Labor = $77,000
Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor
=$100,100 + $46,800 + $77,000 = $223,900
WIP Inventory at the End of The Year = Beginning WIP Inventory +Total Added Cost to WIP - Cost of Goods Manufactured
= $29,700 + $223,900 - $223,700
= $29,900
Answer:
Customer and Product Margin under Activity-based Costing and Traditional Costing
True Statements:
1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.
2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.
Explanation:
Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs. In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders. Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.
Product Margin is the profit margin generated per product. It is the markup on the cost of the product. It shows the difference in amount between the selling price and the manufacturing cost. Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.
Answer:
Option D would be the appropriate alternative.
Explanation:
- A broker dealer would be a company or organization engaged throughout the purchase as well as the sale of securities within its multiple occasions or even on behalf of the participants.
- Brokerage serves as an intermediary whenever it implements order information on behalf of the shareholders while acting mostly as a dealer or superintendent whenever it exchanges on one's consideration.
Other choices available aren't connected to that same scenario in the statement. So the answer here is just the perfect one.
