1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
blsea [12.9K]
3 years ago
8

At the beginning of the period, the Assembly Department budgeted direct labor of $60,500 and property tax of $26,000 for 5,500 h

ours of production. The department actually completed 6,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $ fill in the blank 1
Business
1 answer:
crimeas [40]3 years ago
5 0

Answer:

Total cost= $100,800

Explanation:

Giving the following information:

Property tax= $26,000

Direct labor= $60,500

Number of hours= 5,500

<u></u>

<u>Property tax is a fixed cost. We need to calculate the hourly rate for direct labor:</u>

Hourly rate= 60,500 / 5,500

Hourly rate= $11

<u>Now, the flexible budget:</u>

Fixed cost= 26,00

Variable cost= 11*6,800= 74,800

Total cost= $100,800

You might be interested in
True or False:
sergey [27]
The correct answer is true hope this helps!
8 0
3 years ago
A revolving credit agreement is a formal line of credit. The firm must generally pay a fee on the unused balance of the committe
Shalnov [3]

Answer:

a. True

Explanation:

A revolving credit agreement is a line of credit, that is, a default limit that a firm can use to borrow money as much as possible until this limit is reached. The firm will have to pay the bank for a commitment to lend or extend such funds. The bank will also put some factors about the firm's ability to pay into consideration before revolving credit can be used.

8 0
3 years ago
A rule that all employees in the organization (including the ceo) must fly coach when they travel on commercial airlines represe
Eva8 [605]
The word that completes the sentence is bureaucratic. bureaucratic control is one of the control systems that are defined as systems of rules that are devised and implemented that are applicable to global business and maybe unique to a specific business. it is an important tool for risk management as well. 
5 0
3 years ago
Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly i
Rudik [331]

Answer:

$245,000.00

Explanation:

The amount of sales revenue to be made to achieve target profit is computed as follows:

<em>Sales revenue to achieve target income</em>

<em>= Total fixed cost for the period + target profit/ contribution margin</em>

Contribution margin = (Sales - variable cost) / sales   ×  100

The figure has been given as 40% in the question

Sales revenue to achieve target profit = (83,000 + 15,000)/0.4

$245,000.00

Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,000, what dollar amount of sales must be made to produce the target income?

Sales revenue to achieve target profit = $245,000.00

8 0
3 years ago
Asset A and B have expected returns of 5% and 3% per year respectively. Their annual volatilities are both 20% and the correlati
Novay_Z [31]

Answer:

1. Weight of A=0.5, Weight of B= 0.5

2. Asset A has the highest shape ratio. The weight of A and B in the optimal risky portfolio that has the highest shape ratio is:

Weight of A= 0.105, Weight of B= 0.895

Explanation:

Expected return of Asset A= 5%Expected return of Asset A= 5%

Expected return of Asset B= 3%

Annual volatilities of Asset A= 20%

Annual votalities of Asset B= 20%

1. Correlation coefficient = 30% = 0.3 < 1

Risk Free Rate = 1% =0.01

1. Weight of A and B in portfolio with minimal risk is:

Weight of A= β^2B - Cov (XAXB) /β^2A + β^2B - 2Cov (XAXB)

Therefore,

CovXAXB = PAB (Volatility of A) (Volatility of B)

= 0.3 × 0.2 × 0.2

= 0.012

Hence,

Weight of A= (0.2)^2 - 0.012 / (0.2)^2 + (0.2)^2 - 2(0.012)

Weight of A= 0.04 - 0.012 / 0.04 + 0.04 - 0.024

= 0.028/ 0.08 - 0.024

= 0.028/ 0.056

=0.5

Weight of A = 0.5

Weight of B= 1 - Weight of A

Weight of B= 1 - 0.5

Weight of B= 0.5

2. Shape ratio of A= RA - Rf / β

= 0.05 - 0.01 / 2

= 0.04/2

= 0.02 =20%

Shape ratio of B= RB - Rf / β

= 0.03 - 0.01/ 2

0.02 / 2

=0.01 = 10%

So, Asset A has the highest shape ratio

Cov (XAXB) = PAB (Volatility of A) (Volatility of B)

= 0.03 × 0.2 × 0.1

= 0.006

Weight of A= β^2B - Cov (XAXB) /β^2A + β^2B - 2Cov (XAXB)

Weight of A = (0.1)^2 - 0.006 / (0.2)^2 + (0.1)^2 - 2(0.006)

= 0.01 - 0.006 / 0.04 +0.01 - 0.012

= 0.004/ 0.05 - 0.012

= 0.004/ 0.038

= 0.105

Weight of A = 0.105

Weight of B= 1 - 0.105

Weight of B= 0.895

3 0
3 years ago
Other questions:
  • The commercial for-profit segment of the food-service industry is very narrow. true or fasle
    7·1 answer
  • Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 201
    15·2 answers
  • 15Question(1 point) 1st attempt What will happen in a market where a nonbinding price floor is removed? Choose one:
    8·1 answer
  • Which of the following explains how can a yield curve be flat or downward sloping if a maturity risk premium exists? a. Investor
    10·1 answer
  • Diana and Ryan Workman were married on January 1, 2019. Diana has an 8 years old son, Jorge, from her previous marriage who live
    11·1 answer
  • Which term describes the act of working from a home, remote, or mobile location while connecting into the employer's private net
    10·1 answer
  • Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manu
    12·1 answer
  • Those who lie to others can begin to perceive the recipients of the lies as less honest and trustworthy. This phenomenon is term
    10·1 answer
  • A label on foods prepared and packaged onsite for retail sales must list which information?
    13·1 answer
  • in what aspect of equipment management will an emt be involved when working toward​ high-quality care?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!