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Sedaia [141]
3 years ago
15

Juno Markets is offering 900 shares in a Dutch auction IPO. The following bids have been received: How much will Bidder B have t

o spend to purchase all of the shares that have been allocated to him
Business
1 answer:
inn [45]3 years ago
5 0

Answer:

$4,320.00

Explanation:

Calculation to determine How much will Bidder B have to spend to purchase all of the shares that have been allocated to him

Bidder B Cost = 300 *[900/(100 + 300 + 400+200)] *$16

Bidder B Cost = 300*[900/1,000)*$16

Bidder B Cost = 300*0.9*$16

Bidder B Cost = $4,320.00

Therefore The amount that Bidder B will have to spend to purchase all of the shares that have been allocated to him is $4,320.00

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Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela
brilliants [131]

Answer:

Becton Labs, Inc.

1. Direct materials:

a. Price variance

= $20,600 Favorable

Quantity variance

= $1,890 Unfavorable

b. The company can sign the contract provided it is made clear to the new supplier that price variations would not be welcome shortly after signing the contract, but will depend on the market realities.

2. Direct labor:

a. Direct labor rate and efficiency variances:

Direct labor rate variance

= $3,200 Favorable

Efficiency variance

= $8,160 Unfavorable

b. I would not recommend that the new labor mix be continued.  The old mix may be working better because the labor efficiency cost increased with the new mix labor mix.

3. The variable overhead rate and efficiency variances:

Variable overhead rate variance

= $5,200 Favorable

Variable overhead efficiency variance

= $2,380 Unfavorable

Explanation:

a) Data and Calculations:

Standard  Costs for 1 Unit of Fludex:

                                              Standard              Standard      Standard Cost

                                        Quantity or Hours   Price or Rate  

Direct materials                     2.40 ounces    $27.00 per ounce   $64.80

Direct labor                           0.60 hours        $12.00 per hour          7.20

Variable manufacturing

overhead                             0.60 hours          $3.50 per hour          2.10

Total standard cost per unit                                                           $74.10

Activities recorded during November:

a. Materials purchased = 13,000 ounces at $330,300

Each ounce = $25.41 (330,300/13,000)

b. Materials used for production = 10,150 ounces (13,000 - 2,850)

Standard materials = 4,200 * 2.40 = 10,080 ounces

c. Direct labor hours = 20 * 160 = 3,200 hours

Standard labor hours = 0.60 * 4,200 = 2,520

Average labor rate = $11.00 per hour

Direct labor costs = $35,200 ($11.00 * 3,200)

d. Standard variable overhead = $11,200 (3,200 *$3.50)

Actual overhead incurred = $6,000

Actual overhead rate = $1.43 ($6,000/4,200)

e. Units produced = 4,200

1. Direct materials:

a. Price variance = (Actual price - standard price)* Actual units

= ($25.41 - $27.00)13,000 = $20,600 F

Quantity variance = (Actual quantity - Standard quantity) Standard Cost

= (10,150 - 10,080) * $27.00

= $1,890 U

b. The company can sign the contract provided it is made clear to the new supplier that price variations would not be welcome shortly after signing the contract, but will depend on the market realities.

2. Direct labor:

a. Direct labor rate and efficiency variances:

Direct labor rate variance = (Actual rate - Standard rate) * Actual hours

= ($11 - $12) * 3,200 = $3,200 Favorable

Efficiency variance = (Actual hours - Standard hours) * Standard rate

= (3,200 - 2,520) * $12

= $8,160 Unfavorable

b. I would not recommend that the new labor mix be continued.  The old may be working better because the labor efficiency cost increased.

3. The variable overhead rate and efficiency variances:

Variable overhead rate variance = Actual costs − (AH × SR)

= $6,000 - (3,200 * $3.50)

= $6,000 - $11,200

= $5,200 Favorable

Variable overhead efficiency variance =  (AH − SH) × SR

= (3,200 - 2,520) * $3.50

= $2,380 Unfavorable

3 0
3 years ago
Jefferson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses
Julli [10]

Answer:

25%

Explanation:

Calculation for the proportion of Machining activity used by Product 5

Using this formula

Machining activity = Product 5 Machine hours /Total machine hours

Let plug in the formula

Machining activity = 1,100/4,400

Machining activity = 0.25×100

Machining activity = 25%

Therefore the proportion of Machining activity used by Product 5 is 25%

7 0
3 years ago
What are factors of production?
Reika [66]
C: all the physical tools and equipment used in the production process. That would be the answer
4 0
3 years ago
Architects must consider the availability and cost of ________ when they plan their projects.
barxatty [35]

Answer:

the correct answer is Building materials

Explanation:

Architects must consider the availability and cost of Building materials when they plan their projects.

good luck

6 0
3 years ago
Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that
Varvara68 [4.7K]

Answer:

Explanation:

All of the above.

Companies will be attracted to nations that encourage market exchange and not restrict it, reward innovation, and protect people and property,

4 0
3 years ago
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