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Kruka [31]
3 years ago
13

The following information is available for Wonderway, Inc., for 2018: Factory rent $ 28,300 Company advertising 20,200 Wages pai

d to laborers 84,200 Depreciation for president's vehicle 8,190 Indirect production labor 1,900 Utilities for factory 30,600 Production supervisor's salary 30,800 President's salary 61,100 Direct materials used 35,600 Sales commissions 7,530 Factory insurance 13,700 Depreciation on factory equipment 27,400 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for Wonderway. 4. Calculate the conversion cost for Wonderway. 5. Calculate the total manufacturing cost for Wonderway. 6. Calculate the period expenses for Wonderway.
Business
1 answer:
garri49 [273]3 years ago
8 0

Answer:

Please see answers below

Explanation:

1. Direct labor costs = wages paid to labourers

= $84,200

2. Manufacturing overhead costs = Factory rent + indirect production labor + utilities for factory + production supervisor's salary + factory insurance + depreciation on factory equipment

= $28,300 + $1,900 + $30,600 + $30,800 + $13,700 + $27,400

= $132,700

3. Prime cost = Direct labor + Direct material

= $84,200 + $35,600

= $119,800

4. Conversion cost = Direct labor + Manufacturing overhead

= $84,200 + $132,700

= $216,900

5. Total manufacturing cost = Direct labor + Direct material + Manufacturing overhead

= $84,200 + $35,600 + $132,700

= $252,500

6. Period expense = Company advertising + Depreciation for president vehicle + President's salary + Sales commission

= $20,200 + $8,190 + $61,100 + $7,530

= $97,020

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Alex
GaryK [48]

Answer:

<em>hello your question lacks some vital information hence I will make valid assumptions to aid the solution </em>

answer : $583333.33

Explanation:

22 yrs old

pre tax income = $35,000 per year

savings = $200/month

<u>Determine how much you will need to retire at 67</u>

lets assume : Interest rate = 6% per annum

annual withdrawable amount per year after retirement = $35,000

∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33

<u>hence amount needed to retire at age 67 </u>

target amount = $583,333.33

interest rate = 6%

number of years = 67 - 22 = 45

savings per year needed = 583,333.33 / 45 = $12962.96

<em>Note : saving $200 per month would not give the required amount needed to retire at age 67 </em>

The required monthly savings =  12962.96 / 12 = $1080.25

5 0
3 years ago
You have the following information on Marco's Polo Shop: total liabilities and equity = $210 million; current liabilities = $50
KengaRu [80]

Answer:

$60 million

Explanation:

The quick ratio is  the financial ratio of the current assets less inventory to current liabilities. While the accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity.

This may be expressed mathematically as

Assets = Liabilities + Equity

Given that quick ration is 1.7 and current liabilities = $50 million

1.7 = current assets less inventory/$50 million

current assets less inventory = 1.7 * $50 million

= $85 million

The total asset is made up of the current assets less inventory, inventory, fixed assets. Let the balance for fixed assets be y

$85 + $65 + y = $210   (all amounts in millions)

y = $210 - $150   (all amounts in millions)

y = $60   (all amounts in millions)

3 0
3 years ago
Each month the Census Bureau carries out the Current Population Survey (CPS) (which has been carried out every month since 1940)
katovenus [111]

Answer:

a) 60,000

Explanation:

The Current Population Survey(CPS) contacts a representative sample of 60,000 people of age 15 and above every month in order to make an inferential assumption about the US population as a whole.

7 0
3 years ago
Ups devices typically have capacities that may run up to __________ va.
Brut [27]
<span>Ups devices typically have capacities that may run up to  1000 va.

UPS (uninterrupted power supply) is designed so an electrical equipment could still provide an emergency source of power in case the main power input fails to do so. In order to fulfill this function, a UPS device requires a pretty high voltage capacity.</span>
7 0
3 years ago
Tyson Foods is the largest U.S. beef and chicken​ supplier, processing more than​ 100,000 head of cattle and​ 40-plus million ch
Deffense [45]

Answer:

$810,000

Explanation:

The computation is shown below:

The increase in fixed cost is

= Salary of each sales representative × number of sales representatives hired

=  $45,000 × 18

= $810,000

Now the increase in sales needed for break even is

= Increase in fixed cost ÷ Contribution margin ratio

= $810,000 ÷ 30%

= $2,700,000

As we know that break even sales is computed by dividing the fixed cost by the contribution margin ratio and we applied the same

5 0
3 years ago
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