Answer: Target Costing
Explanation:
Target Costing is a method of costing on a product done while it's still being produced to determine the best price at which the product can be sold that would be able to compete with price of other similar products in the market and still make profit for the company.
RTP Corp needs to apply target costing for it's new computer processor in order for it to be profitable and beat the price of other processors in the market.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.
Mountain has recorded the following for the past nine months:
January:
Number of Cavities= 375
Total cost= $5,300
February:
Number of Cavities 500
TC= 5,850
March
Number of Cavities 350
TC= 5,200
April
Number of Cavities 600
TC=6,250
May
Number of Cavities 325
TC= 5,150
June
Number of Cavities 475
TC= 5,700
July
Number of Cavities 525
TC= 6,100
August
Number of Cavities 575
TC= 6,300
September
Number of Cavities 450
TC= 5,550
A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)
Variable cost= (6300 - 5150) / (600 - 325)= 4.18 per unit
Fixed cost= HACost - (variable cost per unit * HAUnits)= 6300 - (4.18*600)= 3792
Fixed cost= LACost - (variable cost per unit* LAUnits)= 5150 - (4.18*325)= 3792
B) Q= 400
Total cost= 3792 + 4.18*400= $5464
Answer:
The correct answer is total revenue; total cost.
Explanation:
Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.
A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.
It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.
To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.
Answer:
$5,641
Explanation:
DEPOSIT NOW
$1000 * FVIF 9%,8 PERIODS
= $1000 * 1.9926
= $1992.6
IN 2 YEARS
= $2000 * FVIF 9%,6 PERIODS
= $2000 * 1.6771
= $3354.20
IN 5 YEARS
= $8000 * FVIF 9%, 3 PERIODS
= $8000*1.2950
= $10360
WITHDRAWAL: IN 3 YEARS
= ($3000) * FVIF 9%, 5 PERIODS
= ($3000) * 1.5386
= ($4615.80)
IN 7 YEARS
= ($5000) * FVIF 9%, 1 PERIOD
= ($5000) * 1.0900
= ($5450)
Total value = $1992.6 + $3354.20 + $10360 - $4615.80 - $5450
Total value = $5,641
So, the total future value after eight years is $5,641
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