Reoccurring problem because non of the other problems would make sense in this type of situation
Answer:
Amount of underapplied or overapplied overhead cost for the year
$97000 - Underapplied
Schedule of cost of goods manufactured for the year
Direct Material 3885000
Direct Labor 60000
Overheads 376000
Total Manufacturing Costs 4321000
Add Opening Inventory WIP 400000
Less Closing Inventory WIP (700000)
Cost of Goods Manufactured 4021000
Explanation:
Amount of underapplied or overapplied overhead cost for the year
Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead
$473000-$376000= $ 97000
Schedule of cost of goods manufactured for the year
<em>Direct Materials Calculation </em>
Opening 200000
Add Purchases 4000000
Available 4200000
Less Closing Material 300000
Materials Consumed 3900000
Less Indirect Materials 15000
Direct Materials Consumed 3885000
Answer:
Continue operating; $699
Explanation:
The equilibrium price is $10.
MR = MC at 233 units of output.
At this output level, ATC is $12, and AVC is $9.
The AFC or average fixed cost
= ATC - AVC
= $12 - $9
= $3
The total fixed cost
= 
= 
= $699
The equilibrium price is able to cover the average variable cost so the firm should continue production in the short run.
Answer:
Bond Price = $945.2631228 rounded off to $945.26
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1000 * 0.0675 = $67.5
Total periods (n) = 30
r or YTM = 0.072 or 7.2%
The formula to calculate the price of the bonds today is attached.
Bond Price = 67.5 * [( 1 - (1+0.072)^-30) / 0.072] + 1000 / (1+0.072)^30
Bond Price = $945.2631228 rounded off to $945.26
Answer:
Station 2 is a bottleneck station, with a bottleneck time of 18 minutes per unit
Explanation:
The reason is that the station 2 machines consume more time than the machines of other station one and two. This means that the bottleneck time that every product takes in the second station is more than all other stations hence it is bottleneck station and its time is bottleneck time which is 18 minutes per unit here.