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Cost is a <span>term describes what a manufacturer spends for goods or services.
</span>In production, research, retail, and accounting, a cost<span> is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the </span>cost<span> may be one of acquisition, in which case the amount of money expended to acquire it is counted as </span>cost<span>.</span>
Answer:
a. $13,000
b. $17,000
c. $27,000
Explanation:
a= Net income (loss) = Service revenue - Other operating expenses
Net income (loss) = $25,000 - $12,000
Net income (loss) = $13,000
b. Ending retained earnings = Beginning retained earnings + Net income - Dividends
Ending retained earnings = $5,000 + $13,000 - $1,000
Ending retained earnings = $17,000
c. Total assets = Cash + Accounts receivable + Supplies + Equipment
Total assets = $15,000 + $3,000 + $3,000 + $6,000
Total assets = $27,000
Answer:
$81.13
Explanation:
first we must calculate the effective monthly interest rate:
1.06 = (1 + i)¹²
1.004868 = 1 + i
i = 0.4868%
the future value of this annuity is given, but we need the monthly contribution:
monthly contribution = future value / FV annuity factor
future value = $1,000
FV annuity factor, 0.4868%, 12 periods = 12.32656
monthly contribution = $1,000 / 12.32656 = $81.13
Answer:
Explanation:
a. Raw material needed to make one unit
Alpha = 25/5 = 5 Pound
beta = 10/5 = 2 Pound
b. Contribution margin per pound
Alpha Beta
Selling price 130 90
Direct material 25 10
Direct labor 22 21
Variable manufacturing overhead 17 7
Variable selling expenses 14 10
Contribution margin per unit 52 42
pound per unit 5 2
Contribution pound per pound 10.4 21
c. product mix
Pound Unit
Beta 62000*2 = 124000 62000
Alpha 38000 38000/5 = 7600
Total 162000
d. Maximum contribution margin = (62000*42+7600*52) = $2999200
e. Highest price = 10.4+5 = 15.40 per pound
Answer:
forecast on equipment usuge by a Dry cleaner
Explanation: For Sept 88,91,94 and 97
october-94,97,