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Arturiano [62]
3 years ago
10

At Medallion Industries, variable cost per unit is budgeted to be $8.00 and fixed cost per unit is budgeted to be $5.00 in a per

iod when 4,000 units are produced. What is the expected total cost of the units produced at Medallion, if instead, production is actually 5,100 units
Business
1 answer:
natka813 [3]3 years ago
6 0

Answer:

Total cost= $60,800

Explanation:

Giving the following information:

For 4,000 units:

Unitary variable cost= $8

Unitary fixed cost= $5

<u>First, we need to calculate the total fixed cost:</u>

Total fixed cost= 5*4,000= $20,000

<u>Now, we can determine the total cost for 5,100 units:</u>

Total cost= 5,100*8 + 20,000

Total cost= $60,800

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Chemical Mines has 5,000 shareholders and is preparing to elect two new board members. You do not own enough shares to personall
topjm [15]

Answer:

Chemical Mines

The most likely outcome of this situation given that some shareholders are happy with the existing management is:

A) proxy fight for control of the board.

Explanation:

Proxy fight is a competitive struggle that shareholders of Chemical Mines can engage in to support their factional sides by using proxy votes to gain control of the board of directors, thereby stirring decisions to their sides.  Proxy votes are the votes of shareholders elected to represent the absentee shareholders by those present at the annual general meeting, where directors can be appointed.

6 0
3 years ago
Karen received 105 total utils from the first 4 sodas she drank. If the marginal utilities of the first, second, and fourth soda
inysia [295]

Answer:

b. 26

Explanation:

Marginal utility refers to the utility gained by the consumption of an additional unit of a commodity. It is the satisfaction enjoyed by a consumer for the additional use of a unit of a good or service.

Given that the total marginal utilities is 105 and the  marginal utilities of the first, second, and fourth sodas are 35, 28, and 16 respectively,  the marginal utility of the third soda

= 105 - (35 + 28 + 16)

= 26

8 0
4 years ago
Sweeties, Inc., manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting,
babymother [125]

Answer and Explanation:

Journal Entries to record the flow of costs into the refining department

1.

Dr Work-in process - Refining Department $369,000

Cr Materials $369,000

2.

Dr Work-in process - Refining Department $146,000

Cr Wages Payable $146,000

3.

Dr Work-in process - Refining Department $97,600

Cr Factories Overhead - Refining Department $97,600

b. Entry to record the transfer of production costs to the second department

Dr Work-in process - Sifting Department $614,400

Cr Work-in process - Refining Department $614,400

Work-in process - Sifting Department [$30,200 + ($369,000 + $146,000 + $97,600) - $28,400]

=$30,200+($612,600-$28,400)

=$30,200+$584,200

=$614,400

4 0
4 years ago
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed so
victus00 [196]

Answer and Explanation:

The missing amount is as follows:

<u>Return on        Profit     Investment    Operation   Sales           Average </u>

<u>Investment      Margin      Turnover       Income     Revenue   Invested Assets</u>

5%                    10%             0.50             $70,000   $700,000    $1,400,000

(0.50% of 10)  ($70,000       ($700,000 ÷

                        ÷ $700,000)  $1,400,000)

4%                     8%              0.50           $100,000    $1,250,000  $2,500,000

(0.50 of 8%)                                                      (0.50 of $2,500,000)

15%                    12%             1.25           $168,000   $1,400,000    $1,120,000

(1.25 of 12%)                           (12% of $1,400,000) ($1,400,000 ÷ 1.25)

10%                    5%                2           $30,000     $600,000          $300,000

                ($30,000 ÷ $600,000)  (10% of $300,000)   ($600,000 ÷ 2)

     

4 0
3 years ago
If 86,500 pounds of raw materials are needed to meet production in august, how many pounds of raw materials should be purchased
kakasveta [241]

6,200 pounds of raw materials should be purchased in July.

<h3>What are raw materials?</h3>
  • Raw materials are the goods or inventories required by a company to make its products.
  • Steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals are examples of raw materials.

The raw material purchases for July are computed as follows:

  • Required production in units of finished goods.
  • Units of raw materials needed per unit of finished goods.
  • Units of raw materials are needed to meet production.
  • Add desired units of ending raw materials inventory.
  • Total units of raw materials needless units of beginning raw materials inventory.
  • Units of raw materials to be purchased.

71,000 pounds × 10% = 7,100 pounds.

62,000 pounds × 10% = 6,200 pounds.

Therefore, 6,200 pounds of raw materials should be purchased in July.

Know more about raw materials here:

brainly.com/question/511243

#SPJ4

The correct question is given below:

If 71,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

5 0
2 years ago
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