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Yakvenalex [24]
3 years ago
6

When Job 117 was completed, direct materials totaled $5,090; direct labor, $5,838; and factory overhead, $4,042. A total of 1,49

7 units were produced at a per-unit cost of:________
Business
1 answer:
allsm [11]3 years ago
3 0

Answer:

the per unit cost is $10

Explanation:

The computation of the per unit cost is shown below:

As we know that

Per unit cost is

= Total cost ÷ number of units produced

= ($5,090 + $5,838 + $4,042) ÷ (1,497 units)

= ($14,970) ÷ (1,497 units)

= $10

hence, the per unit cost is $10

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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A greenfield venture is when a company builds a subsidiary from scratch in a foreign country instead of acquiring an established
xeze [42]

Answer:

Trade control for greater returns

Explanation:

Considering the way of founding a Greeenfield  venture , it has the benefit of being more profitable as it does not have to share its profit with ant other party.

Another benefit that worth mentioning is trade control for greater returns. It maintains a high level of control over manufacturing procedures ,business operations  branding and staffing towards profit maximization.

However ,just like in sole proprietorship, the risk involved can be very high.

3 0
3 years ago
Problems and Applications Q8 Suppose subway ridership in New York City declined by 4.3 percent after a fare increase of 25 cents
lana66690 [7]

Answer:

Price elasticity of demand = Percentage in quantity demanded / Percentage change in price

We already have the percentage change in quantity demanded as -4.3%.

We need to find the percentage change in price using the midpoint method.

= (New price - Old price) ÷ ((New Price + Old price) / 2)

Old price = 1.50 - 0.25 = $1.25

Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)

= 18.18%

Price elasticity of demand = -4.3% / 18.18%

= -0.24

According to your estimate, the Transit Authority's revenue rises when the fare increases.<u> TRUE. </u>

The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.

The price elasticity of demand is inelastic when it is less than 1 which is the case here.

8 0
3 years ago
Last year Christine worked as a consultant. She hired an administrative assistant for$15,000 per year and rented office space (u
Airida [17]

Answer:

The answer is option (C). $40,000

Explanation:

Lets consider Christine's total cost per for working as a consultant;

Total cost per year=cost of hiring administrative assistant+total rent on office space per year

where;

Cost of hiring administrative assistant=$15,000 per year

Total rent on office space per year=Amount paid per month×number of months in a year

Total rent on office space per year=(3,000×12)=$36,000 per year

replacing;

Total cost per year=(36,000+15,000)= $51,000

Net revenue=Total revenue per year-total cost per year

where;

Total revenue per year=$100,000

Total cost per year=$51,000

replacing;

Net revenue=(100,000-51,000)=$49,000

By choosing to work as a consultant she makes $49,000 a year, while losing the opportunity to earn $40,000 a year

Her opportunity cost=$40,000 a year

6 0
3 years ago
Preferred Stock As of December 31, 2015, we had one class of preferred stock outstanding. We are authorized to issue approximate
sergey [27]

<u>Solution and Explanation:</u>

The dollar amount of dividends that Xerox must pay on this stock = $2,160,000

Working for the answer

It was given in the question that, company issued 300,000 shares of Series and the convertible preferred stock pays quarterly cash dividends at a rate of 8% per year

par value of $90 per share

SO amount of dividends that Xerox must pay on this stock

=300,000$ shares $* 90$ value face value $* 8 \%$

=300,000 * 90 * 8 \%

=2,160,000

amount of dividends that Xerox must pay on this stock =2,160,000

 

7 0
3 years ago
Culver Corporation has retained earnings of $718,500 at January 1, 2017. Net income during 2017 was $1,596,000, and cash dividen
Norma-Jean [14]

Explanation:

The preparation of the retained earnings statement for the year ended December is presented below:

                                         Culver Corporation

                             Retained Earning statement

                        For the year ended December 31, 2017

Beginning balance of retained earning $718,500

Add: Correction recorded $86,470

Add: Net income $1,596,000

Less: Cash Dividend paid -$80,500

Ending balance of retained earning                        $2,320,470

4 0
3 years ago
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