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alexandr1967 [171]
3 years ago
6

Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct material

s purchased (AQ) 1,600 Sets Finished goods manufactured 700 units Direct materials purchase-price variance $ 400 Favorable Budgeted Finished goods to manufacture 800 Units Direct materials purchases 2,000 Sets Direct materials per unit of finished goods 2 Sets Direct materials price per set (SP) $ 3.60 What was the actual purchase price (AP) per set of direct materials purchased (to two decimal places)
Business
1 answer:
vesna_86 [32]3 years ago
8 0

Answer:

Actual price= $1.6 per unit

Actual price= $3.2 per set

Explanation:

<u>To calculate the actual price, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

400= (1.8 - actual price)*2,000

400= 3,600 - 2,000actual price

2,000actual price = 3,200

actual price= $1.6 per unit

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Cold Duck Airlines flies between Tacoma and Portland. The company leases planes on a year-long contract at a cost that averages
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Answer:The Firm should continue to produce up until Revenue generated equals Marginal Cost. Cold Duck Company would maximize profit when the number of flights is in a level when Revenue equals Marginal cost which is the same as variable costs in this case.

Explanation:

Cold duck Airlines leases plane on a year long contract at an average cost of $600 per flight.The average cost of $600 per flight is calculated as Lease cost per year divided by number of flights. This tells us that the lease cost per year is fixed and the $600 average  cost per flight is the Average Fixed cost. if Cold duck flies more planes between Tacoma and Portland The number flights will increase which will decrease the average lease cost per flight.

Other Costs fuel (flight attendants,etc) amount to $550 per flight, these costs will increase as Cold Duck Airlines increases flights between Tacoma and Portland. These costs should be treated as Variable costs because they increase as the number flights increases.

The revenue generated on each flight, which can be seen as the price for each flight is $1000.

The Firm maximizes its profits in a competitive market by producing a quantity level That makes Price equals Marginal cost, Marginal cost being the price of producing an additional unit, in this case is the cost of an additional flight which is $550 amount of other costs  because lease cost fixed  whether Cold Duck Makes 1 flight or 10 flights it doesnot change

The Firm should continue to produce up until Revenue generated equals Marginal Cost. Cold Duck Company would maximize profit when the number of flights is in a level when Revenue equals Marginal cost which is the same as variable costs in this case. Revenue would be equal to $550 when profit is at the maximum level

6 0
3 years ago
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Why was hop frog a triplicate treasure to the kink how did the gesture get his name
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Answer:Because of his physical deformity, which prevents him from walking upright, the King nicknames him "Hop-Frog".

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Economists refer to the process of proactive consumers choosing to either exit from a sale or to voice their dissatisfaction wit
Andre45 [30]

Economists ask the process of proactive consumers choosing to either exit from a sale or to voice their dissatisfaction with a product as-----expressing disapproval.

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Customer dissatisfaction is the antithesis of customer satisfaction. It happens when customer expectations aren't only not meant, but also when the corporate fails to do anything about the complaint.

for instance , 74 percent of consumers say they will forgive a company for its mistake after receiving excellent service.

<h3>Why is customer satisfaction important?</h3>

The importance of customer satisfaction cannot be overstated. there's a direct correlation between how happy customers are and how much money a business makes. Your customer satisfaction score (CSAT) affects repeat purchases rates and customer loyalty, word of mouth referrals, and helps to tell business decisions

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7 0
1 year ago
Which of the choices is an example of offshore outsourcing?
Alexxx [7]

Answer:

None of the choices describe offshore outsourcing.

Explanation:

Offshore outsourcing is when a company hires a third party in another country to do some tasks for the company.

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Consider the elements of cost in Geordie Ltd, namely, the cost of a product, the cost of direct labour and the cost of non-labou
tangare [24]

Answer:

$73.58

Explanation:

Total cost of product = $120

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Material cost = $73.58

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