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Romashka [77]
3 years ago
5

Connolly Company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. Ea

ch lamp must spend time on a special machine. The firm owns four machines that together provide 18,000 hours of machine time per year. The classic lamp requires 0.20 hours of machine time, the fancy lamp requires 0.50 hours of machine time.
Required:
What is the contribution margin per hour of machine time for a fancy lamp?
Business
1 answer:
Usimov [2.4K]3 years ago
7 0

Answer:

$42

Explanation:

Data provided as per the requirement of contribution margin per hour of machine time is here below:-

Unit Contribution Margin = $21

Machine Time required by fancy lamp = 0.50 hours

The computation of contribution margin per hour of machine time is shown below:-

Contribution Margin Per Hour of machine time = Unit Contribution Margin ÷ Machine Time required by fancy lamp

= $21 ÷ 0.50 hours

= $42

Therefore for computing the contribution margin per hour of machine time we simply divide the unit contribution margin by machine time required by fancy lamb.

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<span>The four factors that determine wage differentials include efficiency in labor, where skilled workers may get higher pay than the unskilled ones; working conditions is another factor, as performing one’s job in dangerous areas may give higher pay to compensate for the risks involved; discrimination also affects the wage rates and said rates may be biased against a certain person or group; lastly, there is the demand for laborers across occupations that vary, and the wage paid may depend on the desirability or the requirements needed for a certain job.</span>

3 0
3 years ago
The High Towers Center is a 300-room hotel that was built ten years ago for a total project cost of $24,000,000. The market valu
bagirrra123 [75]

Answer:

$80

Explanation:

The computation of the price of a room night is given below:-

Investment made = $24,000,000

Return required at $1 per 1,000 = $24,000

Number of rooms = 300

Price of Room rent =  Return ÷ Number of rooms

= $24,000 ÷ 300

= $80

Therefore for computing the room price of room rent we simply divide the number of rooms by return required.

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3 years ago
True or False (PLEASE ANSWER QUICK)
earnstyle [38]
It’s TRUE I took the test
5 0
3 years ago
FDR altered the direction of the nation's economic direction. What were the causes of the Depression? Discuss the cornerstone po
Dima020 [189]

Answer:

The causes of the Great Depression were many and varied, but the impact was visible across the country. By the time that FDR was inaugurated president on March 4, 1933, the banking system had collapsed, nearly 25% of the labor force was unemployed, and prices and productivity had fallen to 1/3 of their 1929 levels.

Later, a second New Deal was to evolve; it included union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. ... In the long run, New Deal programs set a precedent for the federal government to play a key role in the economic and social affairs of the nation.

Explanation:

The Great Recession—sometimes referred to as the 2008 Recession—in the United States and Western Europe has been linked to the so-called “subprime mortgage crisis.” Subprime mortgages are home loans granted to borrowers with poor credit histories. Their home loans are considered high-risk loans.

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3 years ago
Assume that Jose is indifferent between investing in a corporate bond that pays 10 percent interest and a stock with no growth p
ddd [48]

Answer:

e. None of these.

Explanation:

Step 1. Given information.

Taxable Dividend Yield = 9.7%

Tax rate on Dividend yield=15%

Interest rate=10%

Let Tax rate on Interest=X

Step 2. Formulas needed to solve the exercise.

Interest rate * (1 - x) = taxable dividend yield ( 1 - tax rate on dividend yield)

Step 3. Calculation.

0.10*(1-x)=0.097*(1-0.15)

0.10-0.10x=0.08245

0.10x=0.01755

x=0.01755/0.10

=0.1755

=17.55%

Step 4. Solution.

e. None of these.

7 0
3 years ago
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