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mamaluj [8]
3 years ago
12

MC Qu. 157 Current information for the... Current information for the Healey Company follows: Beginning raw materials inventory

$ 16,100 Raw material purchases 69,000 Ending raw materials inventory 17,500 Beginning work in process inventory 23,300 Ending work in process inventory 28,900 Direct labor 47,300 Total factory overhead 30,900 All raw materials used were traceable to specific units of product. Healey Company's total manufacturing costs for the year are:
Business
1 answer:
Ray Of Light [21]3 years ago
5 0

Answer:

$145,800

Explanation:

Calculation to determine what Healey Company's total manufacturing costs for the year are:

TOTAL MANUFACTURING COSTS

Beginning raw materials inventory $ 16,100

Add Raw material purchases $69,000

Less Ending raw materials inventory $17,500

Add Direct labor $47,300

Add Total factory overhead $30,900

Total manufacturing costs $145,800

Therefore Bealey Company's total manufacturing costs for the year are:$145,800

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A firm currently produces 3,500 units of output per week. After an additional worker is hired, output rises to 3,750 units per w
MrRissso [65]

Answer:

C. $2

Explanation:

The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:

3,750-3500= 250

With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:

250 units ⇒ $500

     1 unit  ⇒      x

x=( 1*500)/250= 2

The firm's short-run marginal cost is $2.

4 0
3 years ago
When a round of downsizing forced Olivia's boss, Karen, to ask Olivia to absorb the responsibilities of the laid-off grant write
KIM [24]

Answer:

A

Explanation:

6 0
3 years ago
On January 1, 2019, Wasson Company purchased a delivery vehicle costing $40,000. The vehicle has an estimated 6-year life and a
ELEN [110]

Answer:

option (A) $29,920

Explanation:

Data provided in the question;

Purchasing cost = $40,000

Estimated life = 6 years

Salvage value = $4,000

Estimated driving life = 100,000

Vehicle driven in total till 2020 = 10,000 + 18,000 = 28,000

Now,

Using the units-of-production depreciation method

Total depreciation till 2020 = \frac{\textup{Purchasing cost - Salvage value}}{\textup{Estimated driving life}}\times\textup{Total distance driven}

or

Total depreciation till 2020 = \frac{\textup{40,000 - 4,000}}{\textup{100,000}}\times\textup{28,000}

or

Total depreciation till 2020 = $10,080

Thus,

Book value on December 31, 2020 = Purchasing cost - Depreciation

= $40,000 - $10,080

= $29,920

Hence,

The correct answer is option (A) $29,920

5 0
3 years ago
Your aunt wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% on her i
steposvetlana [31]

Answer:

$33,641.50

Explanation:

The computation of the amount withdrawn for the year is shown below:

As we know that

Present value = Annual withdrawals × Present value of annuity factor (7.5%,25)  

$375,000 = Annual withdrawals × 11.14694586

So, annual withdrawals is

= $375,000 ÷ 11.14694586

= $33,641.50

We simply applied the above formula so that the annual withdrawn could come

3 0
3 years ago
The sampling distribution of the mean describes the pattern that ____________ tend to follow when randomly drawn from a populati
Andreas93 [3]

Answer:

B) sample averages

Explanation:

The sampling distribution of the mean is the average of the population obtained from the sample. It shows the patterns that the sample mean (or average) tends to follow. If the population distribution is normal, then the sampling distribution of the mean should follow the same pattern for all the samples obtained from the population. The mean or average of the sampling distribution should equal the population mean.

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3 years ago
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