Answer: $26.48
Explanation:
The total cost of producing 2,000 units of Job 434 is;
= Direct materials + Direct labor cost + Manufacturing overhead cost
= 41,000 + (620 hours * 13 ) + ( 10 * 390 hours)
= $52,960
Unit product cost:
= total cost/ no. of units
= 52,960/ 2,000
= $26.48
Answer:
The correct answer is letter "A": True.
Explanation:
Risk-adjusted return is a measurement of risk for an investment or portfolio. It involves comparing the return of the investment or portfolio against the benchmark which is the overall performance of the market (typically compared with the S&P 500 index). For that purpose, the approach makes use of indicators such as <em>the alpha, beta </em>or <em>standard deviation</em>. <em>Beta </em>measures how correlated is the movement of a security according to the overall market movement. If a stock exceeds the return of the S&P 500 index, it means it is outperforming the market.
Answer:
The correct option is C. $704,000
Explanation:
The computation of total cash payments is shown below:
= Cost of goods sold - net effect of inventory balance - net effect of accounts payable balance
where,
Net effect of inventory balance = Opening inventory balance - Ending inventory balance
= $200,000 - $188,000
= $12,000
Net effect of inventory balance = Ending accounts payable balance - opening accounts payable balance
= $84,000 - $80,000
= 4,000
So, the cash payment is equals to
= $720,000 - $12,000 - $4,000
= $704,000
Hence, the correct option is C. $704,000
Answer:
no, since other things are not held constant, including her income
Explanation:
The law of demand states that price has an inverse relationship with quantity demanded of a good. As price increases the demand reduces, and as price decreases quantity demanded increases.
However this is true when all other factors reman constant.
In the given scenario the price of hamburger has fallen but Hilary buys less of it. This looks like a violation of the law of demand, but her income has changed so the law of demand may not hold here.
All factors do not remain constant.
Hilary's behaviour can be explained by the concept income effect. Where an increase in income leads to the consumer buying more of expensive goods than cheaper ones.
Answer:
$0.6 per pounds
Explanation:
The computation of the standard unit materials cost per pound is shown below:-
Whole Tomatoes = 5,000 × $0.75
= $3,750
Vinegar = 350 × 0.90
= $315
Corn syrup = 40 × 7.50
= $300
Salt = 125 × 1.80
= $225
Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt
= $3750 + $315 + $300 + $225
= $4,590
Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds
= $4,590 ÷ 7,650 pounds
= $0.6 per pounds
