This question is a bit tricky to answer because it does not state how often interest rate is applied so lets say for the simple 5% interest rate the rate of interest was calculated after 2 years you would pay a total interest of $15 since interest was only calculated once but for the 3% calculating every year with compound it would be a total of 18.27 dollars in interest but then you would have to calculate the 5% simple interest the same way which would total to $30 if calculated once a year being more than the 3% compound. But lets say interest is calculated once a month your total for the 5% simple interest would be $360 dollars interest for those 2 years and the 3% compound would be $406.97 dollars in interest. So over all the less amount of times interest compounds the less interest there is making it more worth than the simple but if the compounding occurs more frequently the simple 5% interest is more worth it. In this situation I think it might just be yearly interest which makes the 3% compound more worth taking for this short amount of time.
Answer:
Part a. Compute the unit product cost under absorption costing.
Variable costs per unit:
Direct materials $ 165
Direct labor $ 72
Variable manufacturing overhead $ 8
Fixed Overheads per unit:
Fixed manufacturing overhead ($535,500/10,500) $ 51
Unit product cost $296
Part b. Compute the unit product cost under variable costing.
Variable costs per unit:
Direct materials $ 165
Direct labor $ 72
Variable manufacturing overhead $ 8
Unit product cost $245
Explanation:
Part a. Compute the unit product cost under absorption costing.
Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate
Part b. Compute the unit product cost under variable costing.
Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost
Answer:
Common Size Income Statement
Explanation:
In a common size income statement, each line item of the Income statement is expressed as a percentage of the sales amount for that period.
This helps in comparing performance of companies in different sectors or industries.
Answer and Explanation:
(a)
Variables are given as follows
Total number of cars, C1
Total number of trucks, T1
(b)
Our aim is to maximize the total profit of Green Vehicle Inc.
Max z = 300T1 + 220T1
(c)
In this question, we have limitations, which are
0.025T1 + 0.017C1 ≤ 1
0.020T1 + 0.020C1 ≤ 1
hence attached below are the excel solutions to the problem
Answer:
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Technology - Technology is defined as the information about some thing. We may also use these technologies in our business
Ex :- Internet is a technology.