Which of the following is NOT a form of installment credit?

Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds per unit at a $3 standard price per pound. The comp

jekas [21]

Answer:

Dr. Work in process $49,500

Dr. Material Quantity Variance $4,500

Cr. Raw material Inventory $49,500

Explanation:

First we need to calculate the Material usage variance

Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds

Standard cost of Standard Material = 16,500 pounds x $3 = $49,500

Actual usage at standard cost = 16,650 pounds x $3 = $49,950

Material usage Variance = $49,950 - $49,500 = $450 unfavorable

When the actual cost incurred is more than the standard cost the variance is unfavorable.

3 0

3 years ago

11. If you want to have a return for your Final Portfolio (that is invested between Optimal Risky portfolio and Risk Free Securi

melamori03 [73]

Answer:

Answer is explained in the explanation section.

Explanation:

Note: First of all, this question is incomplete and lacks necessary data to calculate this question. However, I have found the similar question on the internet with complete data given. Additionally, I have shared that data as well in the attachment below for your convenience, Thanks.

Solution:

SD = Standard Deviation

Using utility function, E(R) = Rp - 0.005 x A x $SD^{2}$ = 1.34 - 0.005 x 3x $4.06^{2}$

Using utility function, E(R) = 1.093%

If the weight in the risky portfolio is let's say, "a" then,

weight in the risk-free asset = 1 - a

So,

E(R) = a x Rp + (1 - a) x Rf

1.093% = a x 1.34% + (1 - a) x 0.50%

Solving for "a"

a = 70.56% - weight in risky portfolio

and 1 - a = 29.44% - weight in risk-free asset.

Similarly, if you want a return of 1.10%,

we can follow the above steps and get

1.1% = a x 1.34% + (1 - a) x 0.5%

Weight in risky portfolio,

a = 71.43%

weight in risk-free asset,

1 - a = 28.57%

5 0

3 years ago

An investment has an expected return of 11 percent per year with a standard deviation of 26 percent. Assuming that the returns o

Keith_Richards [23]

Answer:

$P(X$

And we can find this probability using the normal standard distribution table or excel and we got:

$P(Z$

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

Solution to the problem

Let X the random variable that represent the expected return, and for this case we know the distribution for X is given by:

$X \sim N(11,26)$

Where $\mu=11$ and $\sigma=26$

We are interested on this probability

$P(X$

And the best way to solve this problem is using the normal standard distribution and the z score given by:

$z=\frac{x-\mu}{\sigma}$

If we apply this formula to our probability we got this:

$P(X$

And we can find this probability using the normal standard distribution table or excel and we got:

$P(Z$

4 0

3 years ago

A(n) __________, used to justify the project is typically prepared in the analysis phase of the secsdlc, must be reviewed and ve

allsm [11]

A CBA , used to justify the project is typically prepared in the analysis phase of the secsdlc, must be reviewed and verified prior to the development of the project plan.

A project plan is a collection of official documents outlining the project's execution and control phases. In addition to addressing scope, cost, and schedule baselines, the plan takes risk management, resource management, and communications into account.

A project plan is a document that outlines each step needed to complete a project from A to B. It is sometimes portrayed as a Gantt chart. It acts as a roadmap by outlining the project phases, important project tasks, their start and end dates, interdependencies, and project milestones.

Learn more about project plan here

brainly.com/question/15410378

#SPJ4

4 0

2 years ago

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

dlinn [17]

Answer:

Selling price= 240*1.4= $336

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (252,000/30,000) + 2.1

Predetermined manufacturing overhead rate= $10.5 per machine hour

Job T687:

Number of units in the job 10

Total machine-hours 30

Direct materials $ 675

Direct labor cost $1,050

Now, we need to allocate overhead and determine the total cost:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10.5*30= $315

Total cost= 675 + 1,050 + 315= $2,040

Finally, the unitary cost and selling price:

Unitary cost= 2,040/10= $240

Selling price= 240*1.4= $336

3 0

3 years ago