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4 years ago

Sea Company reports the following information regarding its production costs:

Business

1 answer:

kenny6666 [7]4 years ago

8 0

Answer:

correct option is (B) $94.50

Explanation:

given data

Units produced = 46,000 units

Direct labor = $39 per unit

Direct materials = $32 per unit

Variable overhead = $21 per unit

Fixed overhead = $115,000

to find out

product cost per unit under absorption costing

solution

we find Fixed overhead that is

fixed overhead = $\frac{115000}{46000}$

fixed overhead = 2.5

total cost that is

total cost = Direct labor + Direct materials + Variable overhead + Fixed overhead

product cost = $39 + $32 + $21 + $2.5

product cost = $94.50

so correct option is (B) $94.50

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2 years ago

A stronger euro is less favorable for:

Reptile [31]

Group of answer choices.

A. German tourists traveling abroad.

B. American tourists traveling in France.

C. Canadian firms selling in Germany.

D. Canadian investors with money investments in Germany.

Answer:

B. American tourists traveling in France.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country.

For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

In this context, a stronger euro is less favorable for American tourists traveling in France because the currency of the Americans, which is the U.S dollars would exchange at a far lesser rate to the euros.

However, a stronger euro would be more favorable for German tourists that are traveling abroad, Canadian firms that trade or sells its products in Germany, and Canadian investors who are having money investments in Germany.

Note: Euro is the official currency (legal tender or money) of Germany.

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3 years ago

Chevron Phillips (CP) has put into place new laboratory equipment for the production of chemicals; the cost is $1,770,000 instal

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Answer:

Chevron Phillips (CP)

a. The gross income or annual savings is:

= $804,846.

b. The income tax for the 1st year assuming a marginal tax rate of 40% is:

= $131,600.

c. The after-tax cash flow for the 1st year is:

= $559,400.

Explanation:

a) Data and Calculations;

Cost of new laboratory equipment = $1,770,000

Borrowed capital = $849,600 ($1,770,000 * 48%)

Borrowing rate = 13.4%

Borrowing interest expense for the first year = $113,846

Depreciation = $362,000

Taxable income = $329,000

Gross savings = $X

$X = $804,846 ($113,846 + $362,000 + $329,000)

Income tax for the 1st year:

Marginal tax rate = 40%

Taxable income = $329,000

= $131,600 ($329,000 * 40%)

After-tax Cash Flows for the 1st year:

Gross savings = $804,846

Interest expense 113,846

Depreciation 362,000

Taxable income $329,000

Income tax 131,600

Net income $197,400

Cash Flows:

Net income $197,400

Depreciation 362,000

After-tax cash flow $559,400

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3 years ago

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

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Answer:

The answer is 629,000.

Explanation:

For each unit of M sold, the price is 7 and the cost is 3, so the contribution margin is 4;

For each unit of N sold, the price is 4 and the cost is 2, so the contribution margin is 2;

For each unit of O sold, the price is 6 and the cost is 3, so the contribution margin is 3;
With the mix, 1 unit of sale contributes (contribution per mix) 3*M+1*N+2*O = 3*4+1*2+2*3 = 20

For covering the 340,000 of fixed costs, you have to sale 340,000/20 units. That's equal to 17,000 units.

Each unit of sales is equal to (price per mix) 7*M+4*N+6*O = 7*3+4*1+6*2 = 37. So, with 17,000 units, the total sales will be 17,000 * 37 = 629,000.

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3 years ago

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3 years ago