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3 years ago

Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.

Business

1 answer:

murzikaleks [220]3 years ago

7 0

Answer: $2.78

Explanation:

Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.

Average variable cost = Variable cost of producing 18 sneakers / 18

= 50 / 18

= 2.7778

= $2.78

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ou wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $32,000 f

AleksAgata [21]

Answer:

Annual contributions to the retirement fund will be $6,347.31

Explanation:

First find the Present Value of the Annuity giving payments of $32,000 annually for 25 years at the rate of 10%.

Using a Financial Calculator enter the following data

PMT = $32,000

P/y = 1

N = 25

R = 10%

FV = 0

Thus, the Present Value, PV is $290,465.28

At the time of retirement (in 20 years time) the Value of the annuity fund is $290,465.28.

Next we need to find the Payments PMT to reach this amount in 20 years time at the interest rate of 8%

Using a Financial Calculator enter the following data

FV = $290,465.28

N = 20

R = 8 %

PV = $0

Thus, the Payments, PMT required will be $6,347.3080

Conclusion :

Annual contributions to the retirement fund will be $6,347.31

3 0

3 years ago

Units Produced 20,000

Alexeev081 [22]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Units Produced 20,000

Units Sold 17,000

Unit Sales Price $ 240

Full Manufacturing Cost Per Unit $97

<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>

Income statement:

Sales= (17,000*240)= 4,080,000

Cost of goods sold= (17,000*97)= (1,649,000)

Gross profit= 2,431,000

Variable Selling Expenses= (71,000)

Fixed General and Administrative Costs= (88,000)

Net operating income= 2,272,000

3 0

3 years ago

You have $1 to spend on a vending machine snack. a bag of chips will cost you $1 and a candy bar will also cost you $1. if you c

tensa zangetsu [6.8K]

It's 1 dollar because u have 1 dollar and the chips cost 1 dollar so basically u have no money left

7 0

3 years ago

Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What

Leto [7]

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.

7 0

3 years ago

Higgs Enterprise's flexible budget cost formula for indirect materials, a variable cost, is $0.75 per unit of output. If the com

balandron [24]

Answer:

$5,400= indirect material

Explanation:

Giving the following information:

Standard= $0.75 per unit of output.

Indirect material spending variance= $600 favorable

8,000 units of output were produced last month.

To determine the indirect material costs incurred, we need to use the following formula:

Indirect material price variance= (standard price - actual price)*actual quantity

600= (0.75 - actual price)*8,000

600= 6,000 - actual price

5,400= actual price (in total)

To prove:

Indirect material price variance= (0.75*8,000 - 5,400)

Indirect material price variance= $600 favorable

6 0

3 years ago