1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
trapecia [35]
2 years ago
15

Required information The Foundational 15 (Static) [LO13-2, LO13-3, LO13-4, LO13-5, LO13-6] Skip to question [The following infor

mation applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 100,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha Beta Direct materials $ 30 $ 12 Direct labor 20 15 Variable manufacturing overhead 7 5 Traceable fixed manufacturing overhead 16 18 Variable selling expenses 12 8 Common fixed expenses 15 10 Total cost per unit $ 100 $ 68 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. Foundational 13-1 (Static) Required: 1. What is the total amount of traceable fixed manufacturing overhead for each of the two products
Business
1 answer:
Nonamiya [84]2 years ago
5 0

Answer:

Cane Company

Total traceable fixed manufacturing overhead:

Alpha  = $1,600,000

Beta =    $1,800,000

Explanation:

a) Data and Calculations:

                                                                  Alpha      Beta

Selling price per unit                                 $120       $80

Direct materials                                         $ 30       $ 12

Direct labor                                                   20          15

Variable manufacturing overhead                7            5

Traceable fixed manufacturing overhead  16           18

Variable selling expenses                           12            8

Common fixed expenses                            15           10

Total cost per unit                                  $ 100       $ 68

Total traceable fixed manufacturing overhead:

Alpha  = $1,600,000 ($16 * 100,000)

Beta =    $1,800,000 ($18 * 100,000)

You might be interested in
Crane purchases equipment by signing a note payable with the equipment dealer for $10,000. The accounts affected for Crane are _
maxonik [38]

Answer:

Equipment and notes payable

Explanation:

Since the equipment is purchased by signing the note payable which affected the two accounts i.e equipment and the note payable. In this, the cash transaction is not involved, so cash should not be considered

The journal entry would be

Equipment A/c Dr $10,000

        To Notes payable $10,000

(Being the equipment is purchased  by signing a note payable)

7 0
3 years ago
What is the total return for a stock that currently sells for $100, pays a dividend in one year of $2, and has a constant growth
Kobotan [32]

What is the total return for a stock that currently sells for $100, pays a dividend in one year of $2, and has a constant growth rate of 8 percent?

Total return will be 10%.

What is total return?

The overall return is shown as a proportion of the initial investment. For instance, a total return of 20% signifies that the asset's value increased by 20% overall as a result of price growth, dividend payments (if the security is a stock), coupon payments (if the security is a bond), or capital gains (if a fund).

R  = 10%

10% is the total return for a stock that currently sells for $100, pays a dividend in one year of $2, and has a constant growth rate of 8 percent.

Learn more about total return here:

brainly.com/question/28165464

#SPJ4

7 0
2 years ago
New balance, inc. , successfully repositioned its athletic shoes to focus on fit, durability, and comfort rather than competing
stiv31 [10]

The action of New Balance, Inc. to successfully reposition its athletic shoes to focus on fit, durability, and comfort rather than competing head-on against Nike and Adidas in fashion and professional sports is <u>A. a reaction to a </u><u>competitor's position</u><u>.</u>

<h3>What is competitive positioning?</h3>

Competitive positioning is offering and creating value for your customers and brand in the market.

The following four competitive positions can be assumed by an entity, depending on the adopted market strategies:

  • Market leadership
  • Market challenging
  • Market followership
  • Market niching.

<h3>Answer Options:</h3>

A. react to a competitor's position

B. reach a new target market segment

C. catch a rising trend

D. change the value offered to its customers

E. accommodate its target audience's preference for comfortable sneakers

Thus, New Balance, Inc. is likely reacting to <u>Option A</u>.

Learn more about market positioning at brainly.com/question/25165063

4 0
2 years ago
The unequal distribution of wealth, income, power, and poverty is called
OverLord2011 [107]

The answer to this question is social inequality. Social inequality is the unequal amount of opportunity and reward that is given to a person depending on their race, gender, age, or class. Social inequality can be categorized into 5 types such as political inequality, income inequality, life inequality, inequality of membership, and inequality of treatment.

5 0
3 years ago
On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of
lions [1.4K]

Answer:

Explanation:

Base on the question been given to us, we can solve this using equity method as seen below

Investments in Polo = 300000+0.75*(40000-10000-5000*)

300000+0.75*(25000)

300000+18750

$318,750

Increase in value of Patent $50,000

Economic Life 10

Amortization $5,000

The $ 5000 would be reduced from the net income

6 0
3 years ago
Other questions:
  • An asset was purchased for $126,000 on January 1, Year 1, and originally estimated to have a useful life of 8 years with a resid
    5·1 answer
  • True or False. Each organization or subcontractor responsible for a group or type of activities should always designate an inexp
    7·1 answer
  • 4. Describe a nonprice competition strategy that you have seen a company use. Do you think this strategy was effective? Why or w
    12·1 answer
  • Casello Mowing &amp; Landscaping year-end 2018 balance sheet lists current assets of $437,200, fixed assets of $552,800, current
    11·1 answer
  • Which term refers to an economic situation where the large amount of money in circulation creates continuous pressure to raise p
    8·2 answers
  • Briny Sail Makers manufactures sails for sailboats. The company has the capacity to produce 35,000 sails per year and is current
    8·1 answer
  • What is the purpose of a cover letter?
    12·2 answers
  • The U.S. government pays for _____ that producers would most likely not provide in the marketplace, such as building roads.
    13·2 answers
  • Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $2,000 in its Allowance for Doubtful
    9·2 answers
  • An investor is contemplating the purchase of a 20-year bond that pays $50 interest every six months. the investor plans to hold
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!