Answer:
Sry, I can't understand anything at all!
Explanation:
The computation is shown below:
Material Cost per unit = Total Material Cost ÷ Equivalent units of production
= $35,500 ÷ 10,000 units
= $3.55
Conversion Cost per unit = Total conversion cost ÷ Equivalent units of production
= $54,000 ÷ 12,000 units
= $4.5
Total Manufacturing cost per unit = Material cost per unit + conversion cost per unit
= 3.55 + 4.5
= $8.05
Answer:
$62,160
Explanation:
Given:
Purchase price = $300,000
Down payment = 10% of purchase price = 0.1 × $300,000 = $30,000
Thus,
the cumulative amount to be financed = $300,000 - $30,000 = $270,000
The present value of an annuity of $1 per year for 8 years at 16% = $4.3436
Now,
Annual payment
= ( Cumulative Amount financed ) / ( Cumulative PV factor at 16% for 8 years)
= $270,000 / 4.3436
= $62,160.42
≈ $62,160
