The doctrine of state decisis is a

The manufacturing cost of Calico Industries for three months of the year are provided below: Total Cost Production (units) April

VikaD [51]

Answer:

a. $0.23 per unit and $48,701

Explanation:

Highest total cost (Ch)= $113,400

Most units produced (Uh) = 281,300 units

Lowest total cost (Cl) = $87,600

Fewest units produced (Ul) = 167,700 units

According to the high-low method, the variable cost per unit is given by:

$V_c = \frac{C_h-C_l}{U_h-U_l}= \frac{113,400-87,600}{281,300-167,700}\\V_c = \$0.23\ per\ unit$

Using the month of April (highest production), total Fixed costs are given by:

$FC = 113,400- (0.23*281,300)\\FC=\$48,701$

Calico Industries' variable cost per unit and the total fixed costs are, respectively, $0.23 per unit and $48,701.

8 0

4 years ago

At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m

tigry1 [53]

Answer:

Equivalent Unit of Material = 120000 + (15000 × 40%)

Equivalent Unit of Material = 126000 units

Cost per Equivalent Unit of Material = (22400 + 229600) / 126000

Cost per Equivalent Unit of Material = 2 per unit

Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)

Equivalent Unit of Conversion Cost = 121500 units

Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500

Cost per Equivalent Unit of Conversion = 4.50 per unit

So answer is $2.00; $4.50

3 0

3 years ago

Bond A pays $8,000 in 20 years. Bond B pays $8,000 in 10 years. (To keep things simple, assume these are zero-coupon bonds, whic

Nikolay [14]

Answer:

To find the value of bond, let's use the formula:

Value of bond = price of bond / (1 + interest rate)ⁿ

Here n represents number of years.

At 7% interest rate:

Value of bond A = $\frac{8000}{(1+0.07)^2^0} = 2067.35$

Value of bond B = $\frac{8000}{(1+0.07)^1^0} = 4066.79$

At 14% interest rate:

Value of bond A = $= \frac{8000}{(1+0.14)^20} = 582.09$

Value of bond B = $= \frac{8000}{(1+0.14)^10} = 2157.95$

The difference between bond A at 7% and 14%:

$582.09 - $2067.35 = -$1485.26

The difference between bond B at 7% and 14%:

$2157.95 - $4066.79 = -$1908.84

% decrease between bond A and B:

$\frac{1908.84 - 1485.26}{1908.84} * 100 = 22.19$

Therefore, from the above calculations, we have the following:

Suppose the interest rate is 7%, Using the rule of 70, the value of Bond A is approximately $2067.35, and the value of Bond B is approximately $4066.79 .

Now suppose the interest rate increases to 14 percent.

Using the rule of 70, the value of Bond A is now approximately $528.09 , and the value of Bond B is approximately $2157.95 .

Comparing each bond's value at 7 percent versus 14 percent, Bond A's value decreases by a 22.19 percentage than Bond B's value.

The value of a bond decreases when the interest rate increases, and bonds with a longer time to maturity are more sensitive to changes in the interest rate.

4 0

3 years ago

. Janet, the manager of HollyOak Systems, is known for her passionate and people-friendly ways. Janet knows all her employees we

elixir [45]

<u>Answer:</u> Janet is a Free rein leader.

<u>Explanation:</u>

Free rein leader can also be called as Laissez Faire leadership style. In this style the leader is hands off the project and lets the subordinates make their own decisions. Also the leader is friendly and understanding. In this case Janet's traits match the free rein leadership style where the team themselves can decide the timeline of the project and the tasks. She intervenes very little in the operations.

Authoritarian and autocratic leaders are commanding they provide the directions for the employees. Democratic leader does not completely involve in the functions of the employees.

4 0

3 years ago

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturin

zlopas [31]

1.Plant wide predetermined rate= $\frac{Total Fixed Manufacturing Overheads}{Total Estimated Hours}$

Plant Wide Predetermined rate= $\frac{29800}{4000}$

Plant Wise Predetermined Rate=$7.45

2. Manufacturing Overheads Applied to P and Q

P Q

Variable Manufacturing Overheads

Molding 7540 5200

Fabrication 6120 7140

Fixed Manufacturing Overheads

Molding 21605 14900

Fabrication 13410 15645

Total 48675 42885

3. Total Manufacturing Cost assigned to Job P is $48675.

4. If P has 20 Units Unit Product Cost will be as below:

Direct Materials 25000

Direct Labour 30600

Total Manufacturing overheads assigned 48675

total Product Cost 104275

Cost per unit $5213.75

5. Total Manufacturing Cost Assigned to Job Q is $42885.

6. If Q has 30 units uint product cost will be as below:

Direct Materials 14000

Direct Labour 12300

Total Manufacturing Overheads 42885

Total Cost 69185

Cost per Unit $2306.16

7. Selling Price for P

Total Cost of P...............................................................................$104275

Mark Up...........................................................................................$38940

Selling Price......................................................................................$ 143215

Cost per unit.....................................................................................$7160.75

Selling Price for Q

Total Cost of Q ..............................................................................69185

Markup ......................................................................................... 34308

Selling Price ................................................................................103493

Cost per unit...................................................................................$3449.76

8. Cost of Goods Sold for March...................................................$173460

8 0

3 years ago

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