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Ierofanga [76]
2 years ago
6

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $589,

600 with 376,800 estimated direct labor hours. Deluxe widget production requires 4 direct labor hours for each unit, and regular widget production requires 4 direct labor hours for each unit. Using a single plantwide factory overhead rate with an allocation base of direct labor hours, the factory overhead that Challenger Factory will allocate to regular widget production if budgeted production of regular widgets for the period is 75,000 units and actual production of regular widgets for the period is 127,500 units would be
Business
1 answer:
alekssr [168]2 years ago
3 0

Answer:

Challenger Factory

The total factory overhead that Challenger Factory will allocate to regular widget production if budgeted production is 75,000 units and actual production for the period is 127,500 units would be:

= $795,600.

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $589,600

Total estimated direct labor hours = 376,800

Overhead rate = $589,600/376,800 = $1.56

Direct labor hours per unit of widget = 4 hours

Budgeted production of regular widgets for the period = 75,000 units

Total direct labor hours for the period = 75,000 * 4 = 300,000 hours

Actual production of regular widgets for the period = 127,500

Total direct labor hours for regular widgets = 510,000 (127,500 *4)

Total factory overhead that Challenger Factory will allocate to regular widget production if budgeted production is 75,000 units and actual production for the period is 127,500 units would be:

= 510,000 * $1.56 = $795,600

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Eastern Electric currently pays a dividend of about $1.64 per share and sells for $27 a share.
Gre4nikov [31]

Answer:

a. 9.07%

b. 5.93%

c. 12.07%

Explanation:

Dividend valuation method is used to calculate the the value of stock based on the dividend paid, its growth rate and rate of return.

Stock Price = Dividend / ( Rate of return - Growth rate )

a.

$27 = $1.64 / ( Rate of return - 3% )

Rate of return - 0.03 = $1.64 / $27

Rate of return - 0.03 = 0.0607

Rate of return = 0.0607 + 0.03

Rate of return = 0.0907 = 9.07%

b.

$27 = $1.64 / ( 12% - Growth rate )

0.12 - Growth rate = $1.64 / $27

0.12 - Growth rate = 0.0607

Growth rate = 0.12 - 0.0607

Growth rate = 0.0593 = 5.93%

c.

$27 = $1.64 / ( Rate of return - 6% )

Rate of return - 0.06 = $1.64 / $27

Rate of return - 0.06 = 0.0607

Rate of return = 0.0607 + 0.06

Rate of return = 0.1207 = 12.07%

4 0
3 years ago
Carlisle Enterprises, a specialty pharmaceutical manufacturer, has been losing market share for three years because several key
Olegator [25]

Answer:

It should obtain at least:  $  17,363,986.04

Explanation:

we have several cash flow of different magnitude. As thisi s a finite sum of cash flow, we solve using present value of each lump sum using our WACC as discount rate:

\frac{Nominal}{(1 + rate)^{time} } = PV

\frac{8,500,000}{(1 + 0.15)^{1} } = PV

\frac{7,500,000}{(1 + 0.15)^{2} } = PV

\frac{5,000,000}{(1 + 0.15)^{3} } = PV

\frac{2,000,000}{(1 + 0.15)^{4} } = PV

\frac{500,000}{(1 + 0.15)^{5} } = PV

Year      Nominal Cash Flow Present Value

1   8,500,000.00      7,391,304.35

2   7,000,000.00    5,293,005.67

3   5,000,000.00       3,287,581.16

4   2,000,000.00      1,143,506.49

5      500,000.00       248,588.37

Total Present value  17,363,986.04

8 0
3 years ago
True Corporation, a wholly owned subsidiary of Trumaine Corporation, generated a $400,000 taxable loss in its first year of oper
Dafna1 [17]

Answer:

a. The overall state income tax for the unitary group is $60,474

b. The aggregate state income tax for the entities if they were non-unitary is $110,000

c. The aggregate state income tax for the entities if they were non-unitary-overall state income tax for the unitary group is $49,253

Explanation:

a. In order to calculate the overall state income tax for the unitary group we would have to make the following calculation:

overall state income tax for the unitary group=state A income tax+ state B income tax

state A income tax=state taxable income*tax rate

state taxable income=$600,000*30.7%

state taxable income=$184,200

tax rate=8%

Therefore, state A income tax=$184,200*8%

state A income tax=$14,736

state B income tax=state taxable income*tax rate

state taxable income=$600,000*69.3%

state taxable income=$415,800

tax rate=11%

Therefore, state B income tax=$415,800*11%

state A income tax=$45,738

Therefore, overall state income tax for the unitary group=$14,736+$45,738

overall state income tax for the unitary group=$60,474

The overall state income tax for the unitary group is $60,474

b. In order to calculate the aggregate state income tax for the entities if they were non-unitary we would have to make the following calculation:

aggregate state income tax for the entities if they were non-unitary=aggregate state income tax state A+aggregate state income tax state B

aggregate state income tax state A=0

aggregate state income tax state B=$1,000,000*11%

aggregate state income tax state B=$110,000

Therefore, aggregate state income tax for the entities if they were non-unitary=0+$110,000

aggregate state income tax for the entities if they were non-unitary=$110,000

The aggregate state income tax for the entities if they were non-unitary is $110,000

c. The aggregate state income tax for the entities if they were non-unitary-overall state income tax for the unitary group=$110,000-$60,474

The aggregate state income tax for the entities if they were non-unitary-overall state income tax for the unitary group=$49,253

3 0
3 years ago
If the price of a good increases by 5% and the quantity demanded decreases by 5%, then at that price, the good is _____.
anastassius [24]

Answer: unitary price elastic

Explanation:

A good is unitary price elastic if a change in price leads to the same proportional change in quantity demanded.

The coefficient of a good with unitary elasticity is 1 .

Coefficient of elasticity = percentage change in quantity demanded / percentage change in price

= 5% / 5% = 1

I hope my answer helps you

7 0
2 years ago
A client recently purchased a sizeable number of mutual fund shares and knows that the Net Asset Value will change daily. The cu
julsineya [31]

Answer:

(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.

Explanation:

The Net asset value(NAV) of any mutual fund corporation can be determined using below mentioned formula:

Net asset value(NAV) per share=(Current market value of all assets - liabilities) /Total number of shares outstanding.

Based on the above formula, the statement which best describe the computation  to arrive at NAV per share is

(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.

7 0
3 years ago
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