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NeX [460]
3 years ago
9

Colorado Business Tools manufactures calculators. Costs incurred in making 9,940 calculators in February included $29,350 of fix

ed manufacturing overhead. The total absorption cost per calculator was $10.70.
Required:
a. Calculate the variable cost per calculator.
b. The ending inventory of pocket calculators was 750 units higher at the end of the month than at the beginning of the month. By how much and in what direction (higher or lower) would operating income for the month of February be different under variable costing than under absorption costing?
c. Express the pocket calculator cost in a cost formula.
Business
1 answer:
baherus [9]3 years ago
6 0

Answer and Explanation:

The computation is shown below:

a)

Fixed manufacturing overhead per unit  is

= $29,350 ÷ 9,940

= $2.95 per unit

Now  

Variable cos per calculator is

= $10.70- $2.95

=$ 7.75 per calculator

b)Variable costing income will be lower by

= 750 units × $2.95

= $2,213

= Fixed cost + n × variable cost per calculator

c) The Cost formula (y) is  

= $29,350 + 7.75 x

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ololo11 [35]

Answer:

True

Explanation:

The formula to compute the payback period is shown below:

Payback period = Initial investment ÷ Annual net cash inflow

When the company is cash poor so the first target is to improve the liquidity and maintain that liquidity so that the company is able to pay off its short term debt or obligations

Therefore for a long payback period and a high

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Hence, the given statement is true

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3 years ago
Mohan is a first-generation immigrant from India. He works as an engineer in a software company in the United States. He is a go
Anni [7]

Answer:

The law gives him the right to protect himself from this behavior

Explanation:

The Civil Right Acts' prohibition title VII gives protection against discrimination to workers from different ethnic groups in the work place. This kind of discrimination can cause national-origin lawsuit in title VII. But it is necessary that if Mohans job involves speaking to the public that he speaks some English.

5 0
3 years ago
An insurance agent’s files reveal the following facts about his policyholders: i) 243 own auto insurance. ii) 207 own homeowner
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Answer: 407

Explanation:

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4 years ago
A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return
Olegator [25]

Answer:

-$306.15 and rejected

Explanation:

Year     Cash flows Discount factor  Present value

                                at 12%

0          $-119,000 1                              $-119,000  (A)

1          $52,800 0.8928571429 $47142.86

2          $60,200 0.7971938776 $47,991.07

3          $33,100      0.7117802478         $23559.93

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Net present value                                -$306.15 (A - B)

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<h3 /><h3>Amount Insurance company paid for damage</h3>

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Learn more about insurance here:brainly.com/question/25855858

<h3 />
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