What does NBT stand for? For Life Orientation

During the current year, Comma Co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative prefe

wlad13 [49]

Answer:

B) $7.36

Explanation:

The preferred stocks' dividends = 8,000 x $20 x 10% = $16,000

To calculate earnings per share (EPS), we subtract the preferred stocks dividends from the net income = $200,000 - $16,000 = $184,000

Now we divide by the total number of common stocks = $184,000 / 25,000 shares = $7.36

*Convertible bonds are not included in this calculation, they should be included only after they are converted into stock.

8 0

3 years ago

Mckerchie Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air cond

sweet [91]

Answer:

The minimum price which the company should not go below is $26.00

Explanation:

The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.

Thus we need to calculate the per unit cost of the special order.

Unit cost of the special order

Direct materials $ 13.00

Direct labor $ 7.00

Variable manufacturing overhead $ 6.00

Total Cost $26.00

Note

All fixed cost are irrelevant in this calculation as the cost would be incurred whether or not the special order is accepted.

Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense

8 0

3 years ago

Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has t

m_a_m_a [10]

Answer:

a) Molding Painting Total

Product costs:

Direct materials $242,500 $211,000 $453,500

Direct labor $327,500 $219,000 $546,500

Overhead $105,000 $82,500 $187,500

Subtotal $675,000 $512,500 $1,187,500

Period costs (service departments):

Maintenance $191,376 $24,624 $216,000

Accounting $171,171 $227,829 $399,000

Administration $153,410 $76,590 $230,000

Subtotal $515,957 $329,043 $845,000

Total costs $1,190,957 $841,543 $2,032,500

2) product costs per unit:

molding = $675,000 / 100,000 units = $6.75 per unit

painting = $512,500 / 100,000 units = $5.125 per unit

total product cost per unit = $11.875 per unit

3) period costs per unit:

molding = $515,957 / 100,000 units = $5.16 per unit

painting = $329,043 / 100,000 units = $3.29 per unit

total product cost per unit = $8.45 per unit

Explanation:

Molding Painting

Building area 441,000/497,700 = 88.6% 56,700 /497,700 = 11.4%

Employees 66/154 = 42.9% 88/154 = 57.1%

Equipment value $118/$177 = 66.7% $59/$177 = 33.3%

3 0

3 years ago

After you are done taking notes from a speaker, you should _____.

Nataly [62]

Study those notes every night and learn stuff

3 0

3 years ago

Read 2 more answers

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

quester [9]

Answer:

$61,200

Explanation:

The computation of the total period cost for the month under absorption costing is shown below:

= Fixed selling and administrative expense + Variable selling and administrative expense rate × number of units sold

= $34,000 + 6,800 units × $4

= $34,000 + $27,200

= $61,200

As we know that the period cost includes the major part of the selling expenses and we applied the same for the above computation

5 0

4 years ago

What does NBT stand for?For Life Orientation​

What does NBT stand for?For Life Orientation