1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ruslelena [56]
3 years ago
6

Lakeside Inc. produces a product that currently sells for $64.80 per unit. Current production costs per unit include direct mate

rials, $26; direct labor, $28; variable overhead, $13.00; and fixed overhead, $13.00. Product engineering has determined that certain production changes could refine the product quality and functionality. These new production changes would increase material and labor costs by 20% per unit.
Required:
a. What would be the incremental profit or loss if Lakeside could sell the refined version of its product for $72 per unit? (Round your final answer to 2 decimal places. Loss amounts should be indicated with a minus sign.) Incremental Profit (Loss)
b. Should it be processed further?
Yes
No
Business
1 answer:
iren [92.7K]3 years ago
5 0

Answer:

a. Incremental costs = (Direct materials + Direct labor) * 20%

Incremental costs = ($26 + $28) * 20%

Incremental costs = $54 * 20%

Incremental costs = $10.8

Incremental selling price = $72 - $64.8 = $7.2

Incremental profit (loss) = Incremental selling price - Incremental costs = $7.2 - $10.8 = $(3.6)

b. No. As there is Incremental loss, it should not be processed further

You might be interested in
Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont
yanalaym [24]

Answer:

Explanation:

final loan amount = $18,455.86

so correct option is c. $18,455.86

Explanation:

given data

loan = $18000

rate =  10%

time = 3 months

to find out

total amount that Rahul owes the bank at the end of the loan

solution

we know that number of day in 3 months is

number of day = 3 ×  

number of day = 91.25 days

loan rate =  

loan load = 0.00027397

now final loan amount will be

final loan amount = loan amount ×        

final loan amount = $18000  ×    

final loan amount = $18,455.86

so correct option is c. $18,455.86

7 0
3 years ago
Josh is 32 years old. After graduating with a bachelor's degree, he worked for a financial organization for seven years and rece
Snezhnost [94]

Answer:

a career transition        

Explanation:

In simple words, a career transition refers to the process under which an individual changes his or her job or profession etc. Such transition could be done by changing jobs in the same job sector such as one start selling pizzas instead of burgers. On the other hand, some individual changes their occupations drastically, for instance, a doctor starts a burger shop by arranging his or her own capital.  

5 0
3 years ago
Which aspect of marketing (branding, promotion, or market research) is the most important for companies to consider when
fenix001 [56]

Market Research

Explanation:

In a global business, <u>The firm often goes into uncharted territories for themselves and takes heavy risks in places unknown to them.</u> In such a situation market research done right is the best thing a firm can hope for apart from all other things.

A market not suitable for their products will simply not be beneficial no matter how everything else works out.

For example,<u> McDonald's setting up operations in India made its menu suit the Indian taste pallet and was able to carve out a market share</u> while other food chains were not as quick to do it.

7 0
4 years ago
The standard overhead applied is based on the ______ level of activity multiplied by the predetermined overhead rate.
Alina [70]

Answer: actual level

Explanation:

It should be noted that when determining the standard overhead cost rate, overhead costs have to be grouped into the fixed cost and the variable costs.

The standard overhead applied is based on the actual level of activity multiplied by the predetermined overhead rate.

4 0
3 years ago
Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants. This change in behavior, by i
Marrrta [24]

Answer:

increased measured GDP by the full value of the restaurant meals.

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export

Some items are not included in the calculation of GDP. Some of these items are :

1. Services rendered to ones self

2. Intermediate goods

3. Illegal activities

4. Transfer payment by government.

Households cooking at home is an example of services rendered to ones self and it is not included in the calculation of GDP.

While services rendered by resturants are included in the GDP through consumption spending by households.

So if families decide to eat more at resturants, GDP is increased by the full value of resutrant meals.

I hope my answer helps you

6 0
3 years ago
Other questions:
  • g Westvaco Inc. manufactures two different sizes of monitors: small and large. Currently, its total manufacturing overhead cost
    5·1 answer
  • An array of firm resources includes interpersonal relations among managers in the firm, its culture, and its reputation with its
    13·1 answer
  • The following is a saving and investing plan. Is it diversified? Deposit $1,000 in a basic savings account. Purchase a savings b
    11·2 answers
  • Two stars have the same color, but differ by 5 magnitudes in absolute magnitude. What stellar property must be different in the
    14·1 answer
  • Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in
    5·1 answer
  • The yield on a three-month T-bill is 3.29%, and the yield on a 10-year T-bond is 4.67%. the market risk premium is 6.17%. The Al
    6·1 answer
  • Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
    5·1 answer
  • Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.70 per pound and costs $15
    9·1 answer
  • A) What are the two features in a market economy that stem from self interest?
    9·1 answer
  • On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $19
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!