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Ludmilka [50]
3 years ago
14

Use the information below for Jensen Company to answer the question that follow. Direct materials used $345,000 Direct labor inc

urred 250,000 Factory overhead incurred 400,000 Operating expenses 175,000 Jensen Company's product costs are a.$825,000 b.$995,000 c.$920,000 d.$770,000
Business
2 answers:
AnnZ [28]3 years ago
8 0

Answer:

b.$995,000

Explanation:

Jensen Company

Direct materials used $345,000

Direct labor incurred 250,000

Factory overhead incurred 400,000

Product cost $995,000

Therefore Jensen Company's product costs is $995,000

Direct materials used $345,000 + Direct labor incurred 250,000 +Factory overhead incurred 400,000 =$995,000

kondaur [170]3 years ago
3 0

Answer:

Jensen Company's product costs are b.$995,000

Explanation:

Product Cost <em>includes</em> all Manufacturing Costs. Non-Manufacturing Costs are treated as <em>expenses</em> during the current period

<u>Calculation of Jensen Company's product costs</u>

Direct materials                       345,000

Direct labor incurred               250,000

Factory overhead incurred     400,000

Total                                          995,000

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Using the high-low method and the Millco data above, what is the approximate fixed cost component of the monthly maintenance cos
loris [4]

Millco Inc. manufactures electronic parts They are analyzing their monthly maintenance costs to determine the best way to budget these costs in the future. They have collected the following data for the last six months:

Months           Machine Hours    Maintenance Costs

January                 30,000                 $67,500

February               40,000                   74,500

March                    37,500                  65,900

April                      39,000                   68,750

May                       42,300                  74,000

June                     35,000                   64,500

Answer:

Millco Inc.

The approximate fixed cost component of the monthly maintenance costs is:

$51,600.

Explanation:

a) Data and Calculations:

Months           Machine Hours    Maintenance Costs

January                 30,000                  $67,500

February               40,000                    74,500

March                    37,500                   65,900

April                      39,000                    68,750

May                      42,300                   74,000

June                     35,000                   64,500

High-low:

May                       42,300                  $74,000 for highest

January                30,000                    67,500 for lowest

Difference            12,300                    $6,500

Variable costs = $0.53 ($6,500/12,300)

Using May, the total variable cost = 42,300 * $0.53 = $22,419

Fixed cost = $51,581 ($74,000 - $22,419)

or approximately $51,600

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3 years ago
What are the benefits and risks of changing the packaging of the tic tac product? profile the tic tac consumer. if ferrero were
zheka24 [161]

A potential risk is confusing the customers - customers have brand loyalty and recognition based off of the look and familiarity of packaging. They might always reach for the "green tic tacs" without even knowing the official flavor because they are familiar with the color, and changing the packaging could affect that.

However, a potential benefit of changing the packaging is attracting new customers who would have otherwise overlooked the product. Making the packaging new and exciting might entice new people to become buyers.

A good way to test this would be with focus groups, which are groups of people who you ask to pretend to be the customer and give you feedback on the idea. Focus groups are a good way to learn the good and bad perceptions about a change before it is put into effect.

7 0
3 years ago
Explain how wheeled coach implements ABC analysis
sladkih [1.3K]
<span>Through distinctive use of annual high dollar items, Wheeled Coach implements ABC analysis. ABC analysis is categorizing into A, B and C category.</span>
<span><span>A category represent some 15% of the</span> total inventory items, but 70–80% of the total cost.
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3 0
3 years ago
Breanna works in the mall and her hours increase during busy shopping times of the year. Breanna has a plan to save $25 each wee
kari74 [83]

Answer:

16 weeks

Explanation:

Given:

Amount saved each week in the first 5 weeks = $25

Amount saved each week in the next 7 weeks = $25 + $20 = $45

Amount saved each week afterwards = $25

Total amount to be saved = $540

Now,

The total amount saved in the first 5 weeks = $25 × 5 = $125

The total saved in the next 7 weeks = $45 × 7 = $315

Thus,

The total amount saved till now = $125 + $215 = $440

Now,

The remaining amount to be saved = $540 - $440 = $100

The time required to save the $100 = \frac{\textup{100}}{\textup{25}}

= 4

Hence,.

the total weeks required = 5 + 7 + 4 = 16 weeks

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3 years ago
The Petit Chef Co. has 7 percent coupon bonds on the market with 9 years left to maturity. The bonds make annual payments and ha
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Answer:

The YTM is 6.45%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Coupon payment = $1,000 x 7% = $70

Selling price = P = $1,038.50

Number of payment = n = 9 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $70 + ( $1,000 - $1,038.5 ) / 9 ] / [ (1,000 + $1,038.5 ) / 2 ]

Yield to maturity = [ $70 - $4.28 ] / $1,019.25  = $65.72 /$1,019.25 = 0.0645 = 6.45%

7 0
3 years ago
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