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Lady bird [3.3K]
3 years ago
12

Miller and Sons' static budget for 9,800 units of production includes $35,800 for direct materials, $54,600 for direct labor, va

riable utilities of $6,800, and supervisor salaries of $14,100. A flexible budget for 12,900 units of production would show: a. direct materials of $47,124, direct labor of $71,871, utilities of $8,951, and supervisor salaries of $16,920 b. total variable costs of $111,300 c. the same cost structure in total d. direct materials of $47,124, direct labor of $71,871, utilities of $8,951, and supervisor salaries of $14,100 Round your final answer to the nearest dollar. Do not round interim calculations
Business
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Miller and Sons' static budget for 9,800 units of production includes:

Direct material= $35,800 (35800/9800=3.653)

Direct labor= $54,600  (54600/9800= 5.5714)

Variable utilities of $6,800 (6800/9800=0.694)

Supervisor salaries of $14,100.

Units= 12900

Direct material: 3.653*12,900= 47,124

Direct labor=  5.5714*12,900= 71,871

Variable utilities= 0.694*12,900= 8,953

Supervisor salaries of $14,100.

The supervisor salary is a fixed cost.

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8 0
1 year ago
Griffins Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest expense of $45,000
Gemiola [76]

Answer:

a. $6.54 per share

b. $1.73 per share

Explanation:

The computation is shown below:

1. Earning per share is

= Net income ÷ shares of common stock outstanding

where,

Net income is

= Sales - costs - depreciation expense - interest expense - tax expense

= $664,000 - $326,000 - $70,000 - $45,000 - $49,060

= $173,940

The tax expense is

= (Sales - costs - depreciation expense - interest expense) × tax rate

= ($664,000 - $326,000 - $70,000 - $45,000) × 22%

= $49,060

Now the earning per share is

= $173,940 ÷ 26,600 shares

= $6.54 per share

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7 0
3 years ago
Iceberg Storage, a leading hard drive manufacturer, recently filed for bankruptcy. While most of Iceberg's competitors were shif
katen-ka-za [31]

Answer:

The correct answer is the option D: path dependence.

Explanation:

To begin with, the concept called as <em>''path dependence''</em> in the field of management and economics, is known for refering to the situation where the past decisions of a person affects the current situation that the person is going through and therefore it is said that the dependence is in the path that the person choose.

To sum up, the scenario illustrated in the case of Iceberg Storage relates to a case of path dependence due to the fact that its managers decided to invested in something that the competitors did not and therefore to take risks knowing that a possible damage can occur in the future, and eventually it did.

8 0
3 years ago
Read 2 more answers
Hunter Manufacturing Inc.'s December 31, 2009, balance sheet showed total common equity of $2,050,000 and 100,000 shares of stoc
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Answer:

$22.00

Explanation:

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Total equity as of 31 Dec 2010 = total common equity at 31 Dec 2009 + net income of 2010 – paid out dividends in 2010 = $2,050,000 + $250,000 - $100,000 = $2,200,000

The book value per share at 12/31/10 = Total equity as of 31 Dec 2010/ number of share outstanding = $2,200,000/ 100,000 = $2200

5 0
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raketka [301]
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