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
slega [8]
3 years ago
12

Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate

, including fringe benefits$75per hourAnnual labor hours 6,350hoursAnnual materials purchase$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$670,000 Target profit margin for both labor and materials 25% What should Shale set as the materials markup per dollar of materials used
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

45%

Explanation:

Annual material purchase                                         $1,206,250

Material purchasing, handling and storage cart      $241,250

Material purchasing, handling and storage % on          20%

material purchase ($241,250/$1,206,250*10)

Target profit margin                                                         25%

Material markup per dollar of material used              45%

You might be interested in
Marx Company has a current production capacity level of 200,000 units per month. At this level of production, variable costs are
Misha Larkins [42]

Answer:

Effect on income= 7,500 increase

Explanation:

Giving the following information:

Variable costs are $0.50 per unit.

Current monthly sales are 183,000 units.

Heaven Company has contacted Marx Company about purchasing 15,000 units at $1.00 each.

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.

Sales= 15,000*1= 15,000

Variable cost= 15,000*0.5= (7,500)

Effect on income= 7,500 increase

5 0
4 years ago
Read 2 more answers
Nathan has $300 to open a checking account. He wants an account with the lowest fees. He plans on using the ATM machine, and his
forsale [732]

The answer would be account D

5 0
4 years ago
Read 2 more answers
Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
k0ka [10]

Answer:

B. Employees

Explanation:

3 0
3 years ago
Read 2 more answers
Amanda doesn't know what it means to implement a CSR<br> strategy. What do you tell her?
Anastasy [175]

<u>Explanation:</u>

All the business enterprise should involve in doing community service.  CatsCafé in Ontario can enjoy the benefits of CSR activities. Activities that are possible with the available resources at cafe can be used to perform CSR such as donating food to the underprivileged.

You can make CSR as an regular day to day activity at a cafe. When there is excess food cooked for any event or party orders need not be wasted instead can be donated for people in need.

Communication is a key to involve all the 16 employees of the cafe into CSR activities. Employee support through volunteering is important to perform CSR.

As it is a united mission this brings unity among the employees. When information spreads to outsiders they join hands for CSR and the brand image of Cafe will improve in local society.

Promote CSR activities with images and posters of employees volunteering in these activities will increase visibility of the Cafe.

6 0
3 years ago
The Wester Corporation produces three products with the following costs and selling prices:
vitfil [10]

Answer:

Product A, then Product C and finally Product B

Explanation:

The unit profit  = Selling price per unit - Variable cost per unit - Fixed cost per unit

Unit Profit of product A = $21 - $11 - $5 = $5

Unit Profit of product B = $12 - $7 - $3 = $2

Unit Profit of product C = $32 - $18 - $9 = $5

The profit of each product in 1 machine hour = 1 hour/ Machine hours per unit * Unit Profit

Profit of Product A in 1 hour using machine = 1/0.2 * $5 = $25

Profit of Product B in 1 hour using machine = 1/0.5*$2 = $4

Profit of Product C in 1 hour using machine = 1/0.2* $5 = $25

Product A & Product C have same profit in 1 hour machine, then we have to consider Direct labor hours per unit which product A is 0.4 while product C is 0.7. It means Product C is more costly in direct labour than Product A.

In short, then the ranking of the products from the most profitable to the least profitable use of the constrained resource is Product A, then Product C and finally Product B

8 0
4 years ago
Read 2 more answers
Other questions:
  • A(n) ________ group is created to do something productive for the organization and is headed by a leader. for example, this grou
    6·1 answer
  • Beginning with the first pay of the year, Carson will make $2,700 each week. In which numbered pay of the year will Carson hit t
    7·1 answer
  • An aging of a company's accounts receivable indicates that estimate of the uncollectible accounts totals $4,979. If Allowance fo
    12·1 answer
  • Decision makers and analysts look deeply into profitability ratios to identify trends in a company’s profitability. Profitabilit
    10·1 answer
  • Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Roun
    13·1 answer
  • The Foreign Corrupt Practices Act (FCPA) has been criticized for:
    7·1 answer
  • Irene has a debit card but rarely uses it. Last night, she determined that her card was lost and had been for sometime. What is
    13·1 answer
  • Harold works as an operations manager. He uses a project management tool to schedule and manage the steps of the manufacturing p
    5·1 answer
  • You have been hired as the Economics Advisor in a XYZ Ltd to help steer the company to greater heights. The company is launching
    7·1 answer
  • because it produces and distributes a specific type of cultural product for public consumption to profit financially, a video ga
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!