On average, a person with a bachelor's degree earns

Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The co

xeze [42]

Answer:

Total cost= $2,008,608

Explanation:

Giving the following information:

Production 11,800 units 13,000 units

Direct materials: $761,100 - $838,500

Direct labor: $241,900 - $266,500

Manufacturing overhead: $1,010,800 - $1,035,280

First, we need to calculate the unitary cost for each level of production and choose the lower cost for each:

11,800 units:

Direct material= 761,100/11,800= $64.5

Direct labor= 241,900/11,800= $20.5

Variable overhead= 1,010,800/11,800= $85.66

Total unitary cost= 170.66

13,000 units:

Direct material= 838,500/13,000= 64.5

Direct labor= 266,500/13,000= $20.5

Variable overhead= 1,035,280 /13,000= $79.64

Total unitary cost= 164.64

Total cost for 12,200 units:

Total cost= 12,200*164.64= $2,008,608

6 0

3 years ago

Interviews usually take place between applicants and representatives of

Morgarella [4.7K]

Usually management, owner or department manager do the inverviews

7 0

3 years ago

Read 2 more answers

When Patey Pontoons issued 6% bonds on January 1, 2018, with a face amount of $600,000, the market yield for bonds of similar ri

Sliva [168]

Answer:

1.- issued at : $579,378

2.- the schedule is attached.

3 and 4.- journal entries

cash 579,378 debit

discount on bonds payable 20,622 debit

bonds payabe 600,000 credit

--to record issuance-------

interest expense 20278.23 debit

discount on bonds payable 2278.23 credit

cash 18000 credit

--to record June 30th payment---

5.-At December 31th 2018 will report as follow:

bonds payable 600,000

discount on bonds (15,986)

net 584,014

6.- it will report interest expense for:

20,278.23 June

20,357.97 December

total: 40.636,2‬

7.- maturity:

interest expense 20,898.55

discount on bonds payable 2,898.55

cash 618,000

Explanation:

For the value of the bonds at issuance, we will calcualtethe present value of the coupon payment and the maturity at market rate.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 18,000 ( 600,000 x 0.06/2)

time 8 (4 years x 2 payment per year

rate 0.035(market rate / 2)

$18000 \times \frac{1-(1+0.035)^{-8} }{0.035} = PV\\$

PV $123,731.1997

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 600,000.00

time 8.00

rate 0.035

$\frac{600000}{(1 + 0.035)^{8} } = PV$

PV 455,646.93

PV c $123,731.1997

PV m $455,646.9337

Total $579,378.1334

for the schedule we will multuply the carrying value by the market rate.

the ncompare with the proceed in cash to know the amortizaiton.

This amortization will increase the carrying value of the loan.

5 0

3 years ago

In September of Year 1, Hansen Company issued a note payable to borrow money from its bank. Principal and interest on the note w

Ghella [55]

Answer: True

Explanation:

As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.

The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.

This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.

4 0

4 years ago

When preparing to work on a project, teams should name a meeting leader to plan and conduct meetings, a recorder to keep a recor

vesna_86 [32]

Answer:

The statement is: True.

Explanation:

Teams tend to have more effective results when they select a leader, recorder, and evaluator. Those characters will play an important role to control and measure the team's performance that will lead them to achieve their objectives. The leader should guide the team whenever the members gather, the recorder registers the most relevant information of every meeting, and the evaluator measures the advance of the project with the help of the leader.

4 0

3 years ago