How do I build a successful Uber company?

Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

Natali [406]

Answer:

Material Cost variance = Standard cost - Actual cost

= 3000*5 - 16192

= 1192 A

Material Rate Variance = (S.R. - A.R.)A.Q

= (5 - 5.06)3200

= 192 A

Material usage variance = (S.Q. - A.Q.)S.R

= (3000 - 3200)5

= 1000 A

Working Notes:

Actual Output = 1500 units

Standard qty of Material for Actual Output = 1500*2

= 3000 pounds

Actual qty. used = 3200 pounds

Actual rate/pound = $16192/3200

= $5.06

4 0

3 years ago

Locus Company has total fixed costs of $117,500. Its product sells for $53 per unit and variable costs amount to $43 per unit. N

Sholpan [36]

Answer:

12,925 units

Explanation:

Given,

Fixed expense = $117,500

If pretax income is 10% of fixed cost, the expected net operating income = $117,500 × 10% = $11,750.

Contribution margin per unit = $53 - $43 = $10.

We know,

Expected sales (units) = (Fixed expense + Target profit) ÷ Contribution Margin per unit

Expected sales (units) = ($117,500 + $11,750) ÷ $10

Expected sales (units) = $129,250 ÷ $10

Expected sales (units) = 12,925 units

As there is no information related to the next year, we will use current year information to find expected sales volume.

3 0

3 years ago

Use your knowledge of what drives employee performance to complete the sentence.

ra1l [238]

Answer: 1. C, 2. B, 3. C

7 0

3 years ago

GM crops have raised issues among communities in which they are produced. Which of the following are concerns raised by the publ

Nesterboy [21]

Answer:

a. The Bt toxin could negatively affect the taste of the food that is produced from these crops.

c. The Bt toxin could result in the death of non-pest species of insects. d. The Bt gene could ultimately make the plants pathogenic to humans.

Explanation:

Genetically engineered crops couldn't harm the economy. They are made to benefit economy, as it's shown in the following quote:

"The commercialization of genetically modified (GM) crops has continued to occur at a rapid rate, with important changes in both the overall level of adoption and impact occurring in 2012.

This annual updated analysis shows that there have been very significant net economic benefits at the farm level amounting to $18.8 billion in 2012 and $116.6 billion for the 17-year period (in nominal terms)."

Reference: Brookes, Graham, and Peter Barfoot. “Economic Impact of GM Crops.” Taylor & Francis, 2014,

8 0

4 years ago

On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100

sergij07 [2.7K]

Answer:

Please find the detailed answer as follows

Explanation:

The case is pretty simple, and I’ll to be simple in explanation below:

Facts:

--Transfer price per unit should be atleast equal to the relevant cost per unit.

--Relevant cost per unit = Variable cost per unit + Contribution margin lost + Avoidable fixed cost.

--Since it is stated that fixed cost wont be affected and that there is idle capacity available, there wont be any ‘Contribution margin lost’ on outside sale AND ‘avoidable fixed cost.

--If Division A transfers, it would transfer at the relevant cost of $ 19 per unit, which is equal to the variable cost per unit.

--If Division A didn’t transfer, Division B will buy from outside at rate of $ 24 per unit.

Hence, Division B will purchase $ 24 per unit when it could get from Division A at $ 19.

Thereby, Division will be paying $ 5 per unit extra on 16100 units.

Division B and hence, the company as a whole will be WORSE by $ 80,500

[16100 units x $ 5 per unit]

Correct Answer = Option #3: Worse off by $ 80,500 each period.

The same is illustrated as attached image.

Download xlsx

7 0

3 years ago