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mr_godi [17]
3 years ago
13

Sheridan's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's

best-selling cookie is the double chocolate almond supreme. Sheridan's recipe requires 10 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 1 ounce of almonds per pound of cookies. The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $15 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 3 minutes of direct labor in the baking department. The standard labor rates in those departments are $13.50 per direct labor hour (DLH) and $29 per DLH, respectively. Variable overhead is applied at a rate of $36.70 per DLH; fixed overhead is applied at a rate of $60 per DLH. Calculate the standard cost for a pound of Sheridan's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.)
Business
1 answer:
Schach [20]3 years ago
4 0

Answer: Standard cost per pound= $7.965.7

Explanation:

Given Data:

Recipe requirements = 10ounce

Direct material cost = $0.80/cookies, $4/pound of milk, $15/chocolate

Standard labor rate = $13.50 direct labor/hr & $29/ DLH

Variable overhead = 36.70/DLH

Fixed overhead = $60/DLH

therefore:

DM1 + DM2 = DM Cost perPound

DM1 = 10ounce x 0.8/16ounce = $0.5

DM2= 5ounce x 4/16ounce = $1.25

DM3= 1ounce x 12/16ounce = $0.75

DL1 = 1 min x 14.40/60 min = $0.24

DL2= 2 min x 18/60 min = $0.6Var.

MOH = $32.40Var. MOH + Fixed MOH

= MOHFixed MOH = 60 x 3min/60min = $3

Standard cost per pound= $7.965.7

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You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound
Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

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

C  $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\

we clear for n as much as we can and solve

(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}

(1+0.004)^{-n}= 0.20

now we use logarithmic properties to solve for n:

-n= \frac{log0.2}{log(1+0.004)

-403.16  

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0
3 years ago
The owner of Showtime Movie Theaters, Inc., would like to predict weekly gross revenue as a function of advertising expenditures
hoa [83]

Answer:

The predicted value of Revenue is $98.24.

Explanation:

The data provided is for the weekly gross revenue, the amount of television advertising and the amount of newspaper advertising.

Determine the regression equation developed to estimate the amount of weekly gross revenue based on television advertising using Excel.

Consider the Excel image for Summary Output for Weekly Revenue Vs. T.V. Adv.

The estimated regression equation with the amount of television advertising as the independent variable is:

<em>Revenue </em>= 89.31 + 1.27 <em>TVAdv</em>

Consider the Excel image for Summary Output for Weekly Revenue Vs. T.V. Adv. & News Adv.

The estimated regression equation with both television advertising and newspaper advertising as the independent variables is:

<em>Revenue </em>= 83.78 + 1.78 <em>TVAdv</em> + 1.47 <em>NewsAdv </em>

For TVAdv = $4.9 and NewsAdv = $3.9 predict the value of Revenue as follows:

\text{Revenue} = 83.78 + 1.78\ \text{TVAdv} + 1.47\ \text{NewsAdv}

             =83.78 + (1.78 \times 4.9) + (1.47 \times 3.9)\\\\=98.235\\\\\approx 98.24

Thus, the predicted value of Revenue is $98.24.

5 0
3 years ago
You have a portfolio that consists of equal amounts of IBM stock and Treasury bills. If you replace one-third of Treasury bills
postnew [5]

Answer: increase

Explanation:

You have a portfolio that consists of equal amounts of IBM stock and Treasury bills. If you replace one-third of Treasury bills with more IBM stock , the expected portfolio return will increase, ceteris paribus

The expected return for a particular investment are the returns which a an investor expects when he or she invests in a particular investment. In the above scenario, there'll be an increase in the expected portfolio return.

7 0
3 years ago
1) Decide whether you would expect relationship between the following pairs of dependent and independent variables (respectively
kvasek [131]

Answer:

(a) GDP is a dependent variable and aggregate net investment is a independent variable. There is a positive relationship between the variables which means that an increase in the net investment will lead to increase GDP.

(b) There is a negative relationship between the variables which means that as the supply of wheat increases, as a result price of wheat falls. So, as the number of acres of wheat planted in a season  increases as a result price of wheat decline.

(c) There is a negative relationship between the variables which means that an increase in the interest rate in an economy will lead to increase the cost of borrowings and hence, net investment falls.

(d) There is a negative relationship between the variables because of the law of demand. It states that an increase in the price of a commodity will lead to reduce the quantity demanded for that commodity.

(e) There is no relationship between these variables. Both the variables are totally uncorrelated.

4 0
3 years ago
"ABC Company knew that its customers were interested in environmentally friendly business practices, so it began marking all of
kirill115 [55]

Answer:

b. Greenwashing

Explanation:

Greenwashing refers to misleading customers by portraying fake compliance with environmental laws by a company. In such cases the company at fault showcases it's products as environmental friendly, made using natural ingredients which actually is not the case.

Misleading refers to employing fraudulent practices intended to deceive the customers with an intention to increase the sales volume.

In the given case, the company in question labelled it's products as environmental friendly despite knowing such is not the case as the facts suggest otherwise.

Thus, this is a case of Greenwashing.

8 0
3 years ago
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