The computation of the total cost per unit for each product is as follows:
Standard Deluxe
Direct materials per unit $11.00 42.00
Direct labor per unit 18.00 18.00
Overhead cost per unit 14.57 15.17
Total cost per unit $43.57 $74.17
What is the ABC costing system?The ABC (Activity-based costing) costing system is a costing method that:
Identifies activities in an organization.Assigns the overhead cost of each activity to all products and services.Cost assignment is based on the actual consumption by each.The ABC costing system is not like the traditional costing system that uses a single plantwide rate as the overhead rate based on a single cost driver.
Question Completion:Both products require 2 hours of direct labor for completion. Therefore, total annual direct labor hours are 140,000 [2 hrs. × (20,000 + 50,000)]. The expected annual manufacturing overhead is $1,050,000. Thus, the predetermined overhead rate is $7.50 ($1,050,000 ÷ 140,000) per direct labor hour. The direct materials cost per unit is $42 for the deluxe model and $11 for the standard model. The direct labor cost is $18 per unit for both the deluxe and the standard models.
The company’s managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows.
Required
Compute the total cost per unit for each product under ABC.
Data and Calculations:Activity Cost Pool Cost Driver Estimated Expected Use Expected Use
Overhead of Cost Drivers of Drivers by
Product
Standard Deluxe
Purchasing Orders $ 126,000 400 100 300
Receiving Pounds 30,000 20,000 4,000 16,000
Assembling Number of parts 444,000 74,000 20,000 54,000
Testing Number of tests 115,000 23,000 10,000 13,000
Finishing Units 140,000 70,000 20,000 50,000
Packing & shipping Pounds 195,000 80,000 18,000 62,000
Total $1,050,000
Overhead rate per Activity Cost Pool
Activity Cost Pool Cost Driver Estimated Expected Use Overhead
Overhead of Cost Drivers Rates
Purchasing Orders $ 126,000 400 $315 ($126,000/400)
Receiving Pounds 30,000 20,000 $1.50 ($30,000/20,000)
Assembling Number of parts 444,000 74,000 $6.00 ($444,000/74,000)
Testing Number of tests 115,000 23,000 $5.00 $115,000/23,000)
Finishing Units 140,000 70,000 $2.00 ($140,000/70,000)
Packing & shipping Pounds 195,000 80,000 $2.4375 ($195,000/80,000)
Allocation of Overhead per product:
Activity Cost Pool Overhead Standard Deluxe
Purchasing $315 $31,500 (100 x $315) $94,500 (300 x $315)
Receiving $1.50 6,000 (4,000 x $1.5) 24,000 (16,000 x $1.5)
Assembling $6.00 120,000 (20,000 x $6) 324,000 (54,000 x $6)
Testing $5.00 50,000 (10,000x $5) 65,000 (13,000 x $5)
Finishing $2.00 40,000 (20,000 x $2) 100,000 (50,000 x $2)
Packing &
shipping Pounds $2.4375 43,875 (18,000 x $2.4375) 151,125 (62,000 x $2.4375)
Total overhead allocated $291,375 $758,625 $1,050,000
Total units produced 20,000 50,000
Overhead per unit $14.57 $15.17
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Describing what is the X axis?
Answer:
the principal or horizontal axis of a system of coordinates, points along which have a value of zero for all other coordinates. -dictonary
In 2015, a massive earthquake hit Nepal, destroying roads and buildings, and killing thousands of people.
What impact would you predict such a natural disaster to have on the U.S. economy in the short run? Drag the appropriate curve to show the impact on the graph.
Earthquake will have a negative effect on the US economy.
What is Earthquake?This is defined as the shaking of the ground caused by movement of the Earth's crust.
This will lead to destruction of structures, properties and loss of lives thereby requiring additional money allocated to rebuild them which has a negative impact on the economy as more costs will be allocated.
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The allowance for doubtful accounts is reported as a(n) __________ on the balance sheet.
a. addition to accounts receivable
b. deduction from accounts receivable
c. addition to notes receivable
d. deduction from trading investments
Match the method of exchanging information with its description
Answer:
Exchange of common capability information of wireless communication terminals is improved by taking in account also capabilities of any adjacent external device(s) (e.g. PC or laptop) of an end-user. A wireless terminal transfers (14) capability information of its own, and that of a remote wireless terminal and a remote external device to an adjacent external device (e.g. PC or laptop) of the end-user. The external data device determines (15), based on the received application capability information, its own application capabilities which match with the application capabilities indicated by the received application capability information, and presents (16) the matching application capabilities to the end-user. Thus, the communication parties are enabled to see and use application capabilities of their wireless communication terminals and adjacent external devices, e.g. during circuit-switched or packet-switched one-to-one call.
Classifications
Let's say you are ordering food for your wedding reception, and you sent out 150 invitations. Everyone RSVP'd, with120 people saying they would attend. You know however that not everyone who RSVP'd will actually show up; there are always, always, always some no-shows (at least from the question-writers experience). Thus you expect to need 100 meals. But just to be safe, you plan to order 110 meals, estimating this is a 90% service level (accepting a 10% probability you'll run out). You discuss this with your fiance who is adamant about increasing your service level to 99%.
Required:
How many meals should you order for a 99% service level?
The number of meals to order for a 99% service level is 121 meals.
What is the service level?The service level is the percentage of services that can be provided to guests or customers on a given occasion or within a given period.
It can also describe the percentage of meals that a host estimates to serve her guests at a party.
Data and Calculations:Number of invitations sent out = 150
Number of RSVPs received = 120
Expected number of meals to serve = 100
The safety level of meals to serve = 110
The estimated service level at 110 meals = 90%
The Fiancé's estimated service level to attain = 99%
The number of meals to order for a 99% service level is 121 meals (110/90% x 99%).
Thus, the meals that you should order for a 99% service level is 121 meals.
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Financial data for Greene Company follows:
Description Amount
Sales $825,000
Accounts receivable:
Beginning of year 75,000
End of year 87,000
Net income 1,500,000
What is Greene Company's accounts receivable turnover?
a. 1.9
b. 5.1
c. 9.3
d. 10.2
The accounts receivable turnover is 10.2 for Greene Company. Thus, the correct answer is option D.
What is accounts receivable turnover?The accounts receivable turnover ratio calculates how frequently a company collects its average accounts receivable balance. It measures a company's efficiency in collecting outstanding client balances and managing its line of credit process.
We know that, Account receivable turnover is
= Sales ÷ average accounts receivable
So, sales, and average accounts receivable is considered
The account receivable turnover ratio is
Average receivable is = ($75,000 + $87,000) ÷ 2 = $81,000
So, the Account receivable turnover ratio is
= $825,000 ÷ $81,000
= 10.20 times
Therefore, 10.2 is the Greene Company's accounts receivable turnover ratio.
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Which method of accounting for uncollectible accounts receivable uses an estimate based on a percent of sales?
a. Direct write-off method
b. Allowance method
c. Sales factor method
d. Estimated method
Monetarists believe an increase in the
money supply will have what effect on
economic growth?
Answer:
According to monetarism, variations in the money supply will affect price levels over the long term and economic output in the short term. A change in the money supply, therefore, will directly determine prices, production, and employment.
Explanation:
Which example best explains the concept of government failure?
A. a failure of governments to meet budgetary needs
B. when government decisions lead to inefficient outcomes
C. the situation in which rebels overtake an established government
D. cessation of government business due to lack of funding
Answer:
D
Explanation:
The best justify the statement was the concept of government failure is cessation of government business due to lack of funding. Thus, option (d) is correct.
What is government?
The term "government" refers to a legal responsibility or system that is managed and directed by an office, public sector, country, or state. the government imposed the law. The government is keeping a close eye on the public's actions. The government imposed the taxes and laws.
The government are the fail to the main reasons such as economic improper budgeting. The government are the sometimes not performing well in the period of the crises. On the another causes was the corruption. Due to the lack of improper money as the business not run as the reason was the funding.
As a result, the government failure in example cessation of government business due to lack of funding. Therefore, option (d) is correct.
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Describe five reasons people resist change at work place
Answer:
Loss of status or job security in the organization. ...
(2) Poorly aligned (non-reinforcing) reward systems. ...
(3) Surprise and fear of the unknown. ...
(4) Peer pressure. ...
(5) Climate of mistrust. ...
Lisette is the owner of a bakery that earns zero economic profit. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000, and her overhead expenses were $25,000. From this information, we know that her explicit costs were ________.
a. $80,000
b. $92,000
c. $102,000
d. $77,000
e. $53,000
1.Yegnaw company produces and sells two types of yoga - training products: how to videotapes and a basic equipment set (blocks, strap, and small pillows). Last year, yegnaw sold 14,500 videos and 7,250 equipment sets. Information on the two products is as follows:
Videos set
Equipment
Price
Br 17.14
Br 21.75
Variable cost per unit
5.80
8.70
Total fixed costs are Br 101,500.
(a) and (b) The computation of the break-even units for each product of Yegnaw Company is as follows:
Videos set Equipment
Break-even point (units) 14,097 21,324
What is the break-even point?The break-even point is an accounting term that shows that total revenue equals total expenses of Yegnaw Company.
The break-even point is the point at which the company does not make a profit or loss but the total revenues equal total variable and fixed costs.
It is computed as the fixed cost divided by the contribution margin. For multiple products, the break-even point can be computed by weighting the contribution margin as follows:
Data and Calculations:Videos set Equipment
Quantity sold 14,500 7,250
Price Br 17.14 Br 21.75
Variable cost per unit 5.80 8.70
Contribution margin per unit Br 11.34 Br 13.05
Total contribution margin Br 164,430 Br 94,612.50 (Br 13.05 x 7,250)
Total contribution margin for 2 products = Br 259,042.50
Weighted average contribution ratio 63.5% 36.5% (Br94,612.50/Br 259,042.50 x 100)
Weighted average contribution margin
per unit Br 7.20 (Br 11.34 x 63.5%) Br 4.76 (Br. 13.05 x 36.5%)
Total fixed costs = Br 101,500
Videos set Equipment
Fixed costs = Br 101,500
Weighted average contribution margin Br. 7.20 Br. 4.76
Break-even point (units) 14,097 21,324
(Br 101,500/Br 7.20) (Br 101,500/Br 4.76)
= Fixed costs/Weighted average contribution margin per unit
Question Completion:Compute the break-even quantity of each product.
a. Break-even DVDs
c. Break-even equipment sets
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Can a company become successful without considering the environment?
Sarah gets a salary increase. Before her raise, she purchased 5 pounds of fish and 1 pound of beef stew a month. After her raise, she consumes 2 pounds of fish and 3 pounds of beef stew a month. If everything else is held constant, we know that: _________
a. hamburger is a normal good and steak is an inferior good for Sarah.
b. both steak and hamburger are normal goods for Sarah.
c. hamburger is an inferior good and steak is a normal good for Sarah.
d. both steak and hamburger are inferior goods for Sarah.
Answer:
C. hamburger is an inferior good and steak is a normal good for Sarah
Explanation:
Demand for an inferior good decreases as income increases.
Demand for a normal good increases as income increases.
Because Sarah purchased less hamburger after her salary increase (5 to 2 pounds), she had less demand for it, therefore hamburger is an inferior good for her. And because Sarah purchased more steak after her salary increase (1 to 3 pounds), she had more demand for it, therefore steak is a normal good for her.
You are the chief information officer (CIO) of your company. Write a post that details a scenario in which you would choose to conduct an information systems (IS) audit for your company. Be sure to explain how the different IS departments would be affected by this audit.
Answer:
1 Agree on goals. Include all stakeholders in discussions of what should be achieved with the audit.
2 Define the scope of the audit.
3 Conduct the audit and identify threats.
4 Evaluate security and risks.
5 Determine the needed controls.
Explanation:
please mark me as brainlist
The data that organization has an abundance of is vulnerable to various cyber threats, and because even a minor misuse of data can result in significant client loss.
What is cyber threats?Any circumstance or event that has the potential to harm organizational operations, assets, individuals, other organizations.
The Nation via a system through unauthorized access, destruction, disclosure, modification of information, and denial of service.
some kinds of cyber threats are Malware, Ransomware, Distributed denial of service attacks, Spam and Phishing, Corporate Account, Takeover and Automated Teller Machine.
Thus, the data that company has many cyber threats, due to misuse of the data can be faced by the person.
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Which of the following accounts is used only with the allowance method of accounting for uncollectible accounts receivable?
a. Accounts Receivable
b. Bad Debt Expense
c. Allowance for Doubtful Accounts
d. Cash
Your calendar year company places the following order on December 27. Indicate which of the order will be reflected on this year’s financial statements.
The order that will be shown on this year’s financial statements is Goods shipped December 28, FOB shipping point and received January 2.
What is a calendar year?A calendar year is known to be a one-year timeframe. It is one that often starts on January 1 and must ends on December 31.
This calendar year is popularly known as the civil year as it is made up of the full 365 days or 366 for a leap year. It is used by firms for business, personal, and administrative events.
The order that will be reflected on this year’s financial statements is Goods shipped December 28, FOB shipping point and received January 2 because only this one among the options have spillover from the previous year to this year.
See full question below
Your calendar year company places the following orders on December 27. Indicate which of the orders will be reflected on this year’s financial statements.
Goods shipped December 28, FOB shipping point and received January
Goods shipped December 27, FOB destination and received January
Goods shipped January 2, FOB shipping point and received January 3.
Goods shipped FOB destination December 28 and received December 30.
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Your employer has a legal responsibility to protect you from legal penalties in the event you serve alcohol illegally. TRUE OR FALSE
It can be deduced that an employer has a legal responsibility to protect an employee legal penalties in the event that alcohol is served. Therefore, it's true.
Who is an employer?An employer simply means an individual who manages people and own a business.
An employer has a legal responsibility to protect an employee legal penalties in the event that alcohol is served. There's no way one can be held liable if the person makes reasonable effort t prevent illegal alcohol service.
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when a company ensures that its products will not cause personal injury when used, the company is demonstrating particular consideration to which stakeholder
By ensuring that its products will not cause personal injury when used, the company is showing special consideration to consumers.
What is product liability?It constitutes the set of legal rules on the liability of the manufacturer or seller for defective or dangerous products for the consumer, extending the liability to all sellers in the distribution chain.
Therefore, product liability corresponds to consumer protection over the use of products that are safe and reliable for use.
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The adjusting entry for accrued interest on a note receivable would include a __________ to __________.
a. debit; Cash
b. debit; Interest Expense
c. credit; Interest Revenue
d. debit; Notes Receivable
what is amazon company?
Answer:
Amazon is a company known for many things such as delivery, shopping online, videos (Amazon Prime), and other things of the such.
Explanation:
You are more than likely to see an Amazon delivery truck delivering you or your neighbors some packages!
what are special features associated with syndicated lending?
Answer :
Because numerous lenders participate to a syndicated loan, the loan can be arranged into various forms of loans and securities. Varied loan kinds have different interest rates, such as fixed and adjustable rates. It is the polar opposite of a fixed rate, giving the borrower additional flexibility.
There is no separate agreement between a bank and a borrower. There used to be no uncertainty. The contract usually lasts between three and fifteen years. Loan syndication has a low risk factor.
I hope this helps.
Valley Designs issued a 90-day, 9% note for $42,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest.
1. Determine the due date of the note.
a. July 9
b. July 10
c. July 21
d. July 30
2.. Determine the maturity value of the note.
$______________
Answer:
1. July 21
2. $42,945
Explanation:
April 22 Start leaves 8 days left, and following the months would be like this:
8(April) + 31(May) + 30(June) + 31(July) = 100 days
Now because we only need 90 days in the period, we subtract the last 10 days off of July 31
31(July) - 10 days (July) = July 21
Maturity value = face amount (42,000) + interest (42,000 x 0.09 x 90 / 360)
42,000 + 945 = $42,945
imagine you held one bitcoin that had increased in value from $30,000 to $40,000 in the span of a year. this would mean that your money holdings would have increased by $10,000. is this statement true or false?
The statement about the money holdings of a person being increased by $100,000 is:
False, because the bitcoin is an investment and not a money holding.This refers to the assets which are held in cash and ready to be used.
Hence, we note that there are 3 functions of money which includes functioning as:
A store of valueUnit of accountMedium of exchange.With this, we can state that the statement is false because the bitcoin is an investment and not a money holding.
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Inflationary periods are known
for their general increase in
prices. What is the technical
definition for inflation?
A. A general increase in the price of
internationally traded goods and services.
B. A general increase in the price of
investments made by the government.
C. A general increase in the price of all goods
and services.
Answer:
C
Explanation:
A general increase in pretty much everything. :)
Wheat and oats are used to make different types of breakfast cereal and both are grown on the prairies What would happen to the supply and demand of oats if the price of wheat were to fall? What happens to the equilibrium price and quantity of oats?
If the price of wheat falls, the demand for oats would decrease and the supply of oats would increase.
The equilibrium price of oats would decline and the equlibrium quantity would be indeterminate.
What are subsistute goods?
Substitute goods are goods that can be used in place of another good.
if the price of a good decline, the demand for the substitute decreases and if the price of the good increases, the demand for the substitute decreases.
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Which of the following will develop a new business in the context of a large organization?
What did Apple and other publishers seek to do?
Answer:
they wanted to eliminate prices
Explanation:
hope this helped :)
Answer:
They sought to eliminate price competition on the sale of e-books.
Explanation:Plato
Given a standardized normal distribution (with a mean of 0 and a standard deviation of 1), complete parts (a) through (d) below.
Click here to view page 1 of the cumulative standardized normal distribution table. LOADING...
Click here to view page 2 of the cumulative standardized normal distribution table. LOADING...
Question content area bottom
Part 1
a. What is the probability that Z is between -1.52 and 1.86? (Round to four decimal places as needed.)
A.
P(-1.52 < Z < 1.86) =NORM.S.DIST(1.86,0)-NORM.S.DIST(-1.52,0)= -0.0549
B.
P(-1.52 < Z < 1.86) =NORM.S.DIST(1.86,1)-NORM.S.DIST(-1.52,1)=0.9043
C.
P(-1.52 < Z < 1.86) =NORM.S.DIST(1.86,1)+NORM.S.DIST(-1.52,1)=1.0328
D.
P(-1.52 < Z < 1.86) =NORM.S.DIST(-1.52,1)-NORM.S.DIST(1.86,1)= -0.9043
b. What is the probability that Z is less than -1.52 or greater than 1.86? (Round to four decimal places as needed.)
A.
P(Z < -1.52 OR Z > 1.86) =NORM.S.DIST(-1.52,0)+(1-NORM.S.DIST(1.86,0))=1.0549
B.
P(Z < -1.52 OR Z > 1.86) =NORM.S.DIST(-1.52,1)-(1+NORM.S.DIST(1.86,1))= -1.9043
C.
P(Z < -1.52 OR Z > 1.86) =NORM.S.DIST(-1.52,1)+NORM.S.DIST(1.86,1)=0.1964
D.
P(Z < -1.52 OR Z > 1.86) =NORM.S.DIST(-1.52,1)+(1-NORM.S.DIST(1.86,1))=0.0957
Answer:
d is the right answer that's my answer
Suppose there is a bond that matures in two years with a coupon rate of 10% each year. Given that the principal of the bond is $3,000, and the economy interest rate is 2%, what is the present value of this bond?
Answer:
3.466 I'm not sure , may it 's true or false