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2 years ago

PB1.

Business

1 answer:

maria [59]2 years ago

3 0

Answer:

Explanation:

1. prime costs: direct materials+direct labour

= $22,000+$35,000

= $57,000

2. Conversion Costs= Direct labour + Manufacturing Overheads

= $35,000+ $17,500

= $52,500

3. Product Costs = direct material+ direct labour+ manufacturing overheads

= $22,000 + $ 35,000 + $17,500

= $74,500

4. Period Costs = Selling expenses+ administrative expenses

= $17,600 + $13, 400

= $31,000

If 13,750 equivalent units are produced, what is the equivalent material cost per unit = direct materials costs / unit produced

= $22,000/13,750

= $1.6 per unit

If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit = total conversion costs/unit produced

= $52,500/17,500

=$3 per unit

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Since almost everyone makes decisions at work, that qualifies them to be categorized as managers.(T/F)

Pavlova-9 [17]

Answer:

False

Explanation:

If an employee make a decision at work it does not automatically mean that he is a manager. Yes, everyone can make decision but only the good manager can differentiate the good from the bad decisions.

The Manager's job is not only to make decisions. His job is, as its name is saying, to manage people, decisions, plans etc.

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2 years ago

Hurricane Wings has budgeted the following costs for a month in which 24,000 wings will be cooked and sold. Wings, breading, and

Tcecarenko [31]

Answer:

Profit increase= $45

Explanation:

Giving the following information:

Q= 24,000 wings will be cooked and sold.

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Rent 1,100

Depreciation 900

Other fixed costs 400

Each wing sells for $0.80 each.

First, we need to calculate the unitary variable cost:

Wings, breading, and sauce= 4900/24000= 0.2042

Direct labor= 3500/24000= 0.1458

Total variable cost= 0.35

Now, we can calculate the increase in profit:

Q increase= 100 units

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Profit increase= (0.80-0.35)*100= $45

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2 years ago

When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently,

Alexeev081 [22]

Answer:

These statements are correct:

In a command economy, state-owned enterprises have little incentive to control costs and be efficient.

In a command economy, the absence of competition means that state-owned enterprises do not have incentive to be efficient. This is because In command economies, these companies are most of the time monopolies who have a safer market to sell their products, because consumers lack choice.

Mixed economies were once uncommon throughout much of the world, although they are becoming more popular now.

Most economies now are mixed: in part free market economies, in part command economies. For example, in most developed countries, most sectors are left for private companies to compete, but a few areas are still directly controlled by the government, either fully or partially (for example: the healthcare sector, and education).

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2 years ago

At the beginning of the year, Brick Makers had cash of $183, accounts receivable of $392, accounts payable of $463, and inventor

Pie

Answer:

amount of the net source $15

Explanation: $Working\ capital= Current\ assets-Current\ liabilities$

$source\ of\ cash =[Cash+AR+Inventory]- [Amount\ Payable]$

cash = $183

received amount = $392

inventory =$714

payable amounts =$463

current assest = (183+392+714)-463=$826

current liabilities =(167+682+409-447)=$811

cash = $167

received amount = $409

inventory =$682

payable amounts =$447

current liabilities =(167+682+409-447)=$811

Hence since current liabilities is more than current assests, therefore there will be loss of accounts

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2 years ago

Which statement is correct? The underwriters pay the spread. Taxes are an indirect underwriting cost. Seasoned equity offerings

Marat540 [252]

Answer:

The correct statement is Option No. 4 which is "straight bonds are more costly to issue than convertible bonds".

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2 years ago

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