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faltersainse [42]
2 years ago
6

Lancelot Manufacturing is a small textile manufacturer using machinehours as the single indirectcost rate to allocate manufactur

ing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job Direct materials Direct labor Manufacturing overhead costs Machinehours mh mh What is the bid price for the Case High School job if the company uses a ​% markup of total manufacturing​ costs?

Business
1 answer:
zhenek [66]2 years ago
7 0

Answer:

$3,927

Explanation:

For the computation of bid price first we need to follow some steps which is shown below:-

Manufacturing overhead rate = Overhead cost ÷ Machine hours

= 45,000 ÷ 100,000

= $0.45

Total manufacturing cost charged to the school

= 2,000 + 400 + (900 × 0.45)

= $2,805

Markup cost = $2,805 × 0.4

= $1,122

Bid price of job = Total manufacturing cost charged to school + Markup cost

= $2,805 + $1,122

= $3,927

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Dmitry_Shevchenko [17]

Answer:

a) Portfolio ABC's expected return is 10.66667%

Explanation:

The expected return is based on the risk factor of a project. If a project has higher risk its rate of return will be higher. Portfolio ABC has one third of its funds invested in each stock. The return of on A and B are 20% and 10%. Their beta is 1.0 for both the stocks while stock C has beta 1.4. The portfolio expected return will be 10.66667%.

5 0
2 years ago
One of your duties as the capacity manager for XYZ Company is to determine the best operating level. One way to help determine c
yanalaym [24]

Answer:

Capacity utilization rate of team 1=4200/4700=0,89

Capacity utilization rate of team 2=3700/4700=0,78

Explanation:

To get the maximum capacity of utilization capacity manager must consider the routine safety and the level where average cost per unit, so we use 4700 widgets per day to get the rate of team 1 and 2.  

Capacity utilization rate of team 1=4200/4700=0,89

Capacity utilization rate of team 2=3700/4700=0,78

3 0
2 years ago
Broker John is advertising a desirable property that sold months ago to attract buyers. When the buyers ask to see that property
Katyanochek1 [597]

Answer:

Bait-and-switch advertising.

Explanation:

BAIT AND SWITCH ADVERTISING is a type of advertising where a seller of a products or goods deceive a prospective buyer by advertising a product that is desirable in which when the buyer make an effort to purchase the product or ask to see the advertised product the seller will show the prospective buyer available product instead of the advertised product in which the buyer will then find out that the advertised product is unavailable just as in the case of John who advertised a desirable property that was already sold out a months ago in order to attract prospective buyers in which when the advertised product was ask by the buyers he shows the buyer available properties instead which means that this act by Broker John is an example of BAIT AND SWITCH ADVERTISING.

8 0
2 years ago
Knight signed a lease specifying that, if the $400-per-month rent was not received by the fifth of each month, Knight would owe
nignag [31]

Answer and Explanation: From the given case/scenario we can state that the court is most likely to rule that these late charges or fine tends to constitute a penalty since they are excessive . The law that tends to govern most of the penalties is considered to be a slight exception to the general rule of law which tends to preserve the freedom of contract,and thus allowing the parties wide freedom in order to agree to the terms and points of contract.

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2 years ago
As a major steel manufacturer, SteelMakers Inc. focuses on having the most efficient manufacturing processes in place. The compa
salantis [7]

Answer: Production orientation

     

Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.

In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.

  Thus, from the above we can conclude that the correct option is C.

6 0
2 years ago
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