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2 years ago

15

Carlos works to maintain a fish hatchery. The fish hatchery provides fish to many public lakes to keep their stock levels high.

Carlos most likely works in

1 answer:

MaRussiya [10]2 years ago

4 0

Answer:

B. Aquaculture

Explanation:

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Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of

pantera1 [17]

Answer:

a:<u>Total Variable Costs $26 </u>

a:<u>Total Manufacturing Costs = $ 30</u>

b:<u>Net Income </u><u><em>Variable Costing</em></u><u> $100,000</u>

b: <u>Net Income </u><u><em>Absorption Costing</em></u><u> $ 100,000</u>

Explanation:

Smuckers Manufacturers

<u>Costs per case under Variable Costing</u>

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

<u>Total Variable Costs $26 </u>

<u>Costs per case under Absorption Costing</u>

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs $ 900,000

<u>Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30</u>

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

<u><em> SMUCKERS </em></u>

<u><em>Variable Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

<u><em></em></u>

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Contribution Margin 240,000

Fixed Expenses 140,000

Total fixed manufacturing overhead $120,000

Fixed selling and administrative 20,000

<u>Net Income 100,000</u>

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

<u><em>SMUCKERS </em></u>

<u><em>Absorption Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs 900,000

Gross Profit 120,000

Fixed Expenses 20,000

Fixed selling and administrative 20,000

<u>Net Income 100,000</u>

3 0

2 years ago

On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $

GaryK [48]

Answer:

a) A sum of $6,000 is to be paid at the end of each year for 7 years and the principal amount $115,000 to be paid at the end of 7th year.

PV=$6,000/(1+0.07)^1 + $6,000/(1+0.07)^2 +$6,000/(1+0.07)^3 +$6,000/(1+0.07)^4 +$6,000/(1+0.07)^5 +$6,000/(1+0.07)^6 +$6,000/(1+0.07)^7 +$115,000/(1+0.07)^7

PV=$5,607.47 + $5,240.63 + $4,897.78 + $4,577.37 + $4,277.91 + $3,998.05 + $3,736.49 + $71,616.22

PV=$103,951.92

b) Let the single sum that will grow to $490,000 at 7% interest per annum at the end of 8 years be X

FV=PV(1+i)^n

$490,000 = X(1+0.07)^8

Thus,

X= $490,000/(1.07)^8

X = $490,000/1.7182

X = $285,182

Thhus, a single sum of $285,182 needs to be deposited for 8 years at 7% interest p.a.

The total amount of interest revenue is ($490,000-$285,182) = $204,818

c) PV = $75,000/(1.07)^1 + $112,500/(1.07)^2 + 150,000/(1.07)^3

PV = $70,093.45 + $98,261.85 + $122,444.68

= $290,800

FV =$75,000*(1.07)^1 + $112,500*(1.07)^2 + 150,000*(1.07)^3

= $80,250 + $85,867 + $91,878

= $257,995

d) The cost of the machine is $170,000. Immediate cash paid $34,000. Loan Amount is ($170,000-$34,000)=$136,000

The PVA factor at 7% p.a compounded annually for 5 years is 4.1002

Thus, the PMT = 136,000/4.1002

= $33,169

Thus, the amount of each annual payment is $33,169 for 5 years.

The total amount to be paid is ($34,000+$33,169*5)

=$34,000+$165845

=$199845

The interest expense is ($199845 - $170,000)

= $29,845

3 0

2 years ago

Read 2 more answers

Rogoff Co.'s 15-year bonds have an annual coupon rate of 9.5%. Each bond has face value of $1,000 and makes semiannual interest

meriva

Answer:

maximum sum of $891.00

Explanation:

given data

Face Value = $1,000

Annual Coupon Rate = 9.50%

Time to Maturity = 15 years

yield to maturity = 11%

to find out

maximum price you should be willing to pay for the bond

solution

we know that Semiannual Coupon Rate will be = 4.75%

so semiannual Coupon will be = Semiannual Coupon Rate × Face Value

semiannual Coupon = 4.75% × $1,000

Semiannual Coupon = $47.50

and Semiannual Period will be for 15 year = 30

and Semiannual yield to maturity will be here YTM = 5.50%

so

Current Price will be here

Current Price = Semiannual Coupon × $\frac{1-(\frac{1}{1+r})^t}{r}$ + $\frac{faevalue}{(1+r)^t}$ ...................1

put here value

Current Price = $47.50 × $\frac{1-(\frac{1}{1.055})^{30}}{0.055}$ + $\frac{}{1.055^{30}}$

Current Price = $891.00

so pay a maximum sum of $891.00

6 0

2 years ago

For the year ended December 31, year 3, Colt Corp. has a loss carryforward of $180,000 available to offset future taxable income

Reika [66]

The answer is 234,000

5 0

2 years ago

Firms that pursue cost advantage will implement different structures and systems distinguishable from those pursuing differentia

Firdavs [7]

Answer:

d. Low levels of job specialization

Explanation:

Firms that pursue cost advantage have effective & efficient management techniques.

Employee remuneration based upon individual productivity , Frequent performance reporting , High levels of outsourcing : are all important for proper management of firms to achieve cost advantage.

However, proper effective & efficient management cant be achieved without proper division of labour & specialisation of job. So, firms pursuing cost advantage have all features in their systems except 'Low levels of job specialization'

4 0

2 years ago